SEB Bank has reached an agreement with the EIKA group of companies to extend financing for the EIKA Business Center (hereinafter EVC) and the Pupa shopping center managed by the group. The loan is extended for three years.
“We view SEB as a long-term partner who trusts the sustainability of our operations even in such an uncertain period. The extension of financing agreements during this pandemic period is a positive step in a stagnant market, allowing us to be optimistic about the market recovery,” says Domas Dargis, CEO of EIKA.
“Although real estate is one of the sectors most affected by the pandemic, we are pleased that by agreeing to extend the loan portfolio with one of the market leaders, the EIKA group of companies, we are not only contributing to their successful strategy to further develop sustainable and innovative commercial and residential projects, but also demonstrating continued confidence in the long-term prospects of this sector,” says Vilius Juzikis, Member of the Board of SEB Bank, Director of the Business Banking Service.
EVC is a top-level business-class office complex with a total area of more than 15,000 sq. m. in the Business Triangle on Goštauto Street, consisting of modern 12-story “twins” with a connecting 3-story building.
PC “Pupa” has about 40 operators: grocery stores, cosmetics stores, shoe stores, as well as post offices and banks, a pharmacy, a restaurant, etc. Customers can find an optimal selection of goods and services here. A 115-space parking lot is located next to the shopping center. Currently, this shopping center is fully leased and operational.