We advised Lidl Lietuva on the sale and long-term leaseback for two newly built stores in Lithuania.
1,979 sq. m store in Jurbarkas and a 2,312 sq. m store in Panevėžys were acquired by Tewox. The acquisition was financed with a EUR 6.7 million loan from Luminor Bank.
Tewox acquired the store buildings along with long-term lease agreements. Lidl will continue to lease and operate the stores, while the proceeds from the transaction will be allocated toward further expansion of the retail network.
During the conclusion and completion of the transaction, our team ensured that all agreements complied with best market practices, providing maximum protection for Lidl Lietuva‘s business interests. This asset management model will grant the client greater financial flexibility and allow for capital reallocation toward further business expansion.
Our team and services
Our team, including partner Simonas Skukauskas, as well as senior associates Daiva Čekanavičienė and Julius Raškauskas, advised the client on all legal matters related to the transaction, including transaction structuring, contract drafting, consulting on store development matters, and representing the client’s interests in negotiations with the investor.
