Citadele Bank is moving to Green Hall business valley in Vilnius which is developed by the SBA company Urban Inventors. The bank will establish its Lithuanian headquarters and customer service department in the highest building of the valley. Citadele Bank is expected to open its doors in the Green Hall 1 business centre in July.
Green hall
Green hall
© Bendrovės nuotr.

"We searched for a new location to provide our employees with an inspiring environment that encourages cooperation as well as appropriate space for establishing a Citadele Bank division with a new concept providing our clients with even more opportunities to receive the necessary advice and learn about our latest products," says Vaidotas Gurskas, Head of Lithuanian Branch and Administration at Citadele Bank.

Citadele Bank is moving out of its headquarters in K. Kalinausko str. in Vilnius and will lease an area of 2200 sq. m. in Green Hall 1 occupying four floors of the building. The new office and bank division will have approximately 200 employees.

Bank division established on the ground floor of Green Hall 1 will be twice as large as the current one, occupying an area of 200 sq. m. This division will enable the bank's clients to learn about its latest digital products and receive consultations on various financial matters.

"Citadele Bank will be one of the largest tenants in the Green Hall business valley, and will organically blend into the central district of financial services and institutions formed on the right bank of the Neris river in Vilnius," says Tomas Astrauskas, CEO at Urban Inventors.

According to him, a long-term lease agreement has been signed with Citadele Bank. Through intense work on both sides, the transaction was finalised in a very short period of time – in less than two months. During the process, the parties received consultations from Ellex Valiunas law firm, and mediation services from Newsec real estate consulting company.

"This project is particularly important for Citadele Bank, since the bank's relocation from its long-term headquarters in Kalinausko str. will not only essentially improve the office environment for its employees and declare the bank's ambition, but will also mark the bank's transition from its own building to a lease relationship. This choice was determined by Green Hall valley's unique architecture, visibility of the building, efficient layout and utilisation of office space, and the possibility to install a convenient customer service department on the ground floor," says Martynas Babilas, Newsec partner and Head of Tenant Representation Group in the Baltic region.

For a long time, Green Hall 1 business centre was used by Barclays bank as its global operations division.

"Barclays moved its business out of Lithuania three months ago, and soon after the business centre was occupied by new tenants. Currently, the Green Hall 1 business centre building has only around 1 200 sq. meters of free space, which is 13 percent of the entire area of the building. Intense negotiations are currently underway regarding this free area, and we have no doubt that it will be leased out in the near future," says Giedrius Muliuolis, Head of Commercial Unit at Urban Inventors.
The entire Green Hall business valley consists of a complex of three buildings. International capital markets company Moody‘s will establish its headquarters in the nearly complete Green Hall 3, where it will lease most of the area of the building. The remaining part is under negotiation. The entire Green Hall 2 business centre is currently leased out. Total investments of SBA Group in Green Hall valley exceed 40 million euros.

It is forbidden to copy the text of this publication without a written permission from DELFI.
|Populiariausi straipsniai ir video

Tax revenue 15 percent short of target in March

The Lithuanian central government's tax revenue fell around 15 percent short of the target in March,...

Avia Solutions Group bought Bluebird Nordic

On the 24th of January 2020, Avia Solutions Group signed an agreement with BB Holding EHF for the...

GetJet Airlines set to lay off 370 employees

Lithuania's wet-lease and charter services provider GetJet Airlines has given lay-off notices to 370...

Avalanche of ideas developed in 'Hack the Crisis' hackathon

One of the most important tasks for hackathon organizers was to identify the most pressing issues,...

Lithuania and some other EU countries ask for Mobility Package postponement

Lithuania and "like-minded" EU member states are urging the bloc's bodies to postpone the...

Top news

"Take my kids": children from social risk families, elderly suffer from quarantine

Children from social risk families and elderly people have become even more vulnerable during the...

Scientists: coronavirus may claim around 200 lives in Lithuania

The novel coronavirus may claim around 200 lives in Lithuania and the strain on hospitals is likely...

696 confirmed COVID-19 cases in Lithuania

On Friday, 3rd April, there were 696 confirmed novel coronavirus cases in Lithuania.

276 medics are isolation in Lithuania

There are over 270 medics in coronavirus isolation in Lithuania, the country's government said on...

Two flights from Minsk to Vilnius to take place on upcoming weekend

Two flights from Minsk to Vilnius will take place under exceptional conditions over the upcoming...

|Maža didelių žinių kaina