Construction of „Narbuto 5“ Business Residence in Vilnius has started

25.03.2016

On Thursday Vilnius city Major together with the company „E.L.L. Nekilnojamas turtas“ representatives have led the symbolic Time Capsule in the foundation of the class A office building “Narbuto 5”. The construction works of the 6-floor 5100 sq.m. office building in T.Narbuto street on the right bank side of the river Neris are planned to be completed in spring 2017 with approximately 9 million euros investment.

„Vilnius has become one of the fastest growing Old Continent capitals and a true future European city. Taking into consideration the economic development and foreign investments – Vilnius is the 3rd mid-size European city. For the successful growth, talent and new investment attraction it is vital for Vilnius to develop infrastructure and create excellent conditions for businesses to operate and be creative”, – Vilnius city Major Remigijus Simasius stated at the “Narbuto 5” construction start ceremony.

The new office building will have six floors and two floors of underground parking. The premises will be easily modified for tenants’ needs. Developers of the new office building emphasize the vision of “Narbuto 5” – Business Residence fulfilling business and individual needs. Therefore, the building is being developed in compliance with BREEAM – the world’s leading design and assessment method for sustainable buildings.

„The BREEAM certificate is being granted for the buildings that account for the least adverse impact on the environment. In order to achieve „Very Good“ rating, our company invest to advanced ventilation, conditioning, and heating systems that will create comfortable working conditions. We have also considered the leisure of the working individuals – bicycle storage rooms, showers, and active leisure room will be equipped at the Business Residence. We believe that “Narbuto 5” will stand out for its comfort, flexibility and advanced technology solutions”, – “E.L.L. Nekilnojamas turtas” Construction and Real Estate Development Manager Kestutis Garbonis declared.

According to K. Garbonis, companies are increasing their expectations for the office location and working conditions. “Comfort at the working place is a strong motivation tool to attract and retain talents. Therefore, companies, especially foreign capital enterprises, prefer the office building to have a sustainable building certificate. We believe that advanced technology solutions and comfort will put “Narbuto 5” among the most desirable places to work at”, – K. Garbonis stated.

Company “E.L.L. Nekilnojamas turtas” representative highlighted that “Narbuto 5” will feature human-centered and cozier feeling, which helps to value each individual working there. The optimal building size will also help to create better synergy between the companies and people. “Narbuto 5” will be situated in a very convenient location – in the main business area next to Panorama shopping and entertainment center, the key transport lines and, and at the same time – just a step away from the calm Žvėrynas district.

“Narbuto 5” is suitable for various size local and foreign companies. The building developers emphasize five building advantages: perfect location, attractive architecture, optimal building size, “built to suit” office space, and advanced technology solutions.

The building developer “E.L.L. Nekilnojamas turtas” is a part of E.L.L. Kinnisvara group (www.ell-realestate.com), one of the leading Baltic real estate developers and one of the largest real estate holding companies. The main area of activity is the long-term real estate investments to commercial real estate (shopping centers, hotels, and office buildings), their development and management. The company´s current real estate portfolio has over 190,000 m² to let, including 4 shopping centers, 3 office buildings, and 3 hotels.

UAB “E.L.L. Nekilnojamas turtas” has implemented several major projects in Vilnius, including business center “L3 Biurai”, the public building “Embassy House”, the shopping and leisure centers “Panorama” and “Mandarinas”, and “Saules miestas” shopping center in Siauliai

                                                                                                                                                                                                 Photographer: Kastytis Mačiūnas

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