19.01.2026
The Panorama shopping and leisure center and SEB Bank have signed an additional EUR 20 million financing agreement for a period of five years. The funds will be used to implement the joint development plans of Panorama centre in Vilnius.
The additional financing will enable the consistent continuation of the development of Panorama and its adjacent plots, and the funds will also be used to improve the customer experience and for ongoing renovations of the shopping center. With this agreement, SEB’s total financing for Panorama projects will reach EUR 75 million.
“This financing allows us to consistently implement long-term development plans for Panorama and the surrounding area. We are investing not only in the development of new buildings, but also in the continuous renovation of the shopping center and the improvement of the visitor experience. We want Panorama to remain a vibrant, constantly changing center that creates value for both visitors and the surrounding community,” says Birutė Kalanovaitė, CEO of Panorama.
Three separate buildings for various purposes are planned to be built next to the shopping center, with a total area of approximately 36,000 square meters. It is planned that the new buildings will house educational and medical services, offices, apartment rentals, and other businesses that will create added value not only for visitors to the shopping center but also for the surrounding community of Žvėrynas in Vilnius.
According to Tadas Jonušauskas, Head of Business Banking at SEB Bank, the decision to provide additional financing was made based on an assessment of both the operating results of Panorama and the long-term development strategy for the entire territory, which includes not only the modernization of the shopping center but also the creation of new commercial functions.
“We have been financing the Panorama shopping center since its inception because we see it as a successful project that contributes to the strength of the retail sector in Lithuania. The best indicator is the results. This shopping center has established itself among the market leaders and is setting higher standards for the shopping experience. It is constantly full of visitors, and the market itself has been growing steadily for several years. Panorama is well managed and constantly updated to meet the needs of modern shoppers. Our priority is to finance projects that create long-term value, promote sustainable growth, and strengthen the vitality of the economy,” says Tadas Jonušauskas, Head of Business Banking at SEB Bank.
Panorama is one of the largest shopping and leisure centers in Vilniuswith more than 180 tenants. In 2024, a €15 million shopping center reconstruction and renovation project was completed, and in December 2025, the building received a BREEAM In-Use Excellent certificate for its sustainable solutions.