This post was automatically translated into English
The EUR 11.1 million loan will be used to finance new real estate projects of the Eika Group in Vilnius. The previous EUR 38.2 million loan, intended to finance real estate managed by the Group, has also been extended.
The loan of EUR 11.1 million will be used to implement new real estate projects of the Eika Group in Vilnius. The previous loans of EUR 38.2 million, intended for financing real estate managed by the Group, have also been extended. The total value of the signed transaction between SEB Bank and the Eika Group is EUR 49.3 million..
A loan of almost 6 million euros was granted for the construction of one of the group’s largest projects – the business center and apartment complex “135”. The 15 thousand sq. m. complex at the intersection of Žalgirio and Linkmenų streets was launched in the second quarter of this year. It is planned that the business center will open its doors at the end of 2016, and the new residents will move into the apartments in 2017.
5.3 million euros have been allocated for residential construction projects in Jeruzalė, Pilaitė and Santariškės. This year, Eika launched the Domino House project in Jeruzalė, which will house more than 100 families. The group of companies is also continuing the development of the Pilaitė quarter: this year, two apartment buildings were completed here, with 150 apartments designed, and construction of a nine-story building with 87 apartments has begun. This year, Eika also plans to complete the Santariškės low-rise housing estate, which has been recognized as the best residential construction project in the Baltic States. In total, in 2015, the Eika group of companies will invest 12.5 million euros in real estate development.
““Despite geopolitical challenges, promising real estate projects remain interesting for the market. We continue our partnership with our long-standing partner, the Eika group of companies, by financing the company’s projects in Vilnius,” says Aivaras Čičelis, Deputy President and Director of Business Banking at SEB Bank.
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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Vitalija Roče
Marketing and Communications Manager at Eika
Tel. (8 5) 255 3324, 8 698 56273
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.