Commercial real estate declines

  • 2013-03-06
  • From wire reports
VILNIUS - In 2012, the volume of investment transactions in Lithuania’s commercial property sector continued shrinking as more modest results were observed than in previous years, Ober Haus said, reports ELTA.Last year, a total of 4 larger investment deals were concluded in Lithuania, as a result of which a total area of nearly 44,000 sqm of modern commercial premises with a total value of 41 million euros were acquired.The area of the acquired premises is half that of 2011 and the value was down by 43 percent The largest transaction in 2012 was the sale of the shopping cen...
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