Norwegians buy Vilnius logistics center

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Norwegians buy Vilnius logistics center

Aug 27, 2008
By Adam Mullett

THE NORWEGIANS WOULD: Scandinavian investment is welcome in these troubled times.

VILNIUS - Norwegian investment company NOR Property Investments AS has purchased Megarenta, the owner of a 30,000 square meter logistics center in Vilnius, for 78 million litas (22.5 million euros). NPD Industrial, which is owned by Inova Baltic, facilitated the purchase. NOR Property Investments AS is managed by real estate fund Orkla Finans. The buy is seen as a good find because of Lithuania’s strategic geographical position. “Being situated in a favorable geographical position, Lithuania ...

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