Industrial real estate developer Sirin Development UAB will build 63 000 square metres of warehouse facilities in the Kaunas FEZ. The planned investment in the project is 41 million euros.
The company plans to do the construction work in several phases. In the first phase, it intends to build 20 000 sqm of warehousing on Jėgainės Street by the third quarter of 2023, and in the second, more than 43 000 sqm of warehouse space on Gamybos Street, with completion forecast by the end of 2025.
“Within the territory of the Kaunas FEZ, which has a strategically convenient location and very well-developed infrastructure, we will offer modern A+ energy class warehouse and administrative facilities that meet the highest sustainability requirements. Companies based here also benefit from tax and other business incentives. We believe the convenient location and chance to rent modern warehouse units of over 1,000 square metres will be of particular interest to companies that are thinking about expanding in Lithuania and want to optimise logistics costs or ensure faster customer service around the country,” Kuzavas, the Head of “Sirin Development“ says.