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International Internet Magazine. Baltic States news & analytics Sunday, 04.05.2025, 05:25

Linstow investments in Baltics – about EUR 500 mln

BC, Riga, 05.11.2014.Print version
The total amount of investments in the Baltic countries made by Linstow Center Management (Linstow), the developer of "Galactico" supermarkets, could have amounted to about EUR 500 million, Linstow project director Andis Kublacovs said at the Nordic-Baltic Business Forum 2014, cites LETA.

He stressed that this could be the total amount of investments made by Linstow since end-1990s, when the Norwegian company entered the Baltic region.

 

Kublacovs also said that Linstow plans to invest in expanding its chain of supermarkets in Latvia during the coming four to five years.

 

According to the company's development plan for 2014-2017, Linstow plans to invest about EUR 40 million in expanding the "Alfa" shopping center.

 

In 2015-2018, the company plans to invest about EUR 50 million in expanding the "Origo" shopping center.

 

Kublacovs revealed that in the coming years, Linstow plans to expand floor space for supermarkets by 100,000 square meters. Linstow currently manages supermarkets with floor space of about 250,000 square meters in the Baltic States.





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