Lithuania Eften acquires three properties in sale and leaseback

The complex consists of three buildings with a total of over 16,000 sqm of industrial, logistics and office space. The properties were built in 2007, 2012 and 2018 and include solar panels, wind turbines and charging stations for electric cars. Situated in a growing innovation and manufacturing district, the buildings are just 12 km from the Lithuanian capital’s city centre and 15 km from Vilnius International Airport. The seller, Arginta Group, upon closing of the transaction also signed a long-term lease agreement and will continue using the premises. Other tenants include Armila, one of the largest international wholesale pharmaceutical distributors in Lithuania, Brolis Semiconductors, a producer of finest infrared laser products, and Arginta Engineering, which designs, manufactures and exports customized industrial equipment.

We’re pleased to see the interest of many investors and look forward to a long and successful partnership with EfTEN. We aim to focus on our core business and intend to invest the capital freed up in our main business activities. One of our priority projects, where we aim to use the freed-up capital, is the development of a manufacturing innovation centre next to the properties sold in this transaction. This centre will be a place for companies of all sizes to test and develop their innovations The acquisition was financed by Luminor bank. The legal advisor to the seller was the law firm Ellex, that to the buyer was FORT Legal.
Arginta Group CEO Gintautas Kvietkauskas.