This year, Baltisches Haus, one of the largest RE development and management companies in Lithuania, plans to invent €15-18 million into new and ongoing projects, an increase of 20–40% on 2018.
“A major part of the €13 million investment made last year went to the construction of a complex in Vilnius Old Town, Bokšto g. 6. This building should be occupied by offices, restaurant and a spa. We intend to invest the most into this project in 2019. In addition, we plan to implement several shopping centre projects.” – Audrius Masionis, Director of Baltisches Haus, says.
Currently, the Baltisches Haus portfolio includes approx. 260,000 m2 of commercial real estate projects in 39 Lithuanian cities, most of which are shopping centres. At the beginning of the year, Baltisches Haus expanded its portfolio by adding a health care service centre which opened in Vilnius micro-district Antakalnis.
For more information about the plans for 2019 of Baltisches Haus and other RE developers you can read this article in Verslo žinios: https://goo.gl/dhF6Ta