INVL Baltic Real Estate hereby gives notification that the Vilnius City municipality has approved design proposals for the reconstruction of a complex that the Company owns in the city's Old Town at the address Vilniaus Street 33. Reconstruction of the complex is intended to create an administrative building with four floors and an attic for high-end offices. Its ground floor will contain restaurants and commercial premises.

Additional information: The Vilnius City municipality has approved design proposals for the reconstruction of a complex that the real estate investment company INVL Baltic Real Estate owns in the city's Old Town. He notes that this exceptional project is being developed in the protected Old Town of Vilnius, which is subject to strict requirements for heritage preservation. Thus, the process of preparing the technical design for reconstruction will not be fast or easy, and at this stage it is difficult to predict when the building permit will be granted.

Already in 2012, the property's original author, Justinas Šeibokas, drafted initial design proposals for reconstructing the former Communications Palace along Palangos and Vilniaus Streets. More recently, Vitekta and the author's son, architect Julius Šeibokas, searched long and responsibly for the best ways to upgrade the building and its environs while maintaining the original architectural character of the Communications Palace. Reconstruction of the complex at Vilniaus Street 33 is intended to create an administrative building with four floors and an attic for high-end offices.

Its ground floor will contain restaurants and commercial premises. Above-ground space in the building is planned to increase by 3,600 square metres after the reconstruction to 10,000 sq. m. The complex's public spaces, meanwhile, will become an attraction for the city's residents and visitors thanks to the non-standard, creative solutions envisaged.

In place of the above-ground car parks and on part of the roofs of the buildings, green spaces and recreation areas in line with contemporary standards are planned.