YIT Lietuva has recorded another active quarter in the housing market, but is monitoring signs of market stabilization
Sustainable city-developer YIT Lietuva continues the development of Viršuliškės back street territory in Vilnius. The company has recently acquired a new 3,5 thousand sq. m plot, on which a new modern business centre will be built.
A new business centre located next to the Vilnius Western bypass will raise in the next couple of years. A new 11-storey and a 14,6 thousand sq. m area office building will shape up, and the construction is scheduled to start this year.
“When we started developing Viršuliškės back street almost a decade ago, there was a lack of modern infrastructures, and neither the population nor businesses were attracted to the area. Today, this area has become one of the main business hubs of the capital - new companies are setting up, and it is convenient to both live and work. This new sustainable and modern project is another step towards the integration of the Viršuliškės hub into the city’s life”, says Kęstutis Vanagas, YIT Lietuva CEO.
According to K. Vanagas, Vilnius still needs up-to-date and conveniently located offices and administrative spaces, and Viršuliškės is the ideal answer. The land acquired by the Company is strategically positioned in the city, and its Western Bypass provides an easy and quick access to all areas of Vilnius. From the city center, Viršuliškės is 10 minutes away by car, 12 minutes by public transport; and is situated 14 minutes away from the airport.
YIT Lietuva has already built a 22-storey business complex Duetto, the business center Grand Office and the residential area Solo City, in addition to a shopping center and the technical automotive inspection centre Tuvlita. The business complex Duetto was built as a sustainable structure, with a class A energy performance, and it was awarded a BREEAM (International Standard for Sustainable Buildings) certificate; several companies (Rimi Lietuva - retailer, Sweco – engineering solutions, Coca-Cola and Vilnius šilumos tinklai to name a few) as well as private tenants have appraised its sustainability.