Continued Development of Business Garden Vilnius: Second Phase of Construction Approved

Continued Development of Business Garden Vilnius: Second Phase of Construction Approved

The business park Business Garden Vilnius, developed by Vastint Lithuania, has received approval for the second phase of its construction. In this phase, the business park in Vilnius will see the construction of two office buildings and a multi-story parking garage, along with the creation of more public spaces. The demand for employee-oriented offices in the capital is demonstrated by the fact that the office buildings from the first phase of development are fully leased.

The second phase of the Business Garden Vilnius business center will begin with the construction of an 8-level (basement, 6 above-ground floors, and a usable roof) parking garage. In total, more than 1,100 parking spaces will be created, some of which will be equipped for electric vehicle charging. According to Kęstutis Vedeckis, the head of the real estate development company Vastint Lithuania, the construction of this building should take 16 months and will meet the needs of many office tenants.

In this phase of the business park’s development, two more office buildings will also be constructed, with areas of 10,000 and 14,000 square meters, respectively. These office buildings are expected to be built within approximately two years.

“Following global trends, we continue to observe the increasing demand for spaces focused on employee health and comfort. Therefore, in addition to the modern offices that allow businesses to expand, part of the premises will continue to be allocated to cafes and other employee-serving establishments,” says the head of Vastint Lithuania.

The success of the first phase has encouraged further investment in the development of larger and more diverse public spaces. Next to the multi-story parking garage, a climbing wall will be installed. The business park concept will also integrate new bicycle and pedestrian paths. In the first phase, rest areas, benches, amphitheaters, and a special grilling area were installed. The new phase plans to add tennis courts, a volleyball court, a second basketball court, and a children’s play area for employees.

Great attention will continue to be paid to the largest green spaces among business centers in Lithuania—over 4,000 square meters of space was planted with more than 40,000 plants in the first phase. A total of nearly 0.5 million euros was invested in the greenery. Additionally, the Lazdynai forest, covering more than 10 hectares, thrives nearby.

“All these aspects important to employees, the focus on public spaces, and sustainability—such as the solar power plant installed on the business park’s roof, the use of durable materials during construction, and the implementation of energy-saving solutions—are appreciated by businesses. The expansion of existing tenants has resulted in all the office and retail spaces developed in the first phase, covering 42,000 square meters, being fully leased,” says K. Vedeckis.

Indrė Juščė, head of office solutions at Newsec, notes that the Business Garden Vilnius project is extremely successful and currently 100% leased. Projects with a strong concept, a wide range of services for tenants, convenient parking solutions, and, most importantly, high-quality office spaces, are in demand even when the market slows down. The professional climbing wall planned next to the multi-story parking garage is a perfect completion of the sports and wellness concept. This wall will be available not only to the Business Garden Vilnius community members but also to all Vilnius residents and city visitors.

Currently, office spaces in the Business Garden Vilnius business park are leased by Ignitis Group, Amber Grid, Epso-G, the U.S. information technology company Rocket Software, the recruitment company Alliance for Recruitment, BTA Baltic Insurance Company AS’s branch in Lithuania, CargoGO Logistics, COWI Lithuania, Ekskomisarų Biuras, GetJet, Hila, and other tenants.