Baltic Sea Properties (BALT) signs lease agreement with UAB Krasta Auto for new BMW dealership in Klaipeda
Norway, Feb. 18 -- Liep? Parkas - subsidiary project of Baltic Sea Properties AS (BALT) - has entered into a long-term lease agreement with UAB Krasta Auto (part of Inchcape Group) for a 2,475 sqm A++ commercial building in Klaip?da. The 10-year lease agreement, based on triple-net principles, marks the second stage of the 16,000 sqm business and retail park, Liep? Parkas. The property will be certified under the BREEAM sustainability rating scheme and designed to incorporate renewable energy production. Total estimated investment with land and allocated infrastructure of stage 2 is approximately 4.8 mEUR (53 mNOK) and expected handover and opening of the dealership is scheduled for January 2026. Upon completion of two of four stages, the t...
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