After the successful execution of the first stage of a unique seaside residence project, project developer, AB Vilsota, and project advisor, a finance and real estate consulting company Re&Solution, continue their cooperation. Additional 123 Lithuanian apartments of Seaside Residence will be started to be built in autumn, 2006.

Seaside Residence is a unique project in Palanga, Daukanto str. 8. It is cozy apartments right by the seacoast and the downtown of Palanga in the neighbourhood of pine forest.

For the comfort of the landlords Seaside Residence offers spacious apartments, a magnificent view, SPA centre, an outdoor pool and underground parking lot. Moreover, at the request of apartment owners, professionals will take care about the management, maintenance, security and lease of this residential property.

“The exceptional feature of Seaside Residence is the unique place. Only 5 minutes to the sea and sandy coast and just few steps to the city centre. This is the only one building in Palanga with such excellent view to the sea,“ – Mr. Emilis Gustainis, General Director of AB Vilsota, states.

“Coastal area of the country and its real estate market are just starting to develop. More and more both local and foreign residents are looking for attractive availabilities to invest in the resorts of Lithuania. Seaside Residence seems to be the right project,” – adds Neringa Rastenytė, the Head of Re&Solution Investment department.

“The apartments at the seaside are a great investment, offering some attractive “protectors”. One of the main is the possibility to rent or, in other words, ‘employ’ the apartment,” – says Giedrius Ragaišis, the Project Manager of Re&Solution.

It is planned that the second Seaside Residence stage will finish in spring, 2008.