Citus

What Citus does

Citus (legal entity UAB "CITUS") is a privately held Lithuanian residential real estate development company founded in 2012 and headquartered at Lvivo g. 25-701 in Vilnius. The company develops, markets, and sells residential properties across Lithuania's three primary urban and resort markets — Vilnius, Kaunas, and Druskininkai — operating under multiple sub-brands including CITUS Kadrai, CITUS Radio City, CITUS Nemunas, CITUS Mūnai, KAIP NIUJORKE by CITUS, CITUS Sãva, MIŠKO ARDAI by CITUS, CITUS Miesto akordai, and Klevų namai. Its product mix spans large multi-building residential quarters (e.g., the 411-unit CITUS Kadrai in Pašilaičiai, Vilnius, backed by a €49.32M total investment), industrial-conversion loft projects (CITUS Radio City in Žaliakalnis, Kaunas, a converted former radio factory "Banga"), boutique central-location apartments (CITUS Miesto akordai, 49 units in Šnipiškės), and resort apartments with an aparthotel management model (CITUS Nemunas in Druskininkai).

The company sells directly to end buyers and investors through a proprietary online reservation system that enables virtual property transactions, supplemented by project-specific microsites and a "Tinder-style" swipeable browsing interface on citus.lt. Distribution is supplemented by social channels (Facebook, LinkedIn, Instagram, YouTube), news/blog content, and direct client inquiry forms. Revenue is generated on a one-time basis per unit sold, with reservation contracts requiring a 15% deposit of the property price (or a €3,000 advance for certain pre-permit projects). Pricing is project-specific and not publicly disclosed; special online-only pricing is offered as an incentive for digital reservations. Properties feature A+ or A++ energy classes, individual floor heating, recuperation, and underground parking.

The company is led by CEO Mantas Galdikas, with Director Šarūnas Tarutis overseeing project execution and Development Manager Artūras Žimaila leading product strategy (e.g., CITUS Nemunas). Citus employs 51–100 people and operates without disclosed external institutional capital, functioning as a bootstrapped UAB (private limited liability company). Notable strategic evidence includes 291 units sold in Radio City phase I, 104 additional lofts released in Radio City phase II, 11 top-3 rankings in 12 months for CITUS Nemunas, projected 5.6% rental yields and 45% seven-year price appreciation for CITUS Miesto akordai investors, and a 14.3% year-on-year housing price increase in Pašilaičiai. The RSM Lithuania partnership supports sales strategy for the resort segment.

Name

Citus

Legal name

UAB "CITUS"

Website

https://citus.lt

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

51–100 employees

Short description

Citus is a privately held Lithuanian residential real estate developer founded in 2012, selling apartments, lofts, and resort properties directly to buyers and investors across Vilnius, Kaunas, and Druskininkai via an online reservation platform.

Ownership category

akta.pro rank

Product category

Residential Real Estate Development

NAICS

Lessors of Real Estate (5311)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Independent Living Real Estate Owners/Operators (REITs & Management Companies) (HLADAAAG)

akta.pro secondary industry

Multifamily Apartment Property Management (BPAJAFAA)

Keywords

• Residential real estate development
• Property sales and marketing
• Apartment construction
• Loft conversions
• Resort property investment

Headquarters

HQ city

Vilnius

HQ country

Lithuania

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Residential Property Development and Sales: Citus generates revenue through the development and sale of residential properties, including apartments, lofts, and multifunctional living spaces across Lithuania. The company sells units directly to end buyers and investors, with pricing that includes parking, bicycle storage, and special discounts for online purchases.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Citus develops and sells residential real estate across Lithuania, including apartments, loft conversions of industrial buildings, and resort properties with aparthotel models. The company sells units directly to end buyers and investors through an online reservation platform that supports virtual transactions, with pricing that bundles parking and bicycle storage and offers discounts for online purchases.

Product overview

CITUS is a Lithuanian real estate development company offering a diverse portfolio of residential and multi-functional projects. Their product range includes boutique apartments, loft conversions, resort properties, and large-scale residential quarters across Lithuania. The company operates both direct sales through their e-store platform and through partner platforms. Key projects include: CITUS Radio City (industrial loft conversion in Kaunas), CITUS Kadrai (large residential quarter in Vilnius), NEMUNAS BY CITUS (resort aparthotel in Druskininkai), KAIP NIUJORKE (New York-inspired apartments), and CITUS Miesto akordai (boutique project in Vilnius center). They also offer virtual property reservation services through their e-store.

Differentiator

Problem solved

Functional benefit

Brands

• CITUS Kadrai: Multi-building residential quarter in Vilnius (Pašilaičiai) with 411 apartments, padel, volleyball, and basketball courts, investment of 49.32 million euros.
• CITUS Radio City
• CITUS Nemunas
• CITUS Mūnai
• KAIP NIUJORKE by CITUS
• CITUS Miesto akordai
• CITUS Ežero takais
• CITUS Senamiesčio link
• CITUS Link ten
• CITUS PaJustis
• CITUS Būk čia
• CITUS Visi savi
• CITUS Kauno senamiesčio apartamentai
• CITUS Karaliaučiaus slėnis
• CITUS Neries ardai
• CITUS Jonučių namai
• Klevų namai

Products and services

• CITUS Mūnai
• KAIP NIUJORKE by CITUS Urban residential project featuring New York-inspired architecture and lifestyle concept, located in Kaunas.
• CITUS Kadrai Six-building residential quarter in Pašilaičiai, Vilnius with 411 apartments, sports facilities (padel, volleyball, basketball courts), and A++ energy efficiency. Total investment 49.32 million euros.
• CITUS Sãva Residential apartment project offering modern urban living spaces.
• CITUS Radio City Multi-functional conversion project of former radio factory 'Banga' in Žaliakalnis, Kaunas. Features industrial architecture with lofts, commercial spaces, and rooftop amenities including padel court and panoramic views.
• NEMUNAS BY CITUS Luxury resort apartments in Druskininkai featuring aparthotel model with rooftop pool, SPA, sūkurinė vonia (hot tub), restaurant, sports club, and workspaces. Offers investment return through developer-managed rental administration.
• Klevų namai New, economical and safe residential houses project in Dainavos district, Kaunas. Features 20-85 sqm units with 1-4 rooms, A+ energy class. 18 units available.
• CITUS Miesto akordai Boutique-style residential project in Šnipiškės, Vilnius with only 49 apartments. Targeted at investors seeking properties in limited-supply central location with projected 5.6% rental yield and 45% price appreciation over 7 years. Completion projected for Q1 2027.
• Online property reservation e-store An e-store system allowing customers to reserve property online, complete with digital transaction capabilities and special online pricing for investors and independent buyers. A reservation contract requires a 15% deposit of the property price; for certain projects, a 3,000 EUR advance payment is required, which is deducted from the 15% initial payment upon receiving the building permit.

Quantifiable outcome

• 5.6% projected rental yield for investors in Šnipiškės project
• +4 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• RSMcoreStrategic or Co-development PartnerRSM Lithuania partnered with Citus for the successful marketing and sales strategy of the CITUS Nemunas resort project. RSM's founder and CEO Olga Lapinskė noted that CITUS Nemunas pioneered the resort real estate segment, offering an aparthotel model with SPA facilities and rooftop pool, combining vacation property ownership with investment returns and developer-managed rental administration.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• Eften Capital: Baltic real estate investment and development firm that acquires and develops income-producing real estate across the Baltic states. Comparable in Baltic geographic focus and in combining development with ongoing operational management of real estate assets.

Direct peers

• Hepsor: Estonian-listed real estate developer focused on residential and commercial development in the Baltic region. Similar