The Norwegian investment company NOR Property Investments AS, managed by real estate fund Orkla Finans, purchased 100% of the shares of Megarenta, which is the owner of a 30,000-m² logistics center in Vilnius, Lithuania. The purchase was done through the special purpose company NPD Industrial by Inova Baltic. The value of the transaction was LTL 78 million (€22.5 million).
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The logistics center was built in two stages in 2005 and 2006 and now is fully leased to the leading companies in their own sectors - Mineraliniai vandenys, Lithuania's largest alcohol and tobacco wholesale trader, and MAP Lietuva
