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Tuesday, 09.06.2026, 15:31
YIT to construct Prisma shopping center in Vilnius
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Prisma will be constructed on a plot acquired by YIT Kausta.
The total value of the project is approximately 12 million euros. The trade agreement was signed on June 6, 2013.
The construction work of the shopping center began in summer 2013, and Prisma supermarket is to open its doors in the second quarter of 2014.
Approximately 10,000 square meters of sales space have been planned in shopping center that will host small boutiques in addition to the Prisma supermarket. An underground car park will also be constructed in the shopping centere, with spaces for more than 300 cars, and the outside parking area can accommodate an additional 160 cars.
The shopping center to be constructed will be the fourth Prisma in Lithuania and the second in the capital, Vilnius. The location of the shopping center is excellent, as approximately 100,000 residents live in the area, and the Vilnius Ring Road, currently under construction, will be completed in the vicinity.
There are 53 Prisma shopping centers of the S Group in Finland, eight in Estonia, five in Latvia and 15 in Russia.
"Our company has renewed the local property development business. As a project developer in the new model, we are responsible for all stages of the project, from market analysis to the realization of ideas and concepts, as well as leasing and sales of the property. SOK selected us as its partner because we have years of experience of managing the building process, and our previous cooperation has been smooth and has built trust between us," says Kestutis Vanagas, Managing Director of YIT Kausta.
YIT Kausta has realized many property development projects in Lithuania. In 2007, the Kaunas logistics terminal, covering 30,000 square meters and worth 17 million euros, was completed in the Free Economic Zone (FEX) in the city of Kaunas. Currently, YIT Kausta is constructing a ‘Solo City’ residential block and ‘Grand Office’ business center on the plots next to Prisma in Vilnius.
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