Sirin Development has completed the construction of stage IV of Liepkalnis Industrial Park in Vilnius. The company has invested circa €13m in the development of a 26,200m² warehouse, which is let to a range of tenants including Lithuanian Post, Araneta, the company managing the stores of Bald? turgus, Baltijos didmena, the company managing Membershop e-stores, and the production company Looping Production. According to Laurynas Kuzavas, the Director of Sirin Development UAB, the industrial park project is unique in the Baltic States due to its size, exceptional location, high construction quality and focus on energy efficiency.
“We offer modern warehousing facilities for our clients in a premium location within the capital, thus ensuring fast and cost-efficient goods delivery. In addition, we are flexible regarding area size, and according to the business needs, we can offer to our clients solutions regarding both development and business optimisation. Therefore, we are pleased that our efforts are recognised by well-known trademarks and that they choose the projects we are developing both in Lithuania and Latvia,” said Laurynas Kuzavas.
Liepkalnis Industrial Park is located in the southern part of Vilnius, taking up a 34.4 ha territory next to Liepkalnio and Sodybu streets. The total area of the logistics park will be 165 thousand m², and total investments in the park will amount to €82m. Three stages of development are yet to be implemented.