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New buildings for sale and rent will soon be built on Ryternos street in the Kaunas Free Economic Zone (FEZ): construction of five building complexes will begin on the 0.62 ha plot. Each of them will house between one and two companies requiring small warehousing or production facilities, an exhibition hall and an office.
The real estate development company REES that implements the FEZ business park plans to invest 2.5 million. Eur, and will start talking to clients along with construction.
Silys small rooms
Martynas Idonis, head of the company, said that the expectation of the project has led to the trends observed in the market, as more and more companies appear that occupy several square meters of premises.
If the company needs to rent or buy ~ 200,000 m2 M. m area of modern facilities, such practice is not available, almost all developers focus on larger companies and larger areas. Finally, when a company decides to build a building with a smaller area, it is difficult to find a small infrastructure parcel in a convenient location with infrastructure, says M. Idonis.
Kaunas FEZ was chosen for its construction due to its strategically convenient location with convenient transportation and developed infrastructure.
For the moment, the works will begin in the territory of the FEZ business park, and construction will begin in the coming weeks: a total of five buildings will be erected, where it will be possible to build one or two companies. 300 or 600 m2 will be offered m area of premises. The first home will take place in the fall.
The Architects AG studio sought to be multifunctional when designing buildings. The total area of a building is ~ 600 m2. m, but it is envisaged that the building can be divided into two blocks of a block area of ~ 300 square meters. subway. 170-230 square meters, for storage and production. m, office, commercial and exhibition hall 60-105 m2. m, auxiliary premises projected for dining room, change of employees, bathroom. wash and so on.
Daugja project
REES plans new stages of commercial real estate development in the territory of Kaunas FEZ.
According to Vytautas Petruis, Managing Director of Kaunas FEZ, currently Kaunas FEZ models are no longer possible: some clients are building the necessary premises independently, others are cooperating with real estate developers.
There is also a rental market: currently about 30 people rent one or another premises in the territory of Kaunas FEZ, – says V. Petruis.
It is a fact that due to the changing trend, the FEZ announces new construction projects for potential investors.
The trends are changing. As the example of Ireland shows, greenfield projects and many investors who want to quickly move production or expand it by renting premises, Eimantas Kiudulas, director of management company Klaipda FEZ, said very recently.
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