Tewox Acquires Two Lidl Store Buildings in Lithuania
Deal News | Apr 10, 2025 | CEE Legal Matters
TGS Baltic has facilitated a significant real estate transaction by advising a subsidiary of Sutntib Tewox in its acquisition of two Lidl store buildings in Lithuania. These store locations, situated in Jurbarkas and Panevezys, represent a strategic real estate investment and amount to 2,000 square meters each. The acquisition was conducted through a leaseback agreement with Lidl Lietuva. The legal support was provided by the TGS Baltic team, led by Partner Dainius Stasiulis, along with Chief Expert Simas Paukstys and Senior Associate Laurynas Kontenis. Efforts to garner further insight from TGS Baltic about this transaction were unsuccessful as they did not respond to inquiries.
Sectors
- Real Estate Investment
- Legal Advisory
- Retail
Geography
- Lithuania – The transaction took place in Lithuania, where the Lidl store buildings are located.
Industry
- Real Estate Investment – The article involves the acquisition of retail buildings, which is a core activity in the real estate investment industry.
- Legal Advisory – TGS Baltic provided legal advisory services to Sutntib Tewox in facilitating the acquisition, indicating the relevance of this sector.
- Retail – The acquisition concerns store buildings of a retail company, Lidl, indicating involvement in the retail sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Sutntib Tewox | Buyer | Company | A special, closed-end real estate investment company involved in the acquisition. |
| Lidl Lietuva | Vendor | Company | The selling company that is part of the global Lidl retail group. |
| TGS Baltic | Legal Advisor | Company | A law firm that advised on the transaction. |
| Dainius Stasiulis | Partner | Person | A partner at TGS Baltic involved in the transaction. |
| Simas Paukstys | Chief Expert | Person | A chief expert at TGS Baltic involved in the transaction. |
| Laurynas Kontenis | Senior Associate | Person | A senior associate at TGS Baltic involved in the transaction. |