This post was automatically translated into English
SEB Bank has granted a LTL 16.3 million loan to the EIKA group of companies, which is intended for the development of residential quarters in Vilnius.
SEB The bank has granted a 16.3 million litas loan to the EIKA group of companies for the development of residential areas in Vilnius. The loan will be used for the construction of an apartment building and a multi-storey car park in Pilaitė, as well as low-rise apartment buildings and cottages in Santariškės.
“We aim to develop long-term, trust-based partnerships with companies that have closely cooperated with the bank during both economic booms and recessions. As the crisis subsides, we are closely monitoring the situation in the real estate market and providing financing for promising residential construction projects that meet today’s realities,” said Aivaras Čičelis, Deputy President and Director of the Business Banking Service of SEB Bank.
It is planned that this year “Eika” will invest a total of about 10 million litas in the development in Pilaitė, which will be allocated to the construction of a new nine-story apartment building and a multi-story parking lot with 520 spaces. Currently, a 42-apartment apartment building is being completed in Pilaitė, and last week a nine-story building with 71 apartments was completed and declared suitable for use.
This year, “Santariškės namai” plans to invest 18 million litas in the development of a low-rise settlement near Verkiai Park. Currently, a 30-apartment apartment building and innovative cottages are being completed in Santariškės. This year, the construction of the “Gilių” quarter has also begun. The “Gilių” project is distinguished by the fact that all apartments in these houses will have spacious areas of up to 45 m2 terraces of area or up to 9 m2 area balconies. The block has been designed to have 190 apartments, the area of which ranges from 31 to 82 square meters. It is planned that the first settlers will settle in the “Gilių” block in the spring of next year. About 80 apartments and cottages are planned to be built in Santariškės this year.
By 2015, Eika plans to build about 250 new apartments and a shopping center in Pilaitė; the same number of apartments and a shopping and service center are planned to be built in Santariškės..
More information:
Dom Dargis
Development Director
Phone: (8 5) 251 42 53
Email [email protected]
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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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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; UAB “Inžinerinės idėjos” – specialists in the design, installation and maintenance of engineering systems. The quality of the services of the group of companies is ensured by the implementation of the Quality Standard ISO 9001:2000, the Environmental Standard ISO 14001:2004 and the Occupational Health and Safety Standard OHSAS18001:2007.
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.