The total value of the project is about EUR 78 million. The banks signed a syndicated loan agreement with the company implementing the project – Trečioji Kregždė.
It is planned that the giant shopping centre will house more than 150 outlet-type shops, 30 restaurants and cafes, as well as a cinema.
Our partner Zygimantas Stankevicius and senior associate Egle Neverbickiene represented the client in drafting the agreement and in long negotiations with the bank’s client.
TGS Baltic represented Luminor Group, the third largest financial services provider in the Baltic banking market, which together with Šiaulių bankas is lending EUR 44 million in equal parts for a new shopping centre project – 62,000 m² shopping mall Vilnius OUTLET.