{"id":4624,"date":"2025-12-22T11:32:11","date_gmt":"2025-12-22T09:32:11","guid":{"rendered":"https:\/\/www.sirin.eu\/?p=4624"},"modified":"2025-12-22T11:37:06","modified_gmt":"2025-12-22T09:37:06","slug":"swedbank-provides-e17-million-in-financing-for-the-expansion-of-the-liepkalnis-logistics-park","status":"publish","type":"post","link":"https:\/\/www.sirin.eu\/en\/swedbank-provides-e17-million-in-financing-for-the-expansion-of-the-liepkalnis-logistics-park\/","title":{"rendered":"Swedbank provides \u20ac17 million in financing for the expansion of the Liepkalnis logistics park"},"content":{"rendered":"\n<p><strong>Swedbank and real estate development company Sirin Development have signed a \u20ac17 million financing agreement. The investment will be used for the expansion of the SIRIN Park Liepkalnis logistics park, where two additional modern buildings will be constructed to meet the needs of growing businesses.<\/strong><\/p>\n\n\n\n<p>In Liepkalnis, at Liepkalnio St. 172, Sirin Development manages one of the largest logistics parks in the Baltic States. Currently, four buildings with a total area of 90,000 sq. m have already been constructed on a 17-hectare site. The two newly financed buildings will increase the space managed by Sirin Development by an additional 41,000 sq. m. Construction is scheduled to be completed in autumn 2026.<\/p>\n\n\n\n<p>\u201cThis is a continuation project. We have been financing the park\u2019s development since 2018. Once this expansion phase is completed, Swedbank\u2019s total financing for the Liepkalnis logistics park will reach \u20ac43 million, and the financed premises area will grow to -approximately 100,000 sq. m. We are pleased to contribute to sustainable and market-relevant real estate development &#8211; a significant share of the newly constructed buildings has already been leased, even though construction is only just beginning,\u201d says Martynas Trimonis, Head of Real Estate, Energy and Infrastructure Clients Division at Swedbank.<\/p>\n\n\n\n<p>All SIRIN Park Liepkalnis buildings are certified with A++ energy efficiency class. Renewable energy sources are used, and smart building management systems are implemented to save water and heat and reduce environmental impact.<\/p>\n\n\n\n<p>\u201cWe rely on experience gained across the Baltic region and apply global standards, which allows us to clearly understand what the capital needs &#8211; convenient and sustainable business infrastructure. Liepkalnis currently attracts businesses that value speed and efficiency. Our long-term partnership with Swedbank enables us to strengthen these advantages and develop a long-term business ecosystem,\u201d says Laurynas Kuzavas, CEO of Sirin Development.<\/p>\n\n\n\n<p>Swedbank also finances several other Sirin Development projects in Latvia and Estonia. The total amount of loans granted by Swedbank to the company for development in the Baltic States reaches \u20ac90 million, and the total area of buildings financed through these investments will amount to 240,000 sq. m.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Swedbank and real estate development company Sirin Development have signed a \u20ac17 million financing agreement. The investment will be used for the expansion of the SIRIN Park Liepkalnis logistics park, where two additional modern buildings will be constructed to meet the needs of growing businesses. In Liepkalnis, at Liepkalnio St. 172, Sirin Development manages one [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":4625,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[5],"tags":[],"class_list":["post-4624","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Swedbank provides \u20ac17 million in financing for the expansion of the Liepkalnis logistics park - Sirin<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.sirin.eu\/en\/swedbank-provides-e17-million-in-financing-for-the-expansion-of-the-liepkalnis-logistics-park\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Swedbank provides \u20ac17 million in financing for the expansion of the Liepkalnis logistics park - Sirin\" \/>\n<meta property=\"og:description\" content=\"Swedbank and real estate development company Sirin Development have signed a \u20ac17 million financing agreement. 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