Investment management company EIKA Asset Management (EAM), part of EIKA Group, one of the leading real estate development groups in Lithuania, pays special attention to sustainability and long-term value creation when developing residential projects.
The project “Forest Sprint” in Vilnius, developed by EAM-managed “EIKA Residential Fund III”, was assessed according to the building’s life cycle, using the internationally recognized Life Cycle Assessment (LCA) methodology according to EN 15804 standard. This assessment allows for an objective assessment of the building’s impact on the climate over a 50-year period.
LCA according to EN 15804 – is a “full environmental audit of a building” from construction to demolition. The application of this methodology allows for the design of buildings with a lower CO₂ footprint, helps make informed decisions at the design stage, increases the attractiveness of the project to investors, and also reduces long-term operational risks and costs.
“Sustainability today is no longer an added value – it is a prerequisite for responsible investment. By assessing projects throughout their entire life cycle, we can make decisions that not only reduce environmental impact, but also create long-term value for investors and residents,” says Andrius Uždavinys, head of EAM.
Sustainability – better quality and investment value
After optimizing the design solutions, the total carbon footprint of the “Forest Sprint” buildings was reduced by 7.1 percent compared to the original solution. This was achieved by purposefully reviewing structural and architectural solutions – choosing materials with a lower CO₂ footprint, increasing the share of reusable solutions and optimizing structures.
The design focuses on those parts of the building that have the greatest impact on the climate – ceilings, facades, windows, elevators and courtyard coverings. The building’s durability is also assessed, with the aim of reducing the need for component replacement and ensuring more stable operating cost flows.
It is important that sustainability solutions were integrated while improving the overall quality of the product. For this reason, the increase in the cost of the project remained minimal – about 4 EUR/m² of saleable area.
One example is the choice of a clinker facade instead of a plastered facade, which has greater durability, lower maintenance costs and a lower environmental impact throughout its life cycle. Such solutions allow the project to better meet the expectations of investors.
According to A. Uždavinis, the “Forest Sprint” clearly demonstrates that sustainability is not an economic compromise. On the contrary, it helps to manage climate risks more effectively, increases the attractiveness of the asset in the market, and strengthens the project’s reputation among responsible investors.
A block of more than 500 apartments near the forest
At the end of 2025, EIKA Residential Fund III began active investment activities in Vilnius, near Visoriai Forest Park, and at the beginning of 2026, construction and sales of the project “Forest Sprint” began. The management of this project – construction and sales – was entrusted to the real estate project management company “EIKA Development”.
Construction of the first 5 houses has begun on a plot of more than 31,000 sq m, with completion planned for the third quarter of 2027.
Total investments in all three phases will exceed 70 million euros and the project will grow to a block of more than 500 apartments by the end of 2030. In total, the project will build 10 A++ energy class residential buildings that blend harmoniously into the natural environment.
In the first phase, buyers are offered 180 one- to four-room apartments with balconies or terraces, of which 86 have already been sold and another 20 apartments have been reserved.
An active lifestyle quarter surrounded by nature
The project is being developed as a space for active, healthy and communal living. Infrastructure that encourages daily movement is integrated throughout the territory: running and cycling paths, outdoor sports areas, special surfaces with exercise markings, and drinking water stations.
“Forest Sprint” reflects a modern urban direction – to create not only housing, but also quality of life, integrating nature, movement, and community.
About EIKA Asset Management
EIKA Asset Management is an investment management company that manages real estate funds and seeks to create long-term value for investors by integrating sustainability principles into all stages of project development.