We advised the French sports goods chain Decathlon on concluding an agreement with real estate development company Galio Group on the construction and lease of a new store in Klaipėda.
This will be the third Decathlon store in Lithuania – the company opened a store in Vilnius in 2018 and agreed the lease of a new store in Kaunas in November 2020. In total, the chain has more than 1,500 stores in Europe, North and South America, Africa and Asia.
New store to be opened in 2022
It is planned that the new store will be opened in 2022. Galio Group intends to invest EUR 3 million in the 2,800 m2 store.
Our services and project team
Senior associate Karolis Kunigėlis advised the client on all transaction-related issues and represented the client in negotiations.
