Transcript Vilnius New City Center

Development of new business and
administration centre
in the City of Vilnius
Key data of Lithuania
Population
Urban population
Area
Capital city
Population in Vilnius
Population in the capital
Largest cities (population in mln)
Lithuania
3,45 mln
67%
65,000 sq m
Vilnius
0,56 mln
16%
Kaunas (0,34)
Klaipeda (0,19)
Šiauliai (0,13)
Panevėžys (0,12)
Lithuania
Lithuanian economy
Lithuania
4,7 bn
18,1 bn
5218 Eur
2,3%
3,9%
377 Eur
FDI Stock (bn EUR, 2004.01)
GDP (bn EUR, 2004)
GDP per capita (EUR, 2004)
Inflation rate (2005.08 compared to 2004.08)
Unemployment (2005, II qrt)
Average salaries ( per Capita, 2004)
• Lithuania offers the lowest business costs among the 10 new EU members.
Bn. Eur
20,0
18,0
16,0
14,0
12,0
10,0
8,0
6,0
4,0
2,0
0,0
Real GDP Growth
7,2%
2000
2001
6,8%
10,5%
7,0%
2002
2003
2004
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).
Vilnius Municipal Investment Program
• EUR 62 mln. in 2005
• 101 projects will be
financed
70
60
50,2
50
40
30
• Mainly infrastructure
developments
62,2
32,9
25,6
20
10
0
2002*
2003*
2004
2005
Investments by the Municipality
*Resources of Development Fund
Construction volumes, million EUR
2000
1500
1000
500
0
Lithuania
Vilnius
2001
2002
2003
2004
796
264
964
350
1153
377
1949
641
Residential market in Vilnius city
New flats built in Vilnius
No.
4500
4362
3845
4000
3404
3500
3000
2208
2500
2000
2247
1497
1500
1000
500
0
2001
*forecast,
2002
2003
2004
2005*
2006*
Data not including individual houses.
“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.
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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
Thank you for your attention!
Visit us at
www.vilnius.lt
www.hanner.lt