YIT signs renovation contract for Mada shopping centre in Vilnius, Lithuania

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GlobalData

Wed, Apr 2, 2025, 8:35 AM 1 min read

Finnish operation institution YIT has partnered with Lithuanian institution JSC Limada for the €47m ($50.8m) renovation of the Mada buying centre successful Vilnius, Lithuania, with the signing of a tender-based contract.

The task encompasses astir 43,000m², including the refurbishment of the existing gathering and the summation of a caller parking area.

Post-renovation, the centre aims to execute an vigor people A rating.

The readying and plan signifier is scheduled to commence immediately, with operation opening successful September 2025. The anticipated completion day for this renovation is August 2027.

The declaration is acceptable to beryllium registered successful YIT's bid publication for the 2nd 4th of this year.

YIT, a institution engaging successful residential, public, commercial, and infrastructure construction, operates with a workforce of astir 4,100 professionals crossed 8 countries: Finland, Sweden, Estonia, Latvia, Lithuania, the Czech Republic, Slovakia, and Poland.

Last month, the institution entered into an statement with HUS Kiinteistöt to statesman the construction signifier of the Salvia gathering wrong the Meilahti infirmary country successful Helsinki, Finland.

Meanwhile, a period earlier, YIT obtained a readying preservation from the Business and Competitiveness Subcommittee of the Espoo City Board successful Finland.

This preservation is simply a measurement towards the improvement of an country northbound of the Leppävaara centre.

"YIT signs renovation declaration for Mada buying centre successful Vilnius, Lithuania" was primitively created and published by World Construction Network, a GlobalData owned brand.

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