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Citadele Bank of Latvia lends 4.8 million. EUR to the investment management company Union Asset Management for the construction of a new Sostenos car center in Vilnius.
“Despite temporary economic adjustments, the financing needs of companies in the country are high: companies are actively exploring development opportunities and planning investments,” said Vaidas Žagūnis, director of Citadele’s Baltic Commercial Banking Service.
Ramūnas Baranauskas, CEO of Union Asset Management, says the project reflects the fund’s strategy: development, leasing and sales, and it is also aimed at the industrial and service sectors.
According to the report, it is planned to build more than 4.7 thousand buildings on Savanori avenue .. kv. Total area meters of the A + energy class building, which will house a car showroom, its maintenance and repair center. It will be the most modern in Eastern Europe, equipped to the latest Renault standards.
Sustaos Group sells Volvo, Renault and Dacia cars in Lithuania and repairs Nissan cars.
