Baltisches Haus

What Baltisches Haus does

Baltisches Haus is a Lithuanian family-owned commercial real estate company that develops, owns, and manages a portfolio of 100 commercial buildings totaling 230,000 m² across 40 cities in Lithuania. Its tenant mix is anchored by national and international retail chains — most visibly Rimi Lietuva and Iki, which occupy multiple shopping centers — alongside service providers and, more recently, medical/wellness operators. The company sells space primarily through B2B direct leasing with individually negotiated multi-year agreements that include indexation clauses, and supplements rental income with property management, maintenance, and utility services. Operationally the core platform is a tenant self-service portal ('Klientų savitarna') and a long-running in-house leasing/operations team rather than a technology product; roughly 51 group employees supported EUR 49.97 million of 2024 revenue and EUR 19.03 million of net profit, consistent with an asset-heavy landlord model.

The underlying physical technology is concentrated in building sustainability and energy efficiency rather than software. Multiple properties carry BREEAM In-Use 'Very good' certifications (Rimi Kretinga, Rimi Panevėžys, Iki Lentvaris, Žali Balsiai, etc.), the company was the first in the Baltic States to obtain BREEAM New Construction 'Very good' (2018 on Žali), and it holds a renewed ISO 50001 energy management certification. It has deployed nearly 3.5 MW of solar capacity across 21 buildings and is phasing out gas heating via a six-year heat-pump program backed by EUR 500,000 in annual capex. Major development projects include the full reconstruction of the 'Mada' shopping center in Vilnius Viršuliškės (BREEAM International New Construction interim 'Excellent', completion targeted September 2027) and a EUR 4.3 million commercial property opening in Palanga with Rimi Lietuva as anchor. Legal structure is UAB 'BALTISCHES HAUS' (private limited company) with three wholly-owned operating subsidiaries (UAB Limada, UAB Megapilė, UAB Terra Regina), headquartered at Bokšto g. 6, Vilnius.

Name

Baltisches Haus

Legal name

UAB „BALTISCHES HAUS"

Website

https://balthaus.eu

Company type

Private

Founded year

1995

Operating status

Operating

Short description

Baltisches Haus is a Lithuanian family-owned commercial real estate company that develops, owns, and manages 100 retail and service buildings totaling 230,000 m² across 40 cities, leasing primarily to national and international retail chains and service businesses on long-term indexed agreements.

Ownership category

akta.pro rank

Product category

Commercial Real Estate (Retail Property Leasing and Management)

NAICS

Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Rental and Leasing Services (532), Services to Buildings and Dwellings (5617)

SIC

Operators Of Nonresidential Buildings (6512), Real Estate Operators (No Developers) & Lessors (6510)

akta.pro primary industry

Mixed-Use Property Management (BPAJAGAE)

Keywords

• Commercial real estate leasing
• Property management services
• Retail space development
• Sustainable building operations
• Shopping center management

Headquarters

HQ city

Vilnius

HQ country

Lithuania

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Rental and Sublease Income: Primary revenue stream from leasing commercial spaces to retail and service tenants. Income increased by EUR 1.79 million in 2024 to EUR 37.93 million, driven by new lease agreements, renewals, and rent indexation.
2. Operating and Maintenance Services: Revenue from property management, maintenance services, and utilities. Increased due to higher prices for maintenance services and energy resources.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Baltisches Haus develops, owns, and manages a portfolio of more than 100 commercial buildings totaling 230,000 m² across 40 cities in Lithuania, leasing retail and service space to retail chains (e.g., Rimi Lietuva, Iki) and service businesses on long-term agreements. Its core offering is commercial real estate leasing combined with property, facility, and energy management services, supported by a tenant self-service portal and sustainability-certified buildings (BREEAM, ISO 50001), with own-developed properties such as "Žali", "Rimi" Kretinga, "Rimi" Panevėžys, "Iki" locations, "STUDLENDAS", "CENTRO", "Link Molėtų", "Bokšto skveras", and the Antakalnio medical and wellness center.

Product overview

Baltisches Haus is a commercial real estate management and development company operating a portfolio of 100+ commercial buildings totaling 230,000 m² across 40 cities in Lithuania. The company offers a tenant self-service portal (Klientų savitarna) for clients to manage accounts, view contracts, submit data, and access services. Their property portfolio includes retail and service centers under brands such as "Žali," "STUDLENDAS," "Rimi," "CENTRO," "Link Molėtų," and multiple "Iki" locations, as well as specialized properties including the Antakalnio medical and wellness center and "Bokšto skveras" commercial complex. Major ongoing projects include the "Mada" shopping center reconstruction in Vilnius (scheduled to open September 2027).

