Today at MIPIM conference at Cannes a Memorandum of Understanding was signed by Vilnius Mayor Remigijus Šimašius, Board member at Vastint Holding B.V. Steen Sodemann, and General Manager at Vastint Lithuania Kęstutis Vedeckis marking the cooperation in the development and reconstruction of the Lazdynai district in Vilnius.
The parties agreed to cooperate in creating a private and public partnership dedicated to designing and building a unique 8 ha recreational area in the Lazdynai Forest. The future Lazdynai recreational park will be situated between a dense residential neighbourhood and the innovative Business Garden Vilnius, which is being designed and developed by Vastint Lithuania.
“This is a perfect example of investment and collaboration with city authorities to serve both business and public interests. I hope that this agreement will become a role-model for future investors how the mutually beneficial cooperation should be arranged” – said the Mayor of Vilnius, Remigijus Šimašius.
Commenting a signing ceremony General Manager of Vastint Lithuania Kęstutis Vedeckis said that: On behalf of Vastint, I want to say that we are excited to start working with Vilnius authorities on this unique project. We believe that together we will identify true needs of community and will choose most environment friendly and efficient solutions in the park that will meet public and business needs.
Business Garden Vilnius is a business park concept where clever architecture and ergonomic technology come together to create comfortable, eco-friendly workspaces. The project’s unique approach focuses on sustainable construction and energy-saving facilities that significantly lower maintenance costs. The project also strives to meet the Leadership in Energy and Environmental Design (LEED) Gold certification requirements.
Business Garden Vilnius was conceived to be a major new office and commercial hub for Vilnius, utilising its proximity to the city’s historical centre while enjoying a prime location on one of Vilnius’s main artery junctions with easy access to the city’s airport.
The project will consist of four office buildings and provide 60,000 square metres of office and retail space. Stage 1 is scheduled for completion in Q4 of 2020.
Besides the innovative offices, Vastint Lithuania is seeking to invest in creating a unique infrastructure for wellness, sports and recreation. These facilities will be installed next to and within the Lazdynai recreational park and will contribute to developing public infrastructure that responds to the growing demands of the city community.
Vastint Holding B.V. is owned by Interogo Holding AG in Switzerland. Interogo Holding’s business focuses on two main areas: property investment and financial investments. Interogo Holding is owned by the Interogo Foundation. In addition to Interogo Holding, the Interogo Foundation also owns the Inter IKEA Group of companies through Inter IKEA Holding B.V. in the Netherlands. Consequently, the operations of Vastint are not linked to IKEA-related businesses.