Estonians buy and sell in Lithuania
Investment & financeE.L.L. Kinnisvara continues as a shareholder in the Spice and Spice Home shopping centres in Riga, Panorama in Vilnius and Viru Keskus in Tallinn; the company´s portfolio includes also Delta Plaza and Sõpruse Ärimaja office buildings in Tallinn as well as L3 in Vilnius . E.L.L. Kinnisvara also holds shareholdings in three hotels in Tallinn. The company has started development on the Narbuto 5 office building in Vilnius, and it is in the preparation stage for launching the extension of the Spice Home centre and the development of Spice and Skanstes office buildings in Riga.
The Saulės Miestas shopping centre in central Šiauliai is visited by 7.35 mln customers annually, and last year’s net revenue was 31 mln euro, according to the owner. The centre offers access to 110 stores and close to 10 food points. The Sun Terrace on the roof is visited by almost half a million people each summer. The centre, opened in 2007, is the first one in Lithuania to house an integrated downtown bus terminal. Of the almost 800 parking places in the centre, the majority is located in the parking house. The gross area of the centre amounts to 50,000 sqm with the parking floors, there is approximately 20,000 sqm of sales space and the main tenants include Rimi, New Yorker, Sportland, Reserved, Takko Fashion, Deichmann, House, Cropp Town, Euronics and Monton.
After MIPIM 2024: cautious optimism and new trends
After MIPIM 2024: cautious optimism and new trends
Avison Young
A tentative, moderate optimism was noticeable in the mood at MIPIM. There was a lot of talk about Poland in the context of a stable, economically strong market, providing good cond ...
A queue for residential plots
A queue for residential plots
Walter Herz
Recently, there have been major changes on the investment land market. The expectations of plot owners are still high, however nowadays, buyers are willing to pay more for plots th ...
Waiting for cheaper money
Waiting for cheaper money
Walter Herz
In 2023, Polish investment market, like foreign markets, saw low investor activity. The value of investment volumes in all real estate sectors was much lower than in previous years ...