“KG Constructions Group” has another big project in Lithuania

2022.09.28

New complex of residential skyscrapers

“KG Constructions Group”, an international company, well known for it’s specialization in designing, manufacturing, transporting and installing of building façade structures, will contribute to the “Skylum” project, which is being developed by real estate development and investment group “Omberg”.

It will be an exclusive, new-generation, two-20-story a complex of residential skyscrapers in Viršuliškės with  414 apartments and shared roof terraces, some relax/meeting zones and amazing view to the city. The total area of the two 70 meters high – rise buildings will reach about 22,000 square meters. sq. m. “Skylum” skyscrapers will be the tallest buildings of prefabricated reinforced concrete in Lithuania. In this project will be invested around 34 million euros.

“KG Constructions Group” is responsible for the design, project management, production, transportation and installation of 14 926  m2 unitised curtain walls. In total we will install 2622 units.

Other projects

Without this project “KG Constructions Group” won and is currently implementing such large projects in Lithuania as business centers in the center of the capital “Artery”, “Flow”, “Skylum”, “Teltonika HQ S14” increased the share of the Lithuanian market even up to 50%. Lithuania usually accounts for about 5-15% of our order basket – the rest goes to Scandinavia.

“It is worth mentioning that the company generates the most income from exports. Let’s say in 2021 most the majority of the income of the group of companies comes from exports from the Swedish market (72%), while Lithuania accounted for only 9%”, – says L. Karžinauskas.

The coming year

After the establishment of three new subsidiaries last year – in Switzerland, Norway and the United Kingdom, in the latter is planned to sign the first contracts in the new UK market in the fourth quarter of 2022. However, in 2023 the situation will change and the majority of the projects will be in the Scandinavian market, while Lithuania will make up about 17 percent.