Estonia's Capital Mill to invest EUR 3.3 mln in Rimi store renovation in Vilnius
2017-03-31, 09:59
Published in
Economy
BFL / Vygintas Skaraitis
Estonian-owned real estate investment management company Capital Mill plans to invest 3.3 mln euros in a major renovation of a Rimi store in Vilnius, with YIT Kausta, a leading Lithuanian building company, expected to complete the work by late September. "Renovation of commercial buildings in Lithuania is stagnating compared with the robust growth in the office segment," said Marko Kull, a partner at Capital Mill. "Following the reconstruction, the Rimi store will change its format to become a Hyper Rimi," he said. Capital Mill is investing in commercial real estate projects in Estonia, Latvia and Lithuania. The company has invested 350 mln euros in the Baltic countries, with a fourth of the money invested in Lithuania.
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