Oslo, 23rd of July 2021 – Baltic Sea Properties AS (“BALT” or “the Company”, and together with the Company’s subsidiaries, “BSP”) refers to the Oslo Stock Exchange release and information on the 28th of May 2021, regarding the MOU to expand the partnership with Delamode Baltics, concerning an expansion of the cross-docking facility on the outskirts of Vilnius, Lithuania.
The Company has signed an agreement to expand the facility with approx. 4,780 m2. Handover of the expanded area is expected during the summer of 2022. Upon completion, the total leasable area of the terminal will be approx. 13,200 m2. Delamode Baltics has further agreed on a new 12.5-year lease term, starting from the completion of the expansion.