ADON legal team advised and represented Lithuanian leading sustainable developer GALIO GROUP in the acquisition of EUR 26,000,000 loan from Citadele Bank, including negotiations on term-sheet, loan and security documentation.
The financing was secured with the mortgage of the fourth building of the office complex “S7” in Vilnius, which houses the service centre of Danske bank. The total area of the developed complex is almost 21,000 m2 in central part of Vilnius. The financing provided by Citadele Bank will allow to balance investment flows better as GALIO GROUP currently implementing or intends to implement a number of residential projects.
GALIO GROUP, founded in 2006, are a real estate development and management company that mainly operates in Central and Eastern Europe. GALIO GROUP comes under the umbrella of “Vilniaus prekyba” – the biggest retail trade group in the Baltics.