The Lithuanian investment company CHS Investment Group, which operates the security and cash-in-transit company EUROCASH1 in the three Baltic States, is continuing to expand across Europe. In Spain, it has opened its second private safe deposit box facility. On February 25, 2025, the newest VAULTS1 facility opened in the heart of Madrid, at the prestigious address of Zurbano Street 65. This marks the second VAULTS1 facility in Spain, following the launch of the first private safe deposit box service of its kind in Valencia in June 2024.
“Spain's economy is the fourth largest in the European Union. We are seeing growing demand from both individuals and businesses to store valuables securely, particularly in light of Spain’s frequent wildfires and floods, as well as its relatively high crime rate,” says CHS Investment Group CEO Vilius Makauskas. “Our experience in Valencia demonstrated that there is strong demand for private safe deposit boxes, which encouraged us to expand to Madrid. With this launch, we become the largest private provider of individual safe deposit boxes in Spain.”
Online Booking – Access as Soon as the Next Business Day
One of the key advantages of VAULTS1 is the ability for customers to book a safe deposit box online and begin using it as early as the next business day.
“This provides convenience and flexibility that traditional banks and competing providers often lack. Our customers also enjoy 24/7 access to their safe deposit boxes,” says V. Makauskas.
The new Madrid facility spans more than 100 square meters and offers six sizes of safe deposit boxes, from XS to XXL. Depending on individual needs, clients can store cash, important documents, digital media, jewelry, artwork, expensive musical instruments, family heirlooms, or other items of significant financial or personal value.
Like the previously opened facilities in the Baltics and Valencia, the Madrid VAULTS1 operates under the highest security standards. An intelligent, multi-level risk assessment and control system ensures that only one customer can be present in the secure area at any time, guaranteeing both safety and confidentiality. The entire facility is monitored by video surveillance with two-way audio, but the private room where clients handle their valuables is not under surveillance, ensuring customer privacy.
VAULTS1 has become the first and largest private network in Spain to offer automated and 24/7 individual safe deposit box rental services. According to V. Makauskas, investments in the Spanish market will exceed €1 million, with further expansion planned both within Spain and in other EU countries. Currently, the VAULTS1 network includes seven facilities in different countries: Vilnius, Kaunas, Klaipėda, and Šiauliai (Lithuania), Riga (Latvia), Valencia, and Madrid (Spain).