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2018-11-29  10:19

CIJ Baltics

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Investment in Lithuania commercial real estate reaches all time high.

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According to Ober-Haus, in the first 11 months of 2018 more than €330m has been invested in to Lithuanian commercial real estate. This is a record high, and with more than a month still remaining, this figure is expected to grow to as much as €350m. This is the second consecutive year that this total has increased, with last year's figure being €312m. Of this total more 52 percent of investment was in retail space, 40 percent office space, and 8 percent production and storage space. The biggest deal of 2018 so far has been the €124.6m paid by South African real estate company NEPI Rockcastle for the Ozas shopping center.

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