WALLESS Team Assisted BCP Logistic Property III in the Sale of the Logistics Centre to Vingės Terminalas

2020 11 26

Congratulations to BCP Logistic Property III of Norway for selling the 18,000 sqm logistics centre to its leaseholder, a Lithuanian company Vingės terminalas, for almost 10M Eur.

The complex consists of 16,755 sqm of warehouse premises, and 1,375 sqm of office space. The object is located 19 km from Vilnius, near the main Lithuanian highway Vilnius-Kaunas-Klaipeda (A1).

Vinges Terminalas is a logistics company offering comprehensive warehousing, preparation, and labeling of goods, delivery, and customs clearance services.

WALLESS advised the seller on all legal matters. Other parties involved – Newsec that acted as a commercial advisor and Šiaulių bankas that financed the deal.

WALLESS team consisted of real estate partner Indrė Jonaitytė-Gricė, tax partner Mindaugas Lukas and junior associate Domantas Vilys.

Read more here.