Sorainen has advised Eveko Investicija on a built-to-suit lease agreement for the logistics terminal in Kaunas with Itella Logistics. Ellex advised Itella Logistics.
According to Sorainen, Eveko Investicija is converting and developing a 3,100 square-meter building on a 2.7-hectare site in Kaunas. "A modern logistics terminal with administrative premises of more than 7,000 square meters is planned there. Itella’s new industrial premises will consist of 3 zones: administrative, distribution, and warehousing," the firm informed.
Finnish Posti group company Itella Logistics is an international logistics company providing logistics and parcel delivery services. It also operates the Smartpost parcel terminal network.
"We have owned this land plot in Kaunas since 2005, and now we see excellent opportunities to use it by developing a new express parcel terminal in a very attractive location," Eveko Investicija CEO Edmundas Padvaiskas commented. "This is a conversion project – a new logistics center will be built by reconstructing and expanding the former old garage. We plan to complete the facility in the third quarter of 2022 and lease it on the basis of a long-term lease agreement."
The Sorainen team was led by Partner Simonas Skukauskas and included Associates Sandra Aleksandraviciene and Jurgita Mikucioniene.
The Ellex team was led by Partner Dovile Stancikaite.
