WALLESS Advised East Capital Real Estate in the Acquisition of a Last Mile Distribution Center Leased to the Regional E-Commerce Leader Pigu
2021 10 12
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.
More information about the investment is here.
WALLESS team, led by the partner Indre Jonaityte-Grice, consisted of Liucija Bitinaitė, Domantas Vilys, dr. Mindaugas Lukas and Mantas Lideika.