WALLESS Advised East Capital Real Estate in the Acquisition of a Last Mile Distribution Center Leased to the Regional E-Commerce Leader Pigu

WALLESS advised East Capital Real Estate IV fund in the acquisition of a last-mile modern logistics distribution center. The center is fully leased to regional e-commerce leader Pigu (part of PHH Group) in Vilnius, Lithuania.

It serves as Pigu Lithuanian office headquarters for its more than 300 employees, constitutes its largest Lithuanian physical store with a built in “drive in” function and provides a 3,500 m2 warehousing facility enabling immediate delivery.

WALLESS Weekly Review

Subscribe and receive the summary of the Lithuanian Supreme Court's rulings every week in your inbox. The information is prepared by the WALLESS Arbitration and Dispute Resolution Team.

Please note that review is in Lithuanian.