AB Tewox Completes €5M Vilnius Grocery Store, Expands Retail Portfolio
Event summary
- AB Tewox subsidiary UAB Janonio 27 completed a €5M grocery store in Vilnius, leasing it to Iki on March 5, 2026.
- The 1,780 sq. m property marks the first of five planned stores in Lithuania this year, totaling over 10,000 sq. m of leasable space.
- Iki begins operations immediately upon completion, securing long-term occupancy.
The big picture
AB Tewox is doubling down on retail real estate, a strategic pivot from its investment roots. The €5M Vilnius store signals confidence in Lithuania's grocery sector amid rising demand for modernized retail spaces. With five more stores planned this year, the company is positioning itself as a key player in regional commercial development.
What we're watching
- Portfolio Growth
- Whether AB Tewox can sustain this pace of retail development across Lithuania in 2026.
- Lease Stability
- How long-term Iki occupancy will impact AB Tewox's revenue predictability.
- Market Expansion
- The pace at which AB Tewox scales beyond Vilnius into other Lithuanian regions.