The development is aiming to achieve BREAAM In-Use Excellent certification. Credit: YIT / Cision.

YIT has signed a general contract for the construction of the second phase of the office, trade, and logistics project, Urban HUB, for SBA Urban in Kaunas, Lithuania. 

The approximately €10m ($10.88m) contract will be recorded in YIT’s order book for the first quarter of this year. 

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Construction commenced at the beginning of the year and is scheduled for completion by the end of the year.

Real estate development and investment company SBA Urban awarded YIT the contract for the first phase of this project last May.  

The second phase of the Urban HUB Kaunas project will offer approximately 6,000m² of leasable space. 

See Also:

The new development will feature a one-storey structure with a mezzanine and an underground parking facility, accommodating 142 vehicles, including 66 electric car spaces. 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The IKI shopping centre, reported as the largest tenant, will occupy 1,700m² within Urban HUB, YIT noted.

The project is aiming for an A++ energy-efficiency rating and Building Research Establishment Environmental Assessment Methodology (BREEAM) In-Use Excellent certification. 

YIT Infrastructure EVP Aleksi Laine said: “Our long experience in managing regional contracts has established our operations throughout Finland. We are delighted that our clients trust our experience in the contract areas that have now been secured.  

“The maintenance of roads, streets and areas is a year-round service which ensures the functionality and the preservation of the value of our living environment.” 

YIT is responsible for managing both public and private road networks across ELY centres, cities, and municipalities.