03.02.2017

The wreath has been raised on the top of „Narbuto 5“ building to mark the completion of the main construction works

In the center of Vilnius the wreath has been raised on the top of „Narbuto 5“ building in order to mark the end of the most important and significant construction phase – the completion of the structural part. Tenants will be able to move-in already in the beginning of summer.

„Despite the winter cold weather, works are going smoothly and according to the schedule; therefore, we strongly believe the construction of the building will be completed on time. The list of tenants is quickly filling-up and at the moment we have almost 2 floors leased out. Additional negotiations are being finalized with several other tenants “, – Amelija Rudenko, the General Director at „E.L.L. Nekilnojamas turtas“, stated.

According to the company’s General Director, the main attention is being paid to the highest quality building standard while creating functional and aesthetic environment for business. “Developing this project, we evaluate people´s needs first to create a healthy environment where they will feel comfortable and motivated. The aim is to guarantee an excellent tenant experience starting from their office fit-out to every day comfortable working environment, so that a tenant can focus on the growth their own business.

One of the most important principles of our business is flexibility and attention to each tenant needs in terms of leasable space despite its size. Office fit-out will be provided to all tenants at the expense of the developer. Offices for lease start from 99 sq. m., and the floor plans are easily modified according to tenant needs”, – Amelija Rudenko noted.

Business center „Narbuto 5“ is a 6-story building with 4.620 sq. m. leasable space and a 2-story underground car parking. There will be a fitness room, a recreation area for employees in the inner courtyard, café, showers, and bicycle storage rooms in the building. The building is being developed in compliance with BREEAM (Building Research Establishment Environmental Assessment Method) and seeks to achieve a “Very Good” assessment rating. Investment to this project is approx. EUR 9 million.

The office building “Narbuto 5” is being developed by “E.L.L. Nekilnojamas turtas”, which is a part of E.L.L. Kinnisvara group of companies.


The building developer “E.L.L. Nekilnojamas turtas” is a part of E.L.L. Kinnisvara group (www.ell-realestate.com) established in Estonia in 1997. It is one of the leading real estate developers and one of the largest real estate holding companies in the Baltic States. The main area of activity is the long-term real estate investment to commercial real estate (shopping centers, hotels, and office buildings), their development and management. 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. Currently E.L.L. Kinnisvara group’s real estate portfolio in the Baltics has 185,000 m² of leasable space, including 4 shopping centers, 2 office buildings, and 3 hotels.


 

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