German retailer Lidl opens 15 stores in Latvia
German retailer Lidl opens 15 stores in Latvia
Real Estate Transactions
2021 — 10 — 07

The European retailer Lidl has launched its operations in Latvia with simultaneous openings of 15 stores across the country. Lidl opened stores in Rīga, Liepāja, Ventspils, Tukums, Jelgava, Ogre, Valmiera, Jēkabpils, Rēzekne and Daugavpils.

The company has invested over 200 million euros in the construction of 15 stores and a regional logistics center, and local infrastructure improvements. The new buildings are energy efficient and have achieved EDGE green building certification.

COBALT is proud to have assisted Lidl group entities at various stages of the process in connection with acquiring real estates, development of multiple retail locations, the regional logistics center and advising on various commercial and regulatory matters. COBALT team included Managing Partner Dace Silava-Tomsone, Partner Toms Šulmanis, Specialist Counsel Sergejs Rudāns and Sabīne Vuškāne, Senior Associates Kristine Patmalniece and Ivo Maskalāns, Associates Juta Meimere, Marija BerdovaArtūrs Valderšteins, Sabīne Zaula and Dita Buša