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Lidl Lietuva sells and leases back two new stores
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 […]
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Largest Baltic deal of this decade: Salling Group agrees to acquire RIMI Baltic
Salling Group, the largest retailing group in Denmark, agreed to acquire RIMI Baltic which operates retail chains in Latvia, Lithuania and Estonia. With a valuation of EUR 1.3 billion, this marks the largest Baltic transaction during this decade. Sorainen partner Laimonas Skibarka comments: “This will be one of the largest investments in the Baltics to […]
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LIDL sells and leases back 4 retail stores
We are advising LIDL Lietuva on signing sales agreements and long-term leaseback agreements for 4 retail stores. The company will continue its retail operations Lidl store in Molėtai opened on 10 June on the Vilnius-Utena highway. Other stores are under construction and are expected to be completed soon. LIDL Lietuva will continue its retail activities […]
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NT plėtros grupė sells an exclusive project in Stoties district
We advised NT plėtros grupė, an open-ended investment fund for informed investors, on selling a project together with a land plot and buildings in the Vilnius Stoties district. The project was sold to a closed-end investment company, KŪB PARTNERSHIP I, managed by UAB Eika Asset Management. The company intends to develop an exclusive apartment complex, […]
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Lords LB Asset Management to develop the new business centre in Vilnius
We advised the Right Bank Development Fund, a real estate fund managed by Lords LB Asset Management, on the development of a class A office project in Konstitucijos Avenue, Vilnius. The site at 14A Konstitucijos Ave. is planned to be developed into a 7-story office building with an area of over 19,000 sq m, with […]