The Depo store on Ukmerges gatve exceeds 21,000 square meters, including administrative premises, and has more than 450 parking spaces nearby. Depo DIY store in Ukmerges gatve is the second largest Depo DIY store in Vilnius. Another 30,800 square meter large Depo store is located near the Vilnius Garjūnu Market.
According to Depo, as the result of the transaction, Corum is the new owner of the premises of the Depo store located on Ukmerges gatve in the Lithuanian capital. The two parties signed a long-term lease agreement at the same time as the sale. Depo has entrusted the attraction of investors and coordination of the transaction process to the team of Colliers Baltics, while the law firm Cobalt represented the investment fund in this transaction.
The transaction amount is not disclosed.
Corum is one of Europe's leading real estate funds with assets under management of more than EUR 2 billion.
There are already five Depo DIY stores in Lithuania - two stores in Vilnius, and one in each Klaipeda, Panevezys and Kaunas.
LR Capital is a professional and dedicated private equity investment and management company with a focus on long-term investments in Latvian and Baltic companies.
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