What Hanner does

Hanner is a Lithuanian real estate development company founded in 1995 and headquartered in Vilnius. The company develops and sells residential apartments across economic to premium price segments and operates a portfolio of Class A and A+ commercial properties, including the Business Stadium multi-phase business district in central Vilnius, Verslo centras Europa (tallest office building in the Baltic states), City Business Center, and the Courtyard by Marriott Vilnius City Center hotel. Over 30 years Hanner has developed more than 6,000 apartments and over one million square meters of commercial real estate across Lithuania, Latvia, Romania, and Ukraine, with a cumulative real estate value exceeding €1 billion.

Hanner's business model combines one-time residential unit sales with recurring commercial rental income and property management services. Residential apartments are sold direct through a dedicated in-house sales team with project-specific microsites and physical sales offices, supported by flexible financing including an entry deposit of €3,000 and the Rent2Buy rent-to-own program partnered with Swedbank. Commercial space is leased through a specialized commercial real estate department. The portfolio is differentiated by early-mover energy efficiency (first A-class residential building in Lithuania in 2013, A++ projects underway), prestigious architectural partnerships (Zaha Hadid Architects on Business Stadium Central), and tenant amenities such as smart entry systems and an AI building assistant in Business Stadium North East.

Most recently Hanner has begun international expansion into Poland, breaking ground in June 2026 on a €27 million, 375-room student housing project in Gdańsk with partners 1 Asset Management, Upside Property, and Atlas Ward Polska, targeting summer 2027 completion. The company is privately held as a UAB (private limited liability company) under founder-aligned control, with no disclosed external funding rounds or public market listing.

Name

Hanner

Legal name

UAB „Hanner"

Website

https://hanner.lt

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

11–50 employees

Short description

Hanner is a Lithuanian real estate developer founded in 1995 that builds and sells residential apartments and Class A commercial properties in Vilnius and across the Baltics, CEE, and now Poland. It serves individual home buyers, commercial tenants, and institutional investors with a portfolio exceeding 1 million sq.m. and €1B in cumulative real estate value.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Rental and Leasing Services (532)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Operators Of Apartment Buildings (6513), Operators Of Nonresidential Buildings (6512), Hotels, Rooming Houses, Camps & Other Lodging Places (7000)

akta.pro primary industry

Multifamily (Apartment) Property Management (BPAJAGAD)

akta.pro secondary industry

Student Housing Property Management & Leasing Operators (THAMAGAK)

Keywords

• Residential real estate development
• Commercial property development
• Office space leasing
• Rent-to-own housing
• Sustainable construction

Headquarters

HQ city

Vilnius

HQ country

Lithuania

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Residential Apartment Sales: Sale of newly constructed residential apartments across Lithuania and international markets. Company develops and sells apartments in various price segments from economic to premium class.
2. Commercial Real Estate Rental: Rental of office spaces, shopping centers, and warehouses. Includes Business Stadium portfolio (Central, North, North East, West), Europa Business Center, City business center, and commercial premises in various projects.
3. Property Management Services: Building maintenance and client service operations through dedicated property administration team.
4. Rent2Buy (Būsto nuoma su išsipirkimu): Rent-to-own program allowing customers to rent apartments with the option to purchase within two years. Monthly rent payments count toward the 15% down payment requirement.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Hanner develops, sells, and leases residential apartments and commercial real estate (Class A/A+ office buildings, business centers, shopping centers, warehouses) in Lithuania and selected international markets. The company also operates the Rent2Buy rent-to-own financing program in partnership with Swedbank, and manages a Courtyard by Marriott hotel in Vilnius.

Product overview

Hanner is a Lithuanian real estate development company that operates as a single-product developer with multiple project offerings rather than a unified platform architecture. The company's portfolio spans three main categories: residential apartments (including Naujamiesčio Vingis, Algirdo alėja, Žirmūnų Era, Neries namai, Renesanso, Bajorų kalvos, Žvėryno Namai, Pilies Apartamentai, Ozo Namai, Gudelių Šilas), commercial properties and business centers (Business Stadium Central/West/North/North East, Verslo centras Europa, City Business Center, Live Up, Hill City, Šnipiškių solo), and hospitality (Courtyard by Marriott hotel). The company also offers the Rent2Buy financing service and operates internationally across Poland (student housing in Gdansk), Romania, Ukraine, and Latvia. Projects range from affordable housing to premium apartments and Class A+ office buildings.

