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SEB turns to Lords for HQ building

Alex Hayes 01 March 2018

Alex Hayes


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Alexander Hayes is currently working as a journalist for Eurobuild Central & Eastern Europe magazine. Originally from the UK, he moved to Poland in 1995 and has been working in real estate for over four years. He has a BA in english literature from the University of Buckingham.

SEB turns to Lords for HQ building
SEB will not be moving in till 2020
LITHUANIA An office building will be constructed in the Vilnius central business district on Konstitucijos Avenue and SEB bank will be the anchor tenants with a lease of 10,000 sqm. Newsec represented the tenant in the negotiation of the lease.

“The business heart of Vilnius – Konstitucijos Avenue – is now on a par with the major cities of Western Europe in terms of the quality of new Class A offices being built there. The central business district is a hub for providers of financial, legal and other professional services, for whom well-developed infrastructure and a location that’s convenient for clients and partners are especially important. Modern offices in a convenient location also help companies attract talented employees. Consequently, new tenants place very high demands on the office buildings’ developers and managers to ensure that the buildings are modern, efficient and environmentally friendly,” said Martynas Babilas, the head of tenant representation at Newsec Baltics.

The 12,700 sqm office complex is being developed on a 0.5 ha site by Lords LB Special Fund II managed by Lords LB Asset Management.
“This will be a particularly environmentally friendly office complex, certified under ‘BREEAM with a rating of ‘Outstanding’ and meeting the highest standards of sustainability. The building will be delivered in the middle of 2020,” said Marius Žemaitis, a fund manager at Lords LB Asset Management.
“Currently the bank’s units in the city of Vilnius are located in five different buildings, and that’s not efficient. By moving to one office centre we’ll optimise operations by taking up less space and at the same time creating a significantly higher quality working environment for our employees as well as an innovative customer-service area. We think the chosen location will be very convenient for both our clients and our employees,” said Aivaras Čičelis, a member of the board of SEB bank.

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