Sirin Development is beginning the first stage of development of planned facilities at the Kaunas Free Economic Zone (FEZ). In 2023, the company plans to build 16,000m² of warehouse space at Jegaines Street 1 in the village of Biruliskes. Shortly the company will take its next step in the territory of the Kaunas FEZ with the planned start of development of more than 47,000m² of warehouses on Gamybos Street. In total, Sirin Development will build 63,000m² of warehouse facilities on 12 hectares of land, with investments of €44m.
According to Sirin Development CEO Laurynas Kuzavas, demand for modern and sustainable warehouses on the Lithuanian market is being boosted by businesses with a domestic-market focus which are looking for a flexible supply of space, energy efficiency, and a work setting that meets employees’ expectations. That is why the company is intensively developing industrial real estate that meets the highest standards of sustainability and quality.
“The convenient location and ability to lease warehouse spaces of more than 1,000m² without having to wait several years is especially relevant for companies considering possible expansion or seeking to optimize logistics costs and ensure faster customer service in the country. We will offer tenants modern A++ energy class warehouse and administrative facilities meeting the highest sustainability requirements, and in the near future – the possibility of expanding within the Kaunas FEZ territory,” commented Kuzavas.