The largest apartment building project developed in Panevėžys over the past decade

In the western part of Panevėžys, in Kniaudiškės district, development of Ainių Namai, the largest apartment building project in the city in the last decade, has been launched. Six A+ energy class 4-storey apartment buildings will be built on the spacious 1.2 ha site. A total of 114 apartments are planned in the project. Buyers will be able to choose 1.5–3 room apartments (34–86 sqm).

The Ainių Namai project is carried out on a plot of land that is special because there are no other apartment buildings nearby. Therefore, high-rise buildings will not block the sun at any time of the day. “A decade ago, the master plan of the city provided for the construction of apartment buildings in this part of Panevėžys. We are pleased that the developers of new housing will contribute to the renewal of the city of Panevėžys and will build the first two buildings this year,” Romualdas Paulauskas, Head of the Ober-Haus Office in Panevėžys, said.

Modern 4-storey buildings are designed to make it convenient for residents to access the buildings, there will be space for children’s playground and sports grounds. Apartments on the ground floor will have individual terraces, apartments on the first and second floors will have balconies and apartments on the top floor – roof terraces. Storage areas will be located on the ground floor. A parking space is planned for each apartment next to the buildings.

“The project developed in a new district of Panevėžys will blend in the surrounding architectural and natural environment. The team has put a lot of effort into planning technical, engineering, and internal layout solutions. For the convenience of the residents, wide panoramic windows will be installed in each apartment. Underfloor heating will distribute heat evenly,” Paulauskas said.

The site will be accessed via automated gate and will be lit to ensure privacy and security of the residents. The property will be complete with landscaping, pavements and green zones.

Kniaudiškės is a popular district with the residents of Panevėžys. It is in a convenient location with well-developed infrastructure – there are major shopping centers RYO, Babilonas, and Depo, grocery stores Maxima and Norfa, schools, kindergartens, medical institutions, bus stops, etc. nearby. Residents of Ainių Namai will be able reach any place in Panevėžys quickly and conveniently both by private and public transport. It is also convenient to reach the main roads to Vilnius, the seaside and Latvia.

The project will be developed in three stages. The first stage of construction works is scheduled for completion in Q1 2021. The second and third stages will be carried out in 2022.

Developer – MB Tadara, architects – UAB GA Projektai, concept, marketing and sales – Ober-Haus.

Latest news

All news
Ober-Haus Celebrates 25 Years: How Has the Property Market Changed in a Quarter of a Century?
2023-11-07

Ober-Haus Celebrates 25 Years: How Has the Property Market Changed in a Quarter of a Century?

In 1998, the Lithuanian real estate market was characterised by a lack of housing, poor credit conditions and an underdeveloped commercial real estate sector. Over the last 25 years, the number of apartments for sale has increased more than 10-fold, housing market activity has almost quadrupled, lending rates have fallen from double to single digits, and modern office buildings and shopping malls are now numbering in the hundreds – that’s the picture according to the Ober-Haus Real Estate Market Review 1998–2023, conducted to celebrate the company’s 25th anniversary. The Year 2000 Marked the Beginning of the Creation of the Lithuanian Real Estate Market The years 1998–2000 can be considered as the period when the real estate sector in Lithuania began to evolve. Due to the absence of credit services, the Lithuanian population was mostly only able to purchase a home using their own funds, and commercial construction with the intention to sell or lease was in its infancy. And so, 25 years ago, investors were developing single apartment blocks, business/office assets and shopping centres, where any new development for sale or rent was regarded as a significant event in the real estate market. The Russian economic crisis, which began in…

Buyers Show No Interest in Overpriced Housing
2023-10-24

Buyers Show No Interest in Overpriced Housing

The Ober-Haus Apartment Price Index for Lithuania (OHBI), which captures changes in apartment prices in the five largest Lithuanian cities (Vilnius, Kaunas, Klaipėda, Šiauliai and Panevėžys), remained unchanged in September 2023 (August 2023 figures had shown 0.4% growth). The overall level of apartment prices in Lithuania’s major cities grew by 2.6% over the last 12 months (an annual growth of 4.9% in August 2023). In September 2023, Klaipėda, Šiauliai and Panevėžys recorded 0.2%, 0.3% and 0.4% growth respectively, and the average price per square metre rose to EUR 1,613 (+3 €/m²), EUR 1,103 (+3 €/m²) and EUR 1,078 (+4 €/m²). Meanwhile, in Vilnius and Kaunas, the average price per square metre decreased by 0.1% month-on-month to 2.568 Eur (-3 €/m²) and 1.724 Eur (-2 €/m²) respectively. Over the year (September 2023 as compared to September 2022), apartment prices grew in all major cities of the country: in Vilnius – by 2.6%, in Kaunas – by 3.2%, in Klaipėda – by 1.6%, in Šiauliai – by 3.7%, and in Panevėžys – by 2.5%. The stagnation period in the Lithuanian housing market continues. Although the market activity indicators do not show any signs of improvement, the majority of home sellers have not…

Office sublease: thousands of invisible square metres
2023-10-02

Office sublease: thousands of invisible square metres

In the office segment, the phenomenon of sublease – the transfer of part of a company’s leased premises to a third party – became popular during the pandemic and has remained since. The market of subleased property is usually not included in the official statistics published by real estate agencies. According to OBER-HAUS, current tenants of Class A and Class B+ business centres in Vilnius alone could be offering several thousand or even tens of thousands of square metres of space for sublease. Sublease is usually simply understood as renting space not directly from the owner or manager of a business centre, but from an existing tenant established and operating in the business centre. The principle of sublease itself existed long before the pandemic, but has only become more popular in recent years as businesses switched to remote or hybrid work, consequently, the amount of space required for their operations has decreased. OBER-HAUS estimates that since the beginning of the pandemic, the average office space in Vilnius has decreased by about 30%. In other words, companies entering into new contracts today are renting office space by almost a third smaller than a few years ago. However, office lease contracts are…

All news

This website uses cookies. You can confirm your acceptance by clicking the "I Agree" button or by continuing to browse. I agree

Mail sent!

This site is registered on wpml.org as a development site.