Differentiator

Problem solved

Functional benefit

Brands

• Rent2Buy: A rent-to-buy service allowing customers to move into a new apartment immediately while accumulating a down payment over up to two years, with rent payments counting toward the purchase.
• Business Stadium
• Būsto nuoma su išsipirkimu

Products and services

• Naujamiesčio Vingis
• Algirdo alėja
• Žirmūnų Era
• Neries namai
• Renesanso
• Live Up
• Hill City
• Šnipiškių solo
• Business Stadium Central
• Business Stadium North East
• Business Stadium West
• Business Stadium North
• Verslo centras Europa
• City Business Center
• Bajorų kalvos
• Žvėryno Namai
• Pilies Apartamentai
• Ozo Namai
• Gudelių Šilas
• Courtyard by Marriott Vilnius City Center
• Rent2Buy (Būsto nuoma su išsipirkimu)

Quantifiable outcome

• 16% increase in Vilnius new apartment sales in H1 2026 vs H1 2025
• +3 more outcomes

Named customers9 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Upside PropertycoreImplementation/ SI/ Consulting PartnerGdansk-based developer responsible for project implementation of the student housing development. Upside Property handles local development execution for the 528-student capacity project near Galeria Bałtycka.
• Atlas Ward PolskacoreImplementation/ SI/ Consulting PartnerGeneral contractor for Gdansk student housing project. Atlas Ward Polska is responsible for construction execution of the 11,400 sq.m. building with planned completion in summer 2027.
• Europa Group (Romania)coreStrategic or Co-development PartnerRomanian partner for City Center Residence development in Bucharest. Europa Group managed project execution while Hanner provided development expertise. Project valued at 27 million EUR with 104 apartments and 6 houses.
• Zaha Hadid ArchitectscoreTechnology or IntegrationWorld-renowned architectural firm partnered with Unitectus to design Business Stadium Central. Project features 35-meter height building with nearly 24,000 sq.m. total area, green spaces covering 4,320 sq.m., and exclusive Zaha Hadid design solutions.
• UnitectuscoreTechnology or IntegrationLithuanian architectural studio collaborating with Zaha Hadid Architects on Business Stadium Central project. Provides local architectural expertise and project implementation support.
• Lithuanian Green Building CouncilminorStrategic or Co-development PartnerHanner initiated the development of Lithuanian Green Building Council in 2013, which engages in public education about sustainable buildings and environmental issues.
• ISM UniversityminorStrategic or Co-development PartnerCooperation with ISM University and support for VŠĮ ISM Fund 100 talent program. Investing in young individuals who will create Lithuania's future through education and talent development.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Bonava: Swedish residential developer active across the Nordics, Germany, and the Baltics. Comparable in volume of apartments developed annually and in addressing first-time buyer segments in CEE-adjacent markets.
• Eastnine: Swedish-Baltic commercial real estate company focused on prime office properties in Vilnius and Riga. Directly comparable to Hanner's Business Stadium/City Business Center/Europa office portfolio in Lithuania.
• Echo Investment: Polish real estate developer active in residential, retail, and office segments. Comparable as a relevant peer for Hanner's new Polish student housing/Gdańsk expansion push.
• YIT Corporation: Finnish construction and real estate developer with a major Baltic presence spanning residential, commercial, and mixed-use projects. Directly comparable to Hanner's integrated developer model and country footprint in Lithuania and the wider Baltics.
• Merko Ehitus: Estonian construction and real estate developer with significant Baltic operations covering apartments, offices, and civil works. Comparable integrated build-and-develop business model and regional positioning.
• Galio Group: Lithuanian real estate developer with residential and commercial projects in Vilnius. Closest direct local competitor sharing the same regulatory and demand environment.

Emerging players

• Capitalica Asset Management: Baltic real estate investment and asset management firm active in Lithuania and Latvia. Partial overlap with Hanner's commercial leasing and project investment activities in the Baltics.

Broad incumbents

• Technopolis: Northern European operator of office and coworking spaces with presence in the Baltics. Broader incumbent in the regional commercial real estate space, comparable to Hanner's leasing of Class A office stock to enterprise tenants.

Others

• Ober-Haus: Largest real estate services and brokerage firm in Lithuania and the Baltics. Adjacent to Hanner as both a long-standing office tenant (15+ years) and a comparable service provider in the same market.
• Lords LB Asset Management: Lithuanian asset manager with real estate and private equity funds active in the Baltic region. Adjacent to Hanner as a Baltic real estate capital allocator.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/HannerUAB
• LinkedInlinkedin.com/company/hanner

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hanner