2020-09-24

All vacant space in Green Hall 3 business centre rented out

The Vilnius office for the second-largest container shipping company in the world, MSC (Mediterranean Shipping Company), will be settling in the Green Hall business valley which is being developed by the SBA real estate company Urban Inventors. With the holding’s representation coming to an agreement on the office’s rent in the Green Hall 3 business centre, whose construction was completed this year, 100 per cent of the vacant space in the almost 3,000 square-metre building has been rented out.

“During the pandemic, companies take longer deliberating on their plans regarding offices, but our strategic decision to invest in sustainable business centres, which have the most advanced environmentally friendly technologies, is yielding results. Leading global companies are concerned with the solutions and conditions present in business centres for improving work efficiency and respecting the environment, and with the MSC office settling in, the new Green Hall 3 has been filled out with tenants,” SBA company Urban Inventors head Giedrius Cvilikas says.

MSC staff is due to move into the 170 square-metre office by winter. The shipping company’s representation will settle in next to the global risk evaluation company Moody’s, the Swiss pharmaceutical company Novartis, and the office hotel Monday Office.

Nine million euros have been invested in the Green Hall 3 business centre, with 0.5 million euros from this sum dedicated to landscaping and creating green zones. In total, the business valley next to river Neris, Green Hall, which is comprised of 3 buildings, drew around 42 million euros in investment from SBA. The companies that have settled there currently employ around 1,100 staff.

According to G. Cvilikas, two of the three buildings in the Green Hall business valley have been filled with tenants. The decision by Barclays to shift its global operations section away from Lithuania led to vacancies appearing in the business valley’s tallest building, but this space has since been filled. Of the nearly 10,000 square-metres of space in this business centre, more than 90 per cent has been rented out, while there is active interest by potential tenants for the remaining premises.

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