Vilnius mayor laid a time capsule under the foundations of a new office building that developers say will meet high sustainability standards and provide human-centred working environment.
Construction site of Narbutas 5 business centre. Photo by Kastytis Mačiūnas

The 5,100-square-metre six-storey office building, Narbuto 5, is to be located on Narbuto Street just outside central Vilnius and will be completed in early 2017. The developer, E.L.L. Nekilonajams Turtas, says it will invest €9 million into the building.

"Vilnius has become one of the fastest growing European capitals and a true city of the future," Vilnius Mayor Remigijus Šimašius said at the foundation laying ceremony. "For the successful growth to continue and in order to attract talent and new investment, it is vital for Vilnius to develop infrastructure and create excellent conditions for businesses to operate and be creative."

Developers say Narbuto 5 will meet BREEAM sustainable building standards and feature advanced systems for ventilation, conditioning and heating.

"We have also considered the leisure of working individuals – the Business Residence will be equipped with bicycle storage rooms, showers, and active leisure room," said Kęstutis Garbonis, construction and development manager at E.L.L. Nekilnojamas Turtas.

The company is part of E.L.L. Kinnisvara group, a leading Baltic real estate developer, and has already completed several shopping mall and business centre projects in Vilnius and Šiauliai.

Vasiliauskas calls on MPs to turn to ECB over banking tax

Vitas Vasiliauskas , board chairman of the central Bank of Lithuania , has called on lawmakers to...

Fake or true: your coffee might contain grounded cockroaches (1)

In past months some global media shocked their readers by claiming that grounded coffee might...

Nauseda: state bank shouldn’t be taboo

The existing situation in the Lithuanian banking market makes one to start thinking about the...

Lithuania not considering 'century bond' yet

The Lithuanian Foreign Ministry sees no need for issuing ultra-long debt yet, but might consider...

Cabinet backs retail and bank taxes

The Lithuanian Cabinet on Wednesday backed in principle new taxes on bank assets and retail...