2019 07 03

Press Release

Mitnija begins fourth stage of S7 business center in Vilnius

Mitnija, the largest construction company in Lithuania, begins construction of the fourth and final stage of the S7 business center in the Žvėrynas neighborhood in Vilnius. The developer of the project is the real estate company M.M.M. Projektai, with which Mitnija signed a construction contract worth EUR 32 million. Mitnija will complete construction in June 2021.

S7 verslo centras 4etapas 01 - Mitnija begins fourth stage of S7 business center in Vilnius

The fourth stage of the S7 business center will comprise a six-story office building and a three-level underground parking garage. The total area of the building will be more than 21,500 sq. m: 12,500 sq. m of office space and 9,000 sq. m for the underground garage. The fourth stage of the project will conform to Class A+ energy efficiency requirements.

In 2016-2019 Mitnija built the first and second stages of S7 business center, which are now home to Danske Bank’s Global Services Center and Telia Lietuva. Both the third stage, which Mitnija will finish in December this year, and the fourth stage will be occupied by Danske Bank’s further expansion in Vilnius. Upon completion of the fourth stage, the total area of S7 business center will be 103,000 sq. m: 53,500 sq. m dedicated to office space and 49,500 sq. m in underground garage space.

S7 verslo centras 4etapas 04 - Mitnija begins fourth stage of S7 business center in Vilnius

Julius Gendvilis, CEO of Mitnija, says that the company’s entire team is proud to be responsible for the construction of one of the most modern and green office developments in the market and is pleased to have M.M.M. Projektai as a long-term client.

“From the very start of the first stage, we have built a friendly, open and professional relationship with our client, based on mutual trust. I am happy that it has continued to this day and that our collaboration in building such a large project is smooth, professional and effective. This has undoubtedly contributed to the project’s success – the first and second stages were completed on time and within the agreed budget. I am certain that the third and fourth stages will also be completed on time and all the construction-related risks will be managed professionally. Our entire team for this project has once again proved that a long-term relationship based on openness and trust creates the highest value both for us and our client,” says Julius Gendvilis.

S7 verslo centras 4etapas 02 - Mitnija begins fourth stage of S7 business center in Vilnius

The first and second stages of the S7 business center received many prestigious awards, such as BREEAM New Construction Excellent and LEESMAN+. The first building was also recognized as 2018’s best office project in the Baltic countries.