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Merko laid corner stone to Vilnius Rinktinės Urban development project

The Rinktinės Urban residential development in Vilnius city centre comprises three residential buildings, an ibis hotel and two-storey underground parking to connect the entire complex. The hotel will be completed in summer 2018, with the residential buildings in the second half of 2018.

“The smart and open city of Vilnius is being renewed and is growing. Million euro investments are coming to the banks of the Neris River: at least three global hotel networks have plans to establish representations in the area between the Energy and Technology Museum and the former Palace of Concerts and Sports. In a couple of years, this area will be transformed into a site that will be particularly attractive to both tourists and local residents. I am glad to see such activity among investors, and my team in local government and I will do what we can to ensure that the new residents find comfort and wellbeing here,” said Remigijus Šimašius, the mayor of Vilnius, in his speech at the ceremony to bury a symbolic capsule.

The cornerstone event was held on 21 April. The start of the construction works for the complex is an important event for Vilnius city because the neglected plot in this location had been a blight on the image of both the area and Vilnius itself. Just a kilometre away, one can see modern skyscrapers to one side and the most important architectural monuments of the city on the other, including Gediminas’ Castle, while this location was seen as an isolated, rundown village by local residents and city guests. Now, this development will see the area become a cosy quarter with a hotel and residential apartment buildings.

“In considering the development plans of the city, we are proud to enrich the local market with this modern and perfectly located ibis hotel – the economy flagship brand of AccorHotels. As the Orbis strategy is based on sustainable development, ibis Vilnius will be the very first hotel in Lithuania with the green BREEAM certificate, which combines contemporary design, efficiency, comfort and guest well-being. This investment underines the growth of Orbis in terms of our development plans for AccorHotels branded hotels in the Baltic states in the near future,” added Gilles Clavie, President of the Management Board & CEO of Orbis S.A.

The ibis hotel to be built in the new complex will comply with green BREEAM standards for sustainable construction design. The hotel will house 164 rooms, a restaurant, bar and conference halls. It will be the first investment of Orbis Hotel Group, a partner of AccorHotels, in an economy class hotel in Lithuania. Investments in the hotel will amount to 11 million euros.

“We are happy to lay down the foundations for the new complex of buildings, which will noticeably change the face of central Vilnius. In recent years, Merko has accumulated a lot of expertise in both real estate development and construction projects in the city centre, so we have no doubt that this complex will integrate harmoniously into the overall picture of the capital as a modern and growing city,” said Saulius Putrimas, CEO of UAB Merko statyba, developer of the Rinktines Urban project. “We are one of the few international construction companies operating in Lithuania, and we can adhere to high standards of construction due to our workers’ experience and the latest technologies we apply. We hope the people who live in the houses we have built, along with our partners, have complete confidence in us. And we are happy to work together with our partner Orbis Hotel Group.”

“In this bustling and dynamic area of Vilnius, its future residents will have a quiet and isolated yard with decorative green zones, a playground for children, small architecture and decorative lighting,” said Tadas Balčiūnas and Dainius Čepurna, the architects and designers of the project.

They said the most important task for them was to develop a project that could effectively help to transform the neglected plot in central Vilnius into a city space with aesthetic value and one suitable for active city life, along with designing modern and comfortable homes that satisfying the contemporary needs of their residents.