4 Lidl retailer buildings have been purchased by the fund: meals shops assure stability | Enterprise

The store buildings are acquired by a fund managed by DIFF Belongings along with long-term leaseback agreements. All of them will likely be leased and operated by Lidl, and the corporate will use the obtained funds to finance the additional growth of the shop community.

Vita Žutautaitė, director of DIFF Belongings, notes that investments in Lidl retailer buildings are consistent with the corporate’s technique to spend money on actual property objects which are dependable and generate most returns.

“Investments in these objects guarantee DIFF Belongings’ long-term cooperation with the dependable and efficiently growing firm Lidl in Lithuania, and on the similar time – a secure return for our traders,” says V. Žutautaitė.

“We’re persevering with our growth in Lithuania, constructing new shops in varied cities of the nation. Attracting an investor to retailer buildings will enable the obtained funds for use to proceed the corporate’s growth technique in Lithuania,” says Marius Kybartas, head of Lidl Lietuva’s Central Service and member of the board.

Actual property consulting firm Newsec brokered the sale of those Lidl retailer buildings.

Tadas Jonušauskas, head of SEB Financial institution’s Enterprise Banking Service, says that the financial institution positively assesses the financing of actual property for retail commerce, as meals retail commerce is likely one of the most secure enterprise sectors in the long run.

“Calculations of our enterprise analysts present that the retail sale of meals merchandise confirmed a formidable 8.1 % final 12 months. development. Within the first quarter of this 12 months alone, in comparison with the identical interval final 12 months, the expansion of the sector reaches 5.7 %. Due to this fact, high-quality actual property for this phase generates secure money flows and makes this property enticing for financial institution financing and to make sure a secure return for traders,” says T. Jonusauskas.

The Lidl retailer in Molėtai was opened on June 10 on the handle Aplinkkelio str. 163B, subsequent to the principle highway Vilnius-Utena. It corresponds to the standard format of this purchasing chain, the shop space reaches 2.2 thousand sq. meters. sq. m. At the moment, there are 73 Lidl shops in 28 cities of the nation.

Funds managed by DIFF Belongings spend money on residential actual property and income-generating industrial actual property. Among the many objects by which “DIFF Belongings” invested – neighborhood life (eng. co-living) initiatives “Liv_in Vilnius Ozas” and “Liv_in Vilnius Newtown”, the Bastioni housing block within the middle of Klaipėda, the condo constructing undertaking “Parko pakrantė” in Klaipėda, and so on. initiatives. Originally of this 12 months, the fund managed by “DIFF Belongings” bought the previous ERGO central workplace constructing in Vilkpėda, the place it plans to construct fashionable administrative and lodge buildings.