Transaction advisory for BIG Klaipeda shopping centre

10Jul

Our Lithuanian team has recently advised Laurus S. à r.l., managed by Northern Horizon on the largest commercial real estate transaction to date in Klaipeda, Lithuania – the sales transaction of BIG Klaipeda shopping centre.

The property was acquired by investment company „Westerwijk properties“. Sales price and yield are confidential.

The property, situated at Taikos 139,  was built in 2004 and has approx. 16’400 m2. of GLA, 19’920 m2. of GBA and open air parking lot for approx. 500 cars. The anchor tenants are RIMI, Sportsdirect and CCC shoes.