🇱🇹 Real Estate | Retail
Tewox completes €8m retail park project in Utena
Investment company AB Tewox has completed an €8 million retail park in Utena, Lithuania.
The first tenant, grocery chain IKI, starts operating on 12 December. Sinsay and Žalia stotelė are expected to open shortly.
Key facts:
Total leasable area: ~3,200 sqm
Developer: UAB Janonio 27, managed by AB Tewox
One of Tewox’s first active development projects to become operational
Three additional projects across Lithuania planned to open in H1 2026
Context:
Mid-sized retail parks remain one of the most resilient commercial real estate formats in regional Lithuania, combining grocery anchors with non-food tenants.