Adon Legal has advised the Lithuanian real estate developer Galio Group on a EUR 26 million loan from Citadele Bank.
According to Adon, “the financing was secured with the mortgage of the fourth building of the office complex S7 in Vilnius, which houses the service center of Danske Bank. The total area of the developed complex is almost 21,000 square meters in the central part of Vilnius. The financing provided by Citadele Bank will allow balancing investment flows better as Galio Group currently implements or intends to implement a number of residential projects.”
Adon’s team included Partners Marius Matiukas and Donatas Sliora.