East Capital Real Estate acquires last-mile distribution center fully leased to regional e-commerce leader Pigu in Vilnius, Lithuania
East Capital Real Estate’s latest fund, East Capital Real Estate IV, announces its acquisition of a last mile distribution center in Vilnius, Lithuania, which is fully leased to the regional e-commerce leader Pigu, part of PHH Group. The transaction marks the second Lithuanian acquisition and the fourth acquisition by the fund. The fund holds Tallinn SEB HQ and VIA 3L logistics hub in Tallinn, Estonia as well as a last mile logistics and distribution facility in Vilnius, Lithuania, and targets at least EUR 400 million in total fund size.
The asset is a recently renovated 6,500 m2 last