Klaipėda FEZ received construction permit for the third FlexStart iteration

Flex Start Three, a real estate development company established by the Klaipėda FEZ, has received a construction permit for a 8.8 thousand square meter area production building, divided into six segments, designed for rapid adaptation to the needs of tenants. This marks the third building in the internationally acclaimed FlexStart family, facilitating businesses to launch production within weeks or months.

Construction itself is scheduled to commence in the near future, with completion expected in the first half of 2025. Approximately EUR 8.5 million will be invested in the building, of which EUR 5.12 million constitutes a loan from INVEGA.

The total area of the building complex will be around 8.8 thousand square meters, developed on a 1.7 hectare site.

FlexStart 03 will distinguish itself from its predecessors with greener spaces, more natural daylight and recreational areas. Additionally, in line with Klaipėda FEZ’s aim to promote the local economy, many of the building’s structural solutions will be sourced from local manufacturers.

The new facility will meet A++ energy efficiency standards, featuring smart heating and cooling systems utilizing heat generated during the production process. Furthermore, solar panels will be installed to fulfill part of the energy requirements, and both indoor and outdoor areas will be equipped with LED lighting and electric vehicle charging stations. The architectural design of the new FlexStart project was developed by the WALL architecture studio.

Darius Urbonas, Head of Real Estate Development Projects at Klaipėda FEZ, states that the third FlexStart building will become the most modern continuation of a successful strategy for rapid investor establishment and expansion. In the coming period, the FEZ management company intends to initiate negotiations with potential tenants from Lithuania and abroad.

“Swift investor establishment and expansion are relevant at all times. During prosperous market conditions, companies seek to commence production quickly to secure stronger initial positions or swiftly enter attractive sectors. However, speed and flexibility prove beneficial even in cooler economic climates: the first two FlexStart buildings have been utilized for existing investor expansion, temporary or permanent relocation of production lines, and various other scenarios. Both the FlexStart building family and other processes or decisions made by our team have long been associating Klaipėda FEZ with extraordinary speed and flexibility throughout the region,” affirms D. Urbonas.

Asta Gladkauskienė, Head of the Customer Service Department at INVEGA, previously noted that typical production purpose buildings are favorable for production expansion, as investors or manufacturers can establish themselves in an already constructed building and commence operations in a very short time.

“The existing Flex Start Two building, standing and operational within Klaipėda FEZ, was the first building financed by INVEGA’s managed funds, for which INVEGA provided a loan at the end of 2022, and which is currently fully leased to investors. This clearly demonstrates the need, benefits and importance of such buildings, not only in attracting investors who receive fully prepared building infrastructure but also in creating new job opportunities. We are pleased to finance the new Flex Start Three building which will further alleviate the shortage of such buildings in the market and undoubtedly attract new investors, directly contributing to the growth of the Lithuanian economy,” comments A. Gladkauskienė.

For some time now, the first two FlexStart buildings have been home to investors such as Werner Wirth Baltic, Etman, Glob-El, Pod Furniture, Memel Biotech, Albright, Retal Baltic Films and others. In 2017, the first FlexStart won the first-ever Quick Launch award from FDI Intelligence.

Klaipėda FEZ received construction permit for the third FlexStart iteration

Flex Start Three, a real estate development company established by the Klaipėda FEZ, has received a construction permit for a 8.8 thousand square meter area production building, divided into six segments, designed for rapid adaptation to the needs of tenants. This marks the third building in the internationally acclaimed FlexStart family, facilitating businesses to launch production within weeks or months.

Construction itself is scheduled to commence in the near future, with completion expected in the first half of 2025. Approximately EUR 8.5 million will be invested in the building, of which EUR 5.12 million constitutes a loan from INVEGA.

The total area of the building complex will be around 8.8 thousand square meters, developed on a 1.7 hectare site.

FlexStart 03 will distinguish itself from its predecessors with greener spaces, more natural daylight and recreational areas. Additionally, in line with Klaipėda FEZ’s aim to promote the local economy, many of the building’s structural solutions will be sourced from local manufacturers.

The new facility will meet A++ energy efficiency standards, featuring smart heating and cooling systems utilizing heat generated during the production process. Furthermore, solar panels will be installed to fulfill part of the energy requirements, and both indoor and outdoor areas will be equipped with LED lighting and electric vehicle charging stations. The architectural design of the new FlexStart project was developed by the WALL architecture studio.

Darius Urbonas, Head of Real Estate Development Projects at Klaipėda FEZ, states that the third FlexStart building will become the most modern continuation of a successful strategy for rapid investor establishment and expansion. In the coming period, the FEZ management company intends to initiate negotiations with potential tenants from Lithuania and abroad.

“Swift investor establishment and expansion are relevant at all times. During prosperous market conditions, companies seek to commence production quickly to secure stronger initial positions or swiftly enter attractive sectors. However, speed and flexibility prove beneficial even in cooler economic climates: the first two FlexStart buildings have been utilized for existing investor expansion, temporary or permanent relocation of production lines, and various other scenarios. Both the FlexStart building family and other processes or decisions made by our team have long been associating Klaipėda FEZ with extraordinary speed and flexibility throughout the region,” affirms D. Urbonas.

Asta Gladkauskienė, Head of the Customer Service Department at INVEGA, previously noted that typical production purpose buildings are favorable for production expansion, as investors or manufacturers can establish themselves in an already constructed building and commence operations in a very short time.

“The existing Flex Start Two building, standing and operational within Klaipėda FEZ, was the first building financed by INVEGA’s managed funds, for which INVEGA provided a loan at the end of 2022, and which is currently fully leased to investors. This clearly demonstrates the need, benefits and importance of such buildings, not only in attracting investors who receive fully prepared building infrastructure but also in creating new job opportunities. We are pleased to finance the new Flex Start Three building which will further alleviate the shortage of such buildings in the market and undoubtedly attract new investors, directly contributing to the growth of the Lithuanian economy,” comments A. Gladkauskienė.

For some time now, the first two FlexStart buildings have been home to investors such as Werner Wirth Baltic, Etman, Glob-El, Pod Furniture, Memel Biotech, Albright, Retal Baltic Films and others. In 2017, the first FlexStart won the first-ever Quick Launch award from FDI Intelligence.