TGS Baltic advised Akropolis Group, UAB in negotiations with UAB Mitnija on the renovation of Akropolis in Vilnius

22
01 / 19

TGS Baltic team of the Property Development and Investments industry group, led by Partner Dainius Stasiulis, advised Akropolis Group, UAB in negotiations with UAB Mitnija on the renovation of the shopping and entertainment centre Akropolis in Vilnius.

The transaction value is confidential, however Akropolis intends to invest EUR 14 million in renovation. It is expected that around 13,000 sq. m of common and 36,000 sq. m of commercial areas of the centre – in total almost a half of the area of the building – will be renovated until November, 2019.

Akropolis Group, UAB manages companies developing Real Estate projects and provision of lease services in Lithuania, Latvia, Estonia, and Bulgaria. Akropolis Group, UAB is part of the holding company, Vilniaus Prekyba, controlling retail and pharmacy chains and companies developing Real Estate projects and provision of lease services in the Baltic States, Sweden, Poland, and Bulgaria.