Luminor and Šiaulių bankas lend LTL 44 million for a new shopping center project in Vilnius. euros



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The huge downtown is planned to house more than 150 outlet stores, 30 restaurants and cafes, and a movie theater.

“This is one of the most ambitious recent projects, which will affect not only the distribution of customer flows, but also the growth dynamics of the surrounding urban areas. Understanding, evaluating and becoming a partner in such a project is an honor and a great challenge for all banks, especially in the current pandemic environment, ”said Jonas Urbonas, director of corporate banking at Luminor.

“We are happy that in such an indefinite time we can contribute to the financing of a shopping center of an exceptional type for the whole of Vilnius”, said Kęstutis Grinius, Director of Commercial Customers of Šiaulių bankas Vilnius Region.

“A shopping center with a quiet architecture and a convenient location should compensate for the imbalance in the availability of goods and services in the western part of Vilnius and become a new center of activities and recreation for the residents and guests of the city. The situation, whose scenario is dictated by a pandemic, is worrying, but the banks rated not only the quality of the project, but also its prospects when life returns to normal ”, said Sigitas Stasevičius, CEO of Ogmios centers.

The legal advisors for this transaction are the law firm TGS Baltic.

Vilnius OUTLET is being developed near the Western City Bypass. The shopping center will have a parking lot for more than 2,000 places, part of which will be dedicated to the “Build and Drive” system, people from around the city and the ring roads will be able to leave their cars in the parking lot and travel to the center of the city. city ​​by public transport.

The construction of the new shopping center is progressing exactly according to the established schedule, more than 80 percent has already been leased. total area, and from February the tenants will begin to install their stores, restaurants and entertainment spaces. The opening of the shopping center will take place in the third quarter of 2021.

50 percent UAB Trečioji kregžDE, which implements the share project, owns AB Ogmios centras together with UAB 3K Investicija, and 49.5 percent. The shares are owned equally by MG Baltic Investment and Extera Baltic, a company led by businessman Rolandas Vingilis.

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