Complex financing: Hegelmann Group logistics centre construction

Although the group has been operating for 25 years, the logistics centre and its construction represented a new area of focus. Therefore, meticulous preparation was carried out for the construction of one of the largest logistics centres in the Baltic States, covering an area of 20,200 square meters. The construction was planned in four stages, and accordingly, the financing was divided into four phases, lasting over three years. The total amount of financing was EUR 20 million.

"We are delighted that the bank understood and considered our needs. Mutual understanding, smooth collaboration, and planning allowed us to complete the construction on time and launch it successfully," says Tomas Jurgelevicius, General Manager of Hegelmann Transporte.

"Complex financing requires commitment, continuity, and consistency from the bank's side, as well as constant collaboration with the client. We are grateful to the Hegelmann team for their trust and long-standing partnership," says Martynas Urbsys, Head of Corporate Banking at OP Corporate Bank Lithuanian branch.

"This was one of the longest-running financing projects of our bank in Lithuania. Each stage of the logistics centre construction was financed through separate loans. After the completion of the construction, all loans were consolidated into one," explains Arturas Kveinys, the project's Relationship Manager.

The logistics centre emerged at a favourable time when the demand for warehouse space in the market exceeds supply. After the pandemic, businesses tend to hold more extensive stocks of raw materials and goods and store them closer to production sites, aiming to manage the risk of disrupted supply chains.