Hanner – Zalgiris Stadium Redevelopment – Lithuania - Project Profile
"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.
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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.
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