| Project Detail |
Location:
Lithuania
Project number:
52814
Business sector:
Property and tourism
Notice type:
Private
Environmental category:
B
Approval date:
19 Sep 2023
Status:
Approved
PSD disclosed:
28 Sep 2023
Provision of a senior loan of up to EUR 8.0 million to UAB Liepvita (the "Borrower", or the "Company"), to be provided alongside an equivalent loan from a parallel lender for the construction and operation of a multi-phase warehouse development project in Vilnius, Lithuania ("J55" or the "Project" ).
The Project is being developed and managed by UAB Sirin Development (the "Sponsor" or "Sirin"), one of the largest regional real estate developers that operates in Lithuania and Latvia.
Project Objectives
The proceeds from the loan will be used to retroactively finance two completed, operational warehouse assets with a total GLA of ca. 36k sqm in Vilnius, Lithuania, thus supporting the development of A-class sustainable real estate in the country. |
