A new apartment project near the River Neris in Antakalnis

Construction works on the Antakalnio krantas project started in Vileišio Street of Antakalnis residential area in Vilnius. The four-storey apartment building will accommodate 43 apartments of 1.5 to 4 rooms, floor area from 36 to 102 sqm. The construction works are scheduled for completion in Q2 2019.

The Antakalnio krantas project has been designed by Algirdas Kaušpėdas architect studio. ‘I love Antakalnis for two reasons – beautiful nature and architectural diversity. I hope that Antakalnio krantas’ by our studio JP Architektūra will help combine these two characteristics of Antakalnis to offer comfortable and joyful living,’ Algirdas Kaušpėdas, the architect and co-author of the project, said.

The ground floor apartments will contain private, enclosed yards. Apartments on other floors will have balconies or spacious terraces of up to 28 sqm. The entire property will be secured with a fence and outdoor lighting, and a yard and a playground will be installed. The parking area will be monitored by video cameras and storage areas for residents will be provided in the underground parking.

The building is constructed just 70 m from the River Neris. ‘The project built in an exclusive location in the capital city will form part of the architectural and natural surroundings. Although it is a small-scale project, the team has invested a lot of effort in offering well-designed technical, engineering and interior planning solutions. These have already been evaluated by the first buyers. For the convenience of the residents, wide panoramic windows, underfloor heating to ensure even distribution of heat in the rooms, and charging points for electric vehicles will be installed,’ Audrius Šapoka, Ober-Haus Residential Real Estate Department Manager, said.

An integral part of the project is the riverside revival and its adaptation for recreation and leisure. The project developer will undertake to clean up the riverside in front of the building. ‘The adjacent riverside area will be cleaned up, so the residents of the first floor or higher will be able to enjoy the views of the river. The reconstruction of Vileišio Street and its adaptation for pedestrians and cyclists will be completed by the end of the completion of the project,’ Mr Šapoka noted. A section of the new pedestrian and cyclist path so popular with the cyclists in Vilnius has already been laid in Vileišio Street. In the future this path will serve as the main connection between Saulėtekis residential area, Antakalnis and the city centre.

Project developer – UAB Plėtros Projektai, construction works – UAB Binkauskas ir Stašinskas, architects – UAB JP Architektūra, and development of the concept, marketing and sales – UAB OBER-HAUS nekilnojamas turtas.

More information about the project is available at www.antakalniokrantas.lt

Latest news

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

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

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

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 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 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 cookies help website owners to understand how visitors interact with websites by collecting and reporting information anonymously. Statistical cookies are currently unused.
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.