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PRESENTATION ON ST JACOBS

PRESENTATION ON ST JACOBS. ST JACOB’S. ST JACOB’S - SUMMARY. Location of Property: A 1.2 hectares property in the city centre of Vilnius overlooking the Neris River and adjacent the largest park square in the city. One minute walk from the main thoroughfare of Gedimino Avenue.

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PRESENTATION ON ST JACOBS

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  1. PRESENTATION ON ST JACOBS

  2. ST JACOB’S

  3. ST JACOB’S - SUMMARY • Location of Property: A 1.2 hectares property in the city centre of Vilnius overlooking the Neris River and adjacent the largest park square in the city. One minute walk from the main thoroughfare of Gedimino Avenue. • Development Plan: 21,000 gross square metre mixed use project with 13,860 gross square metres of commercial space and 7,080 gross square metres of residential space at the property. The project will be constructed in 2 stages, commercial first and then residential. The property will also have 350 underground parking places. • Planning Stage: Detail Plan by Vilnius Municipality City Council approved in April 2008. Building permission forecast to be granted by March 2008.

  4. ST JACOB’S - LOCATION • River Neris • Lukiskiu Square • Gedimino Avenue • New Financial District • Government Ministries • Retail and Restaurants

  5. ST JACOB’S - LOCATION A photograph of St Jacobs from the opposite bank of the river Neris

  6. ST JACOB’S – DEVELOPMENT PLAN Volume: A. 13,860 gross m2 of commercial space [including 3,930 m2 of ground floor retail] B. 7,080 gross m2 of residential space [including 1,169 m2 of ground floor retail] C. 9,100 gross m2 of underground parking [350 places] A B

  7. ST JACOB’S – DEVELOPMENT PLAN Stage 1: Office: 9,930 m2 47% Retail: 3,930 m2 19% Stage 2: Residential: 5,911 m2 28% Retail: 1,169 m2 6%

  8. ST JACOB’S – DEVELOPMENT PLAN • Concept: - Commercial: modern office centre or possibly 4/5 star hotel - Retail: uniting element in the commercial and residential parts on the ground floor - Residential: Luxury residential apartment complex • Staged Construction: - We will construct the project in 2 stages. (i) The first stage will be to construct the commercial part of the project (ii) Following completion of the first stage we will construct the residential part

  9. ST JACOB’S Architectural view of proposed new buildings from the river from the pre-project study approved by the heritage departments

  10. ST JACOB’S A view of the new commercial building on Tumo Vaizganto Street as seen from the Ministry of Finance

  11. ST JACOB’S A view of the project as seen from Lukiskiu Square and the Ministry of Foreign Affairs showing the commercial building from a side angle

  12. ST JACOB’S A computer visualisation showing the new commercial building

  13. PROJECTS – ST JACOB’S A computer visualisation showing the new commercial building

  14. ST JACOB’S – PLANNING PROCESS • Planning Timetable: (i) Master Plan: property has been approved for city centre use (office, retail and residential) (ii) Pre-project study approved by State and Municipal Heritage Departments (iii) Public Consultation completed (iv) Detail Plan approved in April 2008 (v) Building Permission by Q2 2009

  15. ST JACOB’S – CONSTRUCTION PROCESS • Construction Timetable: (i) Start of construction of 13,860 square metres of new commercial buildings in Q2 2009. (ii) Completion of construction of new commercial buildings in 15 months. (iii) Start of construction/renovation of 7,080 square metres of residential buildings on completion of the new commercial buildings. (iv) Completion of construction/renovation of residential buildings in 13 months.

  16. GUGGENHEIM/STATE HERMITAGE MUSEUM • Below is the winning visualisation from the recent architectural competition. • The government has already announced the setting up of a committee to deal with implementation of this project.

  17. LUKISKIU SQUARE • Vilnius Municipality is preparing for the refurbishment of Lukiskiu Square, which is immediately adjacent to the property. Below is an example from the architectural competition that has taken place.

  18. THANK YOU

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