Differentiator

Problem solved

Functional benefit

Products and services

• Klientų savitarna (Customer Self-Service Portal) Tenant-facing online portal that allows commercial tenants to view payable amounts, register and review incidents and access requests, view company announcements, review contracts and related information, submit turnover data, and monitor utility meter readings.
• Commercial Real Estate Management and Development Services End-to-end commercial real estate services for retail chains and service businesses, including property portfolio management, tenant services, and sustainable building operations across Lithuania (covering property acquisition, redevelopment, leasing, property and facility management, and energy/utility operations).
• “Žali” Balsiuose Shopping and Service Center BREEAM-certified retail and service center in the Balsiai district of Vilnius, serving as a multi-tenant property for retail anchors and service providers and a reference property for Baltisches Haus's sustainability positioning.
• “STUDLENDAS” Klaipėda Shopping Center Large shopping center in Klaipėda developed jointly with Klaipėda University under a public-private partnership, providing retail and service space for multiple tenants.
• “Rimi” Kretinga Shopping Center BREEAM In-Use "Very good" certified retail property in Kretinga anchored by Rimi Lietuva, with extensive parking and on-site EV charging.
• “CENTRO” Alytus Shopping Center Multi-tenant shopping and service center in Alytus, one of the earliest Baltisches Haus properties and the largest shopping center in the city, located in its central commercial hub.
• “Rimi” Panevėžys Shopping Center BREEAM In-Use "Very good" certified retail property in Panevėžys anchored by Rimi Lietuva, the first collaboration between Baltisches Haus and Rimi, featuring CO2 refrigeration, motion-sensor lighting, and EV charging.
• “Link Molėtų” Riešė Shopping and Service Center Largest retail and service center by area and tenant count in the northern Vilnius / Riešė area, serving the growing Didžioji Riešė residential catchment.
• “Iki” Žirmūnai Shopping Center (Vilnius) Retail and service center in Vilnius's Žirmūnai district housing an early, large-format Iki store as well as additional tenants, situated at a busy intersection in a commercially active area.
• “Iki” Lentvaris Shopping Center BREEAM In-Use "Very good" certified shopping center in Lentvaris, near the railway station, anchored by Iki and supporting additional tenants; includes 60 parking spaces and EV charging.
• “Mada” Shopping Center (Reconstruction Project, Vilnius) Major reconstructed shopping center in Vilnius Viršuliškės district, targeting BREEAM International New Construction "Excellent" certification, intended as a flagship energy-efficient, sustainability-grade retail property.
• Antakalnio Medical and Wellness Center Specialized commercial property in the Antakalnis district of Vilnius, the first Baltisches Haus project dedicated to modern medical and wellness services, created through reconstruction of historical buildings.

Quantifiable outcome

• 7-9% of electricity consumption covered by solar power
• +2 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core.

• YIT LietuvacoreImplementation/ SI/ Consulting Partner · 4 March 2026General contractor for 'Mada' shopping center reconstruction project in Vilnius. Responsible for demolition of old building and construction of new facility, targeting completion by September 2027.
• Ignitis ONcoreStrategic or Co-development Partner · 13 June 2024Partnership to install at least 110 public electric vehicle charging points across 15 cities in Lithuania near Baltisches Haus properties. Currently 38 stations installed at 16 properties, completing about 60% of the project.
• Ignitis LietuvacoreStrategic or Co-development PartnerEV charging infrastructure partnership installing charging stations near shopping centers and commercial buildings throughout Lithuania.

Scale indicators9 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• EfTEN Real Estate Fund: Listed Baltic real estate fund investing in commercial properties (retail, office, logistics) across Estonia, Latvia, and Lithuania. Comparable because it acquires and operates income-producing commercial real estate in the same Baltic geographies with a focus on retail anchors.
• Akropolis Group: Lithuanian shopping center operator and developer with a portfolio of large regional malls (Akropolis Vilnius, Klaipėda, Šiauliai). Directly comparable as a domestic competitor leasing retail and service space to similar anchor tenants in overlapping Lithuanian cities.
• Eika: One of Lithuania's largest real estate developers and managers, active in residential, commercial, and retail properties. Comparable because it develops, owns, and manages Lithuanian real estate with overlapping commercial and mixed-use exposure.

Regional players

• Technopolis: Baltic operator of modern business parks and commercial workspaces, active in Lithuania, Latvia, and Estonia. Comparable as a regional commercial property manager with multi-country Baltic presence, though focused on office rather than retail.
• Kauno Prekybos Centrai (KPC): Lithuanian operator of shopping centers concentrated in the Kaunas region. Comparable as a domestic competitor in retail real estate management targeting similar grocery and service tenants, though focused on a different Lithuanian macro-region.

Broad incumbents

• YIT Lietuva: Major Finnish-Lithuanian construction and real estate developer, currently the general contractor for Baltisches Haus's Mada reconstruction. Comparable as a broader regional incumbent active in commercial property development and management in Lithuania.
• Citycon: Nordic listed owner and manager of grocery-anchored shopping centers across the Nordics and Baltics. Comparable because it leases retail space to grocery and service tenants under long-term agreements, similar to Baltisches Haus's anchor tenant model.
• NEPI Rockcastle: Largest listed CEE retail real estate platform, operating shopping centers across Central and Eastern Europe including Poland, Romania, and the Baltics. Comparable as a regional incumbent in commercial retail property ownership and management with similar tenant types.
• Atrium European Real Estate: Listed owner and operator of shopping centers in CEE, with historical exposure to Lithuania (e.g., SC Europa in Vilnius). Comparable as a broader incumbent in regional retail real estate management.

Others

• Lords LB Asset Management (Baltic real estate funds): Lithuanian asset manager with Baltic-focused real estate funds investing in commercial properties. Comparable as an adjacent capital provider and acquirer of Baltic commercial real estate, making it a relevant competitor for portfolio expansion or M&A.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/baltisches-haus

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

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

M&A

Investments1 record

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

Frequently asked questions about Baltisches Haus