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Office building in Vilnius

On 18 December 2015, UAB Merko Statyba, part of AS Merko Ehitus group, has entered into a contract with UAB E.L.L. Nekilnojamas Turtas, part of E.L.L. Kinnisvara AS group, to perform the construction of an office building, located at Narbuto 5, Vilnius, Lithuania.

The leasable area of Narbuto 5 ( class A energy efficient office building is over 4,600 m², the building has six floors and two underground floors for parking.

The office building is pursuing BREEAM certification. The value of the contract is approximately 8.5 million euros, plus value added tax. The construction works start in December 2015 and are scheduled to complete in the first quarter of 2017.

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UAB Merko Statyba is Lithuanian construction company, which offers construction services in the fields of general construction, civil engineering and residential construction.

E.L.L. Kinnisvara develops and manages office buildings, shopping centres and hotels. The company’s current real estate portfolio includes 209,000 m2 of space to let. E.L.L. Kinnisvara owns three office buildings (Delta Plaza, Sõpruse Ärimaja and L3) and has holdings in Spice, Spice Home, Panorama and Viru Keskus shopping centres.