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Development of new business and administration centre in the City of Vilnius
Key data of Lithuania
LithuaniaPopulation 3,45 mlnUrban population 67%Area 65,000 sq mCapital city VilniusPopulation in Vilnius 0,56 mlnPopulation in the capital 16%
Kaunas (0,34)Klaipeda (0,19)Šiauliai (0,13)
Panevėžys (0,12)
Largest cities (population in mln)
Lithuania
Lithuanian economy
• Lithuania offers the lowest business costs among the 10 new EU members.
LithuaniaFDI Stock (bn EUR, 2004.01) 4,7 bnGDP (bn EUR, 2004) 18,1 bnGDP per capita (EUR, 2004) 5218 EurInflation rate (2005.08 compared to 2004.08) 2,3%Unemployment (2005, II qrt) 3,9%Average salaries ( per Capita, 2004) 377 Eur
0,02,0
4,06,0
8,010,012,0
14,016,018,0
20,0
2000 2001 2002 2003 2004
Real GDP GrowthBn. Eur
7,2% 6,8% 10,5% 7,0%
Vilnius – center of economy
• 57,4 % of total Lithuanian FDI in the beginning of 2004.
• 35 % of national GDP is created in Vilnius region and every year the proportion is increasing by ~ 1%.
• GDP per capita in Vilnius region is 44% higher than Lithuanian average.
• The lowest registered unemployment rate (2.9 % in 2005.10).
• EUR 62 mln. in 2005
• 101 projects will be financed
• Mainly infrastructure developments
Vilnius Municipal Investment Program
25,6
32,9
50,2
62,2
0
10
20
30
40
50
60
70
2002* 2003* 2004 2005
Investments by the Municipality
*Resources of Development Fund
Construction volumes, million EUR
0
500
1000
1500
2000
Lithuania 796 964 1153 1949
Vilnius 264 350 377 641
2001 2002 2003 2004
Residential market in Vilnius city
*forecast, Data not including individual houses.
1497
2208 2247
34043845
4362
0
500
1000
1500
2000
2500
3000
3500
4000
4500
No.
2001 2002 2003 2004 2005* 2006*
New flats built in Vilnius
“Vilnius New City Center”
Existing
Planned
HANNER
“Vilnius New City Center” project
• “Vilnius New City Center” project in 2004 – biggest real estate project in Lithuania.
• Reasons for development:Overcrowded left bank of river Neris.Municipality offices were located in 21 different buildings.Undeveloped area close to the historical city center.
HANNER
“Vilnius New City Center” project
HANNER
“Vilnius New City Center” project
• Agreement of territory development between Hanner and Vilnius Municipality:Division of land plot for the complex. Installation of communications, utilities.Streets reconstruction. Improvements of the landscape.Neighboring land plots purchase.Construction of common parking.
HANNER
Buildings of the complex
• 2.28 ha territory: 1.17 ha Hanner land plot. 1.11 ha city municipality land plot.
• Built by Hanner: 33-storey, 17.300 sq. m “Europa” business center. 3-storey, 21.333 sq. m “Europa” shopping center. 7-storey, 26.200 sq. m, 1.000 places parking. 24-storey, 11.000 sq. m residential building.
• Built by City Municipality: 20-storey, 15.000 sq. m, administration office. 350 places parking.
• 3.800 sq. m, Vilnius county administration office.
HANNER
“Vilnius New City Center” project results
• United private (“Hanner”) and public (Vilnius municipality) capital. Hanner investments of 38 mln Eur, Vilnius municipality – 20 mln
Eur.
• Area of the complex over 100 000 sq m.
• Creation of the new business center of the city.
• Improved infrastructure around the area.
• City municipality moved from 21 building to 1.
• Successful cooperation of public and private sectors.
• Incentive for further developments in the area.
HANNER
“Vilnius New City Center”
HANNER
Hanner profile• Hanner specializes in development of office, retail, residential
buildings.
• Hanner is developing its projects in Lithuania, Latvia, Ukraine, Romania and is looking for new markets.
• Total investments in the projects in 2005-2008 are planned to reach 890 million Eur, and will create 1.4 million sq m of total space.
• Most remarkable finished project so far – office and retail center “Europa”, which received “CEE Mixed Use Development of the Year 2004” award.
HANNER
Visit us at
www.vilnius.lt
www.hanner.lt
Thank you for your attention!