Merko Starts 301-Apartment Residential Development in Vilnius

Estonian construction and real estate group Merko Ehitus has launched a new residential development in the railway station district of Vilnius through its Lithuanian subsidiary Merko Būstas.

The NaujiLinkai project will comprise 301 apartments across four buildings, with a shared underground car park.

Construction has started on the first phase at Pelesos Street 3. It includes two buildings with 185 apartments, commercial premises and the project’s entire underground parking complex. Completion is scheduled for the fourth quarter of 2028.

The development is located in the area surrounding Vilnius railway station, where the municipality and Lithuanian Railways are developing the 21-hectare Vilnius Connect project.

The broader regeneration plans include business and leisure facilities, green spaces and improved pedestrian links towards the Old Town, based on a design by Zaha Hadid Architects.

The first-phase NaujiLinkai apartments will range from 31 to 94 square metres, and the buildings will meet A++ energy efficiency standards.

Merko also plans to create a public park alongside the residential development on the site of a former industrial property.

The investment value of the NaujiLinkai project has not been disclosed.

Source: Merko Ehitus announcement.