Investments in commercial property in Lithuania grow rapidly
Lithuanian commercial property investment market is gaining momentum. One more high-value, major transaction was finalised in Q2 2013. This has further improved the indicators in the sector and signals that investors are regaining trust in local markets. In May 2013, Lords LB Baltic Fund III, for an undisclosed price, acquired 100% of the shares of SMI Lietuva and its subsidiaries and 100% of the shares of SMI Latvia. SMI Lietuva and SMI Latvia control 8 shopping centres in Lithuania (in Klaipėda, Šiauliai, Marijampolė and Alytus) and Latvia (in Riga, Liepaja and Jelgava) and a warehouse in Riga. The total area of the acquired shopping centres in Lithuania is nearly 44,000 sqm.
Over the first half of this year, 5 investment deals, with a total investment value of approximately EUR 124 million, were finalised in Lithuania (these include direct, indirect and forced acquisitions of modern office, retail or warehousing/production premises with a value of over EUR 1.5 million). This is a 193% (nearly threefold) increase compared to the whole of 2012. The total area of properties acquired is 126,500 sqm.
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Lithuanian commercial property investment market is gaining momentum. One more high-value, major transaction was finalised in Q2 2013. This has further improved the indicators in the sector and signals that investors are regaining trust in local markets. In May 2013, Lords LB Baltic Fund III, for an undisclosed price, acquired 100% of the shares of SMI Lietuva and its subsidiaries and 100% of the shares of SMI Latvia. SMI Lietuva and SMI Latvia control 8 shopping centres in Lithuania (in Klaipėda, Šiauliai, Marijampolė and Alytus) and Latvia (in Riga, Liepaja and Jelgava) and a warehouse in Riga. The total area of the acquired shopping centres in Lithuania is nearly 44,000 sqm.
Over the first half of this year, 5 investment deals, with a total investment value of approximately EUR 124 million, were finalised in Lithuania (these include direct, indirect and forced acquisitions of modern office, retail or warehousing/production premises with a value of over EUR 1.5 million). This is a 193% (nearly threefold) increase compared to the whole of 2012. The total area of properties acquired is 126,500 sqm.
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