Newsec represents LIDL Lietuva in selling 4 stores with leaseback agreements

Newsec represents LIDL Lietuva in selling 4 stores with leaseback agreements

Newsec, a leader in investment transactions in the Baltic States, continues its partnership with the retail company Lidl Lietuva. The company will offer investors to acquire four store buildings currently under construction, which will house Lidl stores. The properties, which are expected to be completed in 2024, will be sold with leaseback agreements.

According to Newsec, the properties will be very attractive to investors due to the very strong Lidl brand and the company’s success in the market, which is why they are expected to attract interest not only from Lithuanian but also from international investment companies.

“We are confident that the opportunity to acquire all four stores as a portfolio will motivate foreign investors,” says Monika Nedzinskaitė, Senior Advisor, Transactions at Newsec. According to Andrius Švolka, Head of Transactions in the Baltics, the popularity of retail stores as an investment product has been growing in recent years.

“We are actively continuing our expansion in Lithuania by building new stores in various cities across the country. In 2024, we will also open our second logistics center in Vilnius. We aim to be as close to our customers as possible. Attracting investors to our store buildings will enable us to further accelerate our expansion strategy,” says Marius Kybartas, Head of Central Services and Member of the Board at Lidl Lietuva.

The four Lidl stores set to open in 2024 will follow the retail chain’s usual format, covering an area of 2.2 to 2.3 thousand square meters. The store buildings will be sold to investors together with long-term leaseback agreements.

Newsec, known for its market-leading experience in managing investment transactions, brokered the sale of a portfolio of 17 leased shops last year.