NOOR continues its successful work with operators of Lithuanian free economic zones. This time we worked with Panevėžys FEZ management company and advised the client on transaction with another large scale investor – AQ Wiring Systems. We are happy for the client who managed to attached such investor into Panevėžys FEZ. Cable harness manufacturer AQ Wiring Systems will construct ~17,000 sq.m. building and will create up to 1,500 jobs in Panevėžys FEZ. Anticipated scale of investment and number of new jobs are vital for Panevėžys region to retain its competitiveness with other Lithuanian regions.
Real Estate and Construction team advised our client Panevėžys FEZ management company on all the FEZ regulatory and investment incentive matters, and also represented the client in negotiations with the investor regarding conclusion of the agreements on settling and performance of the activity in the Panevėžys free economic zone.
For more information please see here.