TAMRO UAB has concluded a transaction with UAB Eika Real Estate Fund managed by UAB Eika Asset Management for the development and lease of a built-to-suit building in Kaunas district.The fund will also acquire a building currently owned by the company.TAMRO UAB was represented in the transaction by Newsec, an international real estate (RE) advisory company.
The transaction consists of two parts – the sale of TAMRO current headquarters and the development and lease of a new logistics and office centre.TAMRO will move into a built-to-suit project, where the facility is developed according to the company's needs and a long-term lease is signed.The new building will be located in the Kaunas Free Economic Zone (FEZ).UAB Eika Real Estate Fund (EREF), a commercial real estate fund managed by Eika Asset Management, invested in the logistics and office centre.
“The decision to move to the new premises is a logical and timely step that we have been waiting for some time.We have a long track record of consistent and successful work, therefore, naturally it is time to expand. We always attempt to provide our customers with the highest possible quality of service, and the new logistics centre will allow us to raise the quality standards even higher. Moreover, the move to more spacious premises will allow us to offer even wider range of services to existing and new customers. At the same time, all the employees of TAMRO Lithuania, will be able to work in a more comfortable and modern environment”, says Rasa Montvilė, CEO of TAMRO in Lithuania.
The choice to move TAMRO operations to Kaunas FEZ was made due to its location favourable for distribution, infrastructure for business and employees.The location is close to the intersection of the A1 and A6 national and international highways, which provides easy access to many Lithuanian cities and European countries.