Eika to invest another 11.8 million euros in Pilaitė


The Eika Group of Companies continues the development of residential buildings in Pilaitė and begins the construction phase of three more apartment buildings, with more than 260 apartments planned. It is planned that the first settlers will move into these houses in the second quarter of 2016.  

The Eika Group of Companies continues the development of residential buildings in Pilaitė and begins the construction phase of three more apartment buildings, with more than 260 apartments planned. It is planned that the first settlers will move into these houses in the second quarter of 2016.
 
“We have already sold more than 80 percent of the apartments in the houses currently under construction, so we decided to start the construction of new apartment buildings in Pilaitė. In the new phase, those looking for housing can choose 1-3-room apartments with spacious terraces or balconies. Those looking for one- and two-room apartments, which make up 40 percent of the new house, will have the greatest choice,” says Martynas Žibūda, development director of Eika.
 
The exceptional value of the “Eika namų Pilaitė” project is created by the use of modern construction technologies. The three-layer reinforced concrete house construction, common in Scandinavia, helps save on heating costs, reduces the likelihood of errors during construction, and is more resistant to mechanical damage.
 
The Eika Group of Companies will invest EUR 11.8 million in a new phase of residential development in Pilaitė. The company is currently developing projects in Santariškės, Jeruzalė, Bajorai, Naujamiestis and Senamiestis, offering more than 400 new-build apartments in Vilnius to those looking for housing.
 
 
About the Eika group of companies
 
Founded in 1992, EIKA is one of the largest real estate development and construction company groups in Lithuania, successfully developing residential, commercial, public and other purpose building projects, creating a new quality of life and work. The company has already built more than 3,000 apartments and 270 thousand square meters of buildings. Eika has been awarded many times as the best real estate developer in Lithuania, and the company’s projects “Santariškių namai” and “Eikos namai Pilaitė” have also become the best in Lithuania. The group of companies consists of: UAB “Eika” – a leader in the real estate market, valued for its innovation, reliability and responsibility; UAB “Eikos statyba” – a construction company with extensive experience in the construction and renovation of administrative, public, commercial, industrial and residential buildings.
 
More information:
 
Vitalija Roče
Marketing and Communications Manager
Phone: +370 5 2553 324
Mobile: +370 698 56273