NIB finances energy efficient commercial buildings in Lithuania

The Nordic Investment Bank and the Lithuanian commercial real estate company UAB Baltisches Haus have signed a €10 million loan agreement for financing investments in commercial properties in the country.

The five-year loan will finance the construction of commercial properties hosting supermarkets, pharmacies and other services in small and mid-size towns.

The total area of the buildings is estimated to be 14,100 square metres. The new stores will be more energy efficient and provide better environment for both tenants and customers. Part of the financing will also be directed towards infrastructure development, including streets, bus stations, crossroads or road junctions that will be handed over to local municipalities after completion.