The Liepu Terasos project – a new development of 340 apartments in Klaipėda

Development of a new multi-apartment residential district, Liepų Terasos, has been launched near Liepų Street in the northern part of Klaipėda. A total of 12 A+ and A+++ energy performance class 4-storey apartment buildings will be built on a spacious site covering four hectares. The buildings will accommodate around 340 apartments and the project will be developed in four stages. In stage one, buyers will be offered 4-room apartments of 38–65 sqm and in subsequent stages, larger apartments of up to 100 sqm will be built. Investment in the project totals 21 million euros.

Stage one of the project has already started. In the early summer of 2022, two apartment buildings will be completed totalling 3,200 sqm and offering 54 apartments, with 100 sqm available on the ground floor for commercial use. Stage two of the project will start in Q2 2022, stage three in 2023 and stage four in 2025.

“The new residential property market is constantly evolving and the size or energy performance class of the property is no longer the key criterion. Developers of this project focus on new solutions that meet the expectations of today’s buyers primarily by investing in smart technologies and property solutions that enhance comfort levels,” Donatas Bulvydas, head of sales at Ober-Haus in Klaipėda, said.

The project includes all the required solutions to ensure the safety and comfort of residents: underfloor heating, energy recovery heat exchangers, infrastructure for the installation of air conditioners, and charging points for electric vehicles which can be shared with other residents or installed for an individual user. According to Bulvydas, in many cases, residents of apartment buildings are hesitant regarding the purchase of electric vehicles, due to limited accessibility to charging points close to home.

“Investment in this project was primarily made by taking into account the location of the site. It is one of the greenest areas of Klaipėda, with convenient connection to the city centre, access to the beach on the Baltic Sea by bicycle or scooter or getting to Palanga quickly,” said Algirdas Stankus, Director of Liepų Terasos.

“We hope that all residents feel comfortable and enjoy life at Liepų Terasos. All ground floor apartments will have access to spacious 9 sqm individual terraces accessed from the living room, and the second and third floor apartments will have spacious loggias or balconies to enjoy the sunsets,” noted Stankus. The apartments on the fourth floor will have private roof terraces and winter gardens of over 23 sqm.

“We have noticed that residents in Klaipėda dislike underground parking, whereas outdoor parking does not protect against weather conditions—in summer cars get hot and in winter they are covered in snow or their windows get frosted. At Liepų Terasos, we opted for a compromise by offering car ports combined with storage spaces,” explained Evaldas Aukštuolis, Technical Construction Supervision Manager at Domus Basis.

The project development team and their partners have been providing services since 1991 and have extensive experience in the construction of residential and commercial buildings in Lithuania and abroad (implementing projects in Denmark, Russia and Austria). With over 30 years in the construction business, they have built more than 220,000 sqm of residential and commercial real estate.

Project developer – UAB Liepų Terasos, construction and technical supervision – UAB Domus Basis, main designer – UAB Vakarų Siluetas (project author – Mantas Daukšys), and concept development, marketing and sale – UAB OBER-HAUS nekilnojamas turtas.

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
+
Mandatory
Mandatory cookies help make a website usable by enabling basic functions like page navigation and access to secure areas of the website. The website cannot function properly without these cookies.
Functional
Functional cookies enable a website to remember information that changes the way the website behaves or looks, like your preferred language or the region that you are in. Functional cookies are currently unused.
Statistical
Statistical cookies help website owners to understand how visitors interact with websites by collecting and reporting information anonymously. Statistical cookies are currently unused.
Advertising
Marketing cookies are used to track visitors across websites. The intention is to display ads that are relevant and engaging for the individual user and thereby more valuable for publishers and third party advertisers.
Allow all Deny All

Mail sent!

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