Releven’s mixed-use project in Vilnius secures approval

25
Jul
2023
News - Releven’s mixed-use project in Vilnius secures approval #Baltics #development #Lithuania #mixed-use #residential #Vilnius

by Property Forum | Residential

The concept design solutions for the new mixed-use Horizontai project in Vilnius' CBD by real estate developer Releven received the approval of the municipality. The company expects to receive a construction permit for the construction of the €200 million project this year.


In total, six high-rises with an area of 55,000 square meters above ground will be constructed with offices, residential buildings, shops, and restaurants. The developer expects to commence construction works at the beginning of next year.

The tallest building of the project – a residential skyscraper – will reach a height of 85 m. The structure of the building will allow flexible changes in the interior spaces, adapting them to changing living conditions. The areas of residential premises will be significantly larger than average apartments in Vilnius. The largest will reach 190 square meters.

15-minute urban hub

Horizontai is one of the first projects in Vilnius aimed at promoting the implementation of the 15-minute city concept. Releven is creating such a quarter that would be comfortable to live and work in and meet all the needs of modern urbanites. This is a new concept of an inter-laced residential and office block, which, as the company hopes, will become an example for the development of other districts of Vilnius.

The Vilnius 'New City Centre' and its surrounding area boast a promising infrastructure, a sizable population, and the potential for rapid growth. Development plans for the district anticipate a significant influx of people in the future, making it likely that all essential resident services will operate successfully here. Currently, the district offers a considerable range of services; however, according to Viktoras Zubrecovas, there is still room for improvement, as some services are too far away.

Architectural vision

During the development of the project, two winners of the architectural competition were selected. The project of the accent residential skyscraper was prepared by the company Arches, and the multifunctional complex and the layout of the block are designed by Aketuri Architektai.

A CBD with potential

Mindaugas Pakalnis, the chief architect of the city of Vilnius, says that on the right bank of the Neris river in the 1960s, urban planners envisioned a new city centre with trade and offices. Today, the priorities are different. The city does not want a monofunctional office and shopping district that empties out in the evenings.

The architect notes that most of the capital's streets were planned first for cars, then for cyclists, and only then for pedestrians, and it should be the other way around. "Streets should be safe and pleasant for pedestrians, a strip of bushes should protect them from cars and pollution, trees should provide shade," he says.




Latest news


New leases

  • XXS GYM has signed a lease for over 850 sqm of space in the modern O3 Business Campus office complex, located on Opolska Street in the northern part of Cracow.
  • Alior Bank has extended its lease at Ocean Office Park B in Kraków to accommodate its Private Banking Department. The deal, supported by brokerage firm CBRE, marks the final stage of a two-year consolidation of the bank's Kraków operations. Following the expansion, the bank occupies approximately 7,000 sqm within the Cavatina Group-owned complex.
  • TriGranit has finalized a lease extension with Mondelez Europe Services to remain in the Signum Work Station building through 2032. Facilitated by broker CBRE, the agreement secures nearly 4,000 sqm of office surface for the global snacks group member within Warsaw’s Mokotów district.

New appointments

  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.
  • Czech investment group SCF has expanded its team by appointing Jan Simandl as Senior Leasing Team Leader. In this role, Simandl will oversee leasing activities across the company’s commercial property portfolio. He previously worked for CPI Property Group and CBRE.
  • Michał Kochanowski-Laren has joined Avison Young Poland’s Technical Advisory and Project Management team as Project Manager. In his new role, he is responsible for delivering a variety of consultancy projects across all segments of the commercial real estate market in Poland. Kochanowski-Laren is an electrical engineer and a graduate of the Warsaw University of Technology.


Latest news

News - Upvest enters Slovakia with €7.5 million resi project
23
Apr
2026

Upvest enters Slovakia with €7.5 million resi project

by Property Forum
Czech investment platform Upvest has entered the Slovak market with its first cross-border loan financing. The company secured a mezzanine construction loan of 187.5 million Czech crowns (€7.5 million) for the Zwirn 2 residential project in Bratislava.
Read more >
News - Large tenents stick to existing office space in Romania
23
Apr
2026

Large tenents stick to existing office space in Romania

by Property Forum
Nearly 9 out of 10 large companies in Romania plan to maintain their current office footprint in 2026, signalling a shift from expansion to optimization, according to a Colliers survey of 101 companies.
Read more >
News - Polish office regional markets edge close to 7 million sqm
23
Apr
2026

Polish office regional markets edge close to 7 million sqm

by Property Forum
At the end of Q1 2026, total office stock in the eight Polish regional markets reached 6.76 million sqm, according to The Polish Chamber of Commercial Real Estate (Pink).
Read more >


Property Forum ABOUT US

Property Forum is a leading event hub in the CEE real estate industry with over 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Warsaw, Budapest, Bucharest, Bratislava, Prague, Zagreb and Sofia, amongst other locations.
Please send press releases to
newsdesk AT property-forum DOT eu
MORE >

CONTACT

NEWSLETTER

 

Property Forum © 2017 – 2026 | Terms & conditions | Privacy policy