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Hanner – Zalgiris Stadium Redevelopment – Lithuania - Project Profile

Hanner – Zalgiris Stadium Redevelopment – Lithuania - Project Profile

Synopsis

"Hanner – Zalgiris Stadium Redevelopment – Lithuania - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

The "Hanner – Zalgiris Stadium Redevelopment – Lithuania - Project Profile" is part of Timetric's database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.

Summary

Hanner AB (Hanner) is undertaking the redevelopment of Zalgiris Stadium in Vilnius, Lithuania.

The project involves the construction of business district on 6.5ha of land. It includes the construction of a 20,000m2 business center, a 200-room hotel, bars, seven residential buildings with 172 apartments and a 260-space parking lot on 1.4ha, restaurants, shopping malls, parking and related facilities.

In April 2015, Hanner acquired Zalgiris stadium for US$44 million for redeveloping it.

On October 19, 2015, demolition works commenced on the site.

In November 2015, Hanner held an open architectural competition for construction of hotel. Three teams participated – Rolando Paleko ARCH Studio, Audrius Ambraso architects and Gintautas Natkevicius architects – with registration deadline on December 4, 2015.

The in-house division of Hanner will undertake the construction works.

In fourth quarter of 2015, construction works commenced on 20,000m2 business center.

On November 9, 2016, Hanner signed a franchise contract with Marriot International for the operation of the hotel.

Construction activities on the hotel and business center are underway. Construction on a hotel is scheduled to be completed by 2018.

Scope

The project involves the construction of business district on 6.5ha of land in Vilnius, Lithuania.

The US$228 million project includes the following:

1. Construction of a 20, 000m2 business center

2. Construction of a hotel

3. Construction of bars

4. Construction of seven residential buildings with 172 apartments and a 260-space parking lot on 1.4ha

5. Construction of restaurants

6. Construction of shopping malls

7. Construction of parking facilities

8. Construction of related facilitiesReasons To Buy

  • Gain insight into the project.
  • Monitor the latest project developments.
  • Identify key project contacts.


1.Key Statistics
2.Key Dates
3.Sector
4.Operating metrics
5.Scope
6.Description
7.Latest update
8.Background
9.Key Contacts
10.General News, Project News
11.Appendix

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