Žalgiris Stadium in Vilnius sold for redevelopment

Žalgiris Stadium
DELFI / Šarūnas Mažeika

“The intensive sales process led to a mutual agreement with the enterprise Promola of the Hanner Group, a company that provided the best tender,” said Chief Executive Officer of Šiaulių Bankas Vytautas Sinius.

The enterprise Hanner is planning to construct commercial and residential buildings on the acquired area of 8ha located within Olimpiečių, Rinktinės and Šeimyniškių streets.

The real estate located just outside central Vilnius was assumed by Šiaulių Bankas from failed Ūkio Bankas at the beginning of 2013. Prior to this transaction, the assets were administrated by the bank’s subsidiary companies – Žalgirio Sporto Arena UAB, Investicinio Turto Valdymas UAB and Trade Project UAB.

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