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Ugnius Latvys, CEO of Baltic Asset Management, describes the project’s success as a well-considered investment. “This is our second project, which is being built in other unknown places in the capital by other real estate developers.
As soon as we publicly started sales, we received great interest from clients in this project. Other real estate developers, seeing a successful example, are already laying out their plans in this part of Naujamiestis. A very similar situation is repeated with our other project, “Ramu Du”, which is being developed right next door in Naujininkai.
The construction of the project is still nearing completion and we have already sold almost 90 percent. of all the apartments, ”says Ugnius Latvys.
The Storyline settlers settled in 25-66 square meters. m in energy class A + apartments with underfloor heating and recovery. Residents chose apartments of 63 thousand. up to 161 thousand. euros, the price per square meter started from 1798 euros.
All apartments have terraces or balconies with views of the old town or the train depot. The main singularity of the project is the roof terrace, where not only leisure and recreation spaces are established, but also entertainment spaces for residents. The settlers enjoy their own open-air cinema.
Currently, the infrastructure works planned by the Vilnius City Municipality are underway on Algirdo and Geležinkelio streets. The streets are maintained, the sidewalks are laid out, paths for bicycles and scooters are formed. “Part of Naujamiestis near Algirdo str. is changing significantly not only thanks to private investors, but also to the initiative of the Vilnius city municipality.
The squares are being managed around it and the Vilnius Connect project is being developed nearby, which will change this territory beyond recognition. After organizing this part of Naujamiestis, the city plans to connect Naujininkai with the central part of the city.
We note that residents, when choosing a home recently, not only assess the current situation, but are actively interested in what the area where they buy an apartment will be like in a few years. The choice of home becomes not so much an emotional purchase as a rational or even an investment, ”says Ugnius Latvys, director of Baltic Asset Management.
