TGS Baltic assisted with the merger of a modern and functional warehousing and logistics park SIA Olaines Logistics Parks into the holding company SIA Olaines Logistics owned by United Partners Property OÜ via UPP Olaines OÜ.
The purpose of the merger was to ensure simplification of the group structure and management, and increase efficiency of use of administrative resources.
SIA Olaines Logistics Parks complex is a modern storage place consisting of two buildings with high-class warehouse and office space. The complex is equipped with adequate technological infrastructure and security systems. The total area of the complex is 37,000 square metres, and the premises can provide all the most important temperature regimes for storing food and other products.
The warehouse and logistics park is located in a very advantageous place with a developed transport infrastructure and flexible logistics solutions. It is perfect for distributing products in the Baltic States.
On 21 December 2017, United Partners Property OÜ received EUR 21,28 million for financing of acquisition of SIA Olaines Logistics Parks.
The merger was registered on 22 January 2020.
TGS Baltic team consisting of partner Sandis Petrovičs and associate Alīna Lepere ensured full transactional support to SIA Olaines Logistics group.