Lidl and Depo jack up commercial lease sector

  • 2017-03-22
  • Luke Juggernaut
In 2016, the development of the commercial premises sector on the whole country’s scale was somewhat enlivened by new market players – the German retail chain Lidl and the Latvian retail chain Depo specialising in construction materials and household goods. However, in recent years, any active development of new commercial buildings has only been observed in the two largest Lithuanian cities, i.e. Vilnius and Kaunas. The development of commercial properties in the other cities and towns of the country remains fairly slow and does not show signs of any sustainable recovery. This ...
 
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