Financial and real estate consulting company Newsec has won a competitive procedure organised by the DNB bank, part of Norway’s largest financial services group, for a real estate consultant that will help the bank to find office space with an area of approximately 10,000 m².

“We have involved real estate market professionals in our search for the best solution for our project of a new DNB head office and a modern financial services centre for customers to help us to choose where and how it could be implemented. The choice of the partner was dictated by the desire to make the process transparent and professional, and to have a new head office of the bank meeting the modern needs of customers and our high requirements for the quality of the workplace of the staff as well as a building built in harmony with the environment of the capital city,” Vaineta Barevičiūtė, a member of the DNB Board, said.

“The real estate market is still more favourable for office space tenants. Therefore, this period is a good time to review existing lease agreements or enter into new ones, thus securing better lease conditions in the long term,” Giedrius Ragaišis, the head of the Sales Department of Newsec Lithuania, said.

“I like it when everyone does their own job: bankers are engaged in banking activities and real estate professionals in real estate-related activities. The aim of the DNB bank to distance itself from operations with no relation to direct banking activities is a really commendable example of the boosting of efficiency of the company’s activities for large local and international companies,” Ričardas Čepas, CEO of Newsec Baltics, said.

DNB, one of the largest commercial banks in Lithuania, is part of the largest Norwegian financial services group operating in 19 countries around the world. The DNB bank, which ranks third in terms of its assets and loan portfolio, provides quality financial services to more than 700,000 private and business customers in Lithuania.

Newsec – The Full Service Property House in Northern Europe – offers a comprehensive range of services within its Advice, Asset Management and Transactions business areas to property owners, investors and occupiers. Newsec was founded in 1994 and is owned by its partners. Today, the Group has its own operations in six countries, over 500 employees and annual revenue of about 65 MEUR. Every year Newsec carries out hundreds of successful assignments and manages over 1,000 properties. Through this great volume, and the breadth and depth of its various operations, Newsec acquires superior knowledge of the real estate market.