Sale development position in Palanga (Lithuania)

After the necessary preparations, the development position held in Palanga (Lithuania) was sold to a local developer last week. The project involved the development, sale and construction of 62 apartments, located near (within walking distance of) the beach of the Baltic Sea. After a number of years – in which two crises have been faced – this development has been sustained, it was decided to leave the further development and construction to a local development company.