INREAL Project “Dangės krantinės” was selected for Authenticity Certification


On 30 September 2016 “Dangės krantinės”, a project of apartments, holiday apartments, and commercial premises in Klaipėda old town developed by “Inreal valdymas”, was elected as one of the best real estate projects in the country representing preservation of authenticity and giving sense to the Lithuanian cultural heritage. Authenticity assessment of real estate projects is conduced by the Department of Cultural Heritage under the Ministry of Culture and Lithuanian Real Estate Development Association (LREDA).

“Dangės krantinės” is a project of apartments, holiday apartments, and commercial premises in Klaipėda old town at Turgaus Str. 37A on the bank of the River Danė (Dangė). This project is based on conversion of a cultural heritage area with a deep and rich history. The 17th – 19th century Fachwerk architecture warehouses are being restored-reconstructed by repurposing them for residential, business, and social needs. Authentic internal wood frame structures will be renovated in the buildings as protected cultural heritage, thus they would become unique interior elements of apartments and premises. The dismantled worthless red masonry shell of the external walls will be replaced and decorated with clinker tile finishing and wooden trusses typical to the architecture of the port city restored in accordance with the remaining fragments and analogues.

“The Project of “Dangės krantinės” was elected as one of the best ones in terms of representation of authenticity-oriented preservation of the Lithuanian cultural heritage as business develops the country’s real estate with major cultural value for the country”, said Diana Varnaitė, Director of the Department of Cultural Heritage under the Ministry of Culture. According to her, the main objective of the project is to actualize the value of the Lithuanian cultural heritage objects and to apply cultural heritage objects for social needs to a maximum scope.

According to Mindaugas Statulevičius, Director of the LREDA, authenticity assessment sets many different conditions for real estate developers seeking for a respective certificate. “Preservation and cherishing of authenticity creates long-term value for real estate operators. Having clear rules how to preserve heritage enables applying it for daily operation more often simultaneously creating value for the entire society “, M. Statulevičius told.

Gediminas Pruskus, Director of “Inreal valdymas”, developer of the Project, said that he supported this initiative of the Department of Cultural Heritage. “It is significant and important to make sure that the society knew and realised how complex conversion and heritage preservation projects were aiming not only for business benefits but also for sustainable development as well as preservation of cultural and historical values”, G. Pruskus said.

Archaeological research funded by Inreal Group formed a major stage of work prior to conversion of the territory and it remained a significant part of the entire work as it gave lots of information about the period before construction of churches started. The results of this research include determination of the location of the Lithuanian Church, specification of the size and arrangement of St. John’s Church, the phase of the city’s fortification with bastions, which started in the first half of the 17th century and went on with development until the beginning of the 18th century and which was relatively little known of in terms of archaeology. The research gave insight how the landscape of the territory evolved as bastions lost their significance in the area of defence and along with development of economic-production activities in the area. A herring sorting engineering system with no analogues in Lithuania was discovered during excavations of the 19th century cultural layer. It consisted of six wooden oval-shaped tubs with diameter ranging from 1.6 to 1.7 m and an approximate height of 1.2 m: they were dug into the ground and joined with each other by wooden and masonry ducts. This discovery gave a better understanding how herring used to kept and sorted in Klaipėda in the 19th century. Territory arrangement and archaeological research during development of Project “Dangės krantinės” will require additional investments of approximately 200 000 Euros.

As we have reported before, Inreal Group was announced as the National Champion at the prestigious European Business Awards in the category of Environmental and Business Sustainability for presentation of the Project “Dangės krantinės”.


Inreal group which includes UAB Inreal valdymas, UAB Inreal and UAB Inreal GEO offers probably the widest range of real estate services in Lithuania. Inreal group companies belong to AB Invalda privatus kapitalas. The companies currently have over 100 employees, as well as offices and agencies operating in 11 different Lithuanian cities and towns (Vilnius, Kaunas, Klaipėda, Šiauliai,Panevėžys, Mažeikiai, Alytus, Plungė, Utena, Tauragė, Druskininkai). During more than 20 years of operation, over 50 various real estate projects were implemented, which earned recognition and won awards both in Lithuanian and in international competitions. Real estate projects are curretly being developed: "Marių verandos" in Neringa, "Dangės krantinės" in Klaipėda's old town and "HIGHWAY" business center in Vilnius. Inreal manages around 120 000 sq. m. of commercial premises, mediates in lease and sale of more than 550 thousand sq. m. of commercial premises, over 550 residential housing objects, over 300 land plots, 50 residential housing projects, 24 investment projects or their portfolios. More than 4900 valuation reports and about 80 consultations (feasibility studies, investment memorandums, and market research) are being drawn up annually. The value of assets after their valuation exceeds 720 million euros.

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Rūta Merčaitienė | INREAL GROUP Head of Marketing and Communication | Mob. +370 611 29779 |

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