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As reported, the main tenants of the center are already free: 7 thousand. The square meters will be occupied by the “Maxima” store, and 13.4 thousand. Ermitažas, a shop for household goods and building and finishing materials, will be located in the area of square meters. In addition to these large tenants, there will be other companies that will offer essential goods and services.
“The Western Bypass is becoming a major artery of urban life, access to which is gradually filling important commercial and commercial objects. More recently, Luminor announced the financing of the Vilnius Outlet shopping center and today we announced an agreement with the developers of the GB project. Group in the northern part of the bypass.
Although the retail sector and the commercial real estate rental market are considered vulnerable, the facility’s main tenants operate in the food and household goods market. It is these segments that demonstrate resistance to changes in consumer behavior inspired by the pandemic and quarantine, ”said Gediminas Kesminas, manager of real estate projects at Luminor.
Viewing a shopping center near Western Bypass
© Company archive
According to him, Luminor has been cooperating successfully with GB Group for more than 5 years.
“After long and careful preparation, the process started successfully, so we hope that the work will continue as planned,” said Živilė Žygienė, project manager at GB Group. “Already developing the concept of this shopping center, we decided not to build another entertainment center, but to focus on essential goods and services, convenient and fast shopping.”
The shopping center will be equipped with 600 parking spaces, the developers intend to install a convenient access road infrastructure and build a viaduct.
The mall is expected to open early next year.
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