TGS Baltic advised a subsidiary of SUTNTIB AB Tewox on the acquisition of two Lidl store buildings from UAB Lidl Lietuva.
AB Tewox, a special closed-end real estate investment company and client of TGS Baltic, finalised the acquisition of two Lidl store buildings from UAB Lidl Lietuva through a leaseback transaction.
A subsidiary of SUTNTIB AB Tewox acquired the stores located in Jurbarkas (Dariaus ir Girėno St. 83) and Panevėžys (Klaipėdos St. 109), each with an area of approximately 2,000 sq. m. The buildings are subject to long-term lease agreements with UAB Lidl Lietuva.
TGS Baltic lawyers, including partner Dainius Stasiulis, chief expert Simas Paukštys, and senior associate Laurynas Kontenis, provided full-scope legal advisory services to the buy-side.
