This post was automatically translated into English
SEB Bank provided a loan of LTL 11 million for the implementation of real estate projects of the Eika group of companies in Vilnius.
SEB Bank has granted a loan of 11 million litas to the Eika Group of Companies for the implementation of real estate projects in Vilnius. The Eika Group of Companies will allocate almost 7 million litas of the granted loan for the construction of low-rise residential buildings in the district“Santariškių namai”, and a little more than 4 million litas in loans for the construction of a new nine-story apartment building in Pilaitė.
““As the demand for new construction apartments grows, we are participating in the implementation of promising real estate projects and increasing the supply of high-quality new housing. We have been cooperating with the Eika group of companies with many years of experience for a long time, so we continue the partnership by further financing the projects developed by the company in Vilnius,” says SEB Bank Deputy President and Director of Business Banking Aivaras Čičelis.
This year, Eika will invest 21 million litas in the development of the low-rise settlement “Santariškių namai”. The largest part of the investment will go to the construction of the first energy class A apartment building, which has already begun. By 2015, it is planned to build about 200 new apartments, a shopping and service center in “Santariškių namai” and complete the construction of the entire settlement, which will house about 1,150 families.
The company will invest more than 20 million litas in the construction of apartment buildings and a shopping center in Pilaitė this year. Currently, a nine-story 71-apartment building and a 5,000-square-meter shopping center “Norfa” are being built in Pilaitė, which will open its doors this spring. By 2015, “Eika” plans to build a total of 250 new apartments in Pilaitė.
In total, Eika will invest LTL 45 million in real estate development in 2014. This year, the group of companies will begin implementing new residential projects in Vilnius – Jeruzalė and Bajorai.
More information:
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Arvydas Zilinskas
Head of Media Relations at SEB Bank
Tel. (8 5) 268 1198, 8 687 04 052
Email [email protected]
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Dom Dargis
Eika Development Director
Phone: (8 5) 251 42 53
Email [email protected]
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About the Eika Group of Companies
Founded in 1992, the company “Eika” is one of the largest real estate development and construction groups in Lithuania. The group of companies consists of: UAB “Eika” – a leader in the real estate market, valued for its innovation, reliability and responsibility; UAB “Eikos statyba” – a construction company with extensive experience in the construction and renovation of administrative, public, commercial, industrial and residential buildings.
About SEB
SEB is a leading Nordic financial services group. As a long-term customer relationship bank, SEB advises customers on financial matters and provides them with universal financial services in Sweden and the Baltic countries. The core business areas of the SEB group’s banks in Denmark, Finland, Norway and Germany are business and investment banking services for corporate clients and institutions. The SEB group employs approximately 17 thousand people. Read more about SEB www.sebgroup.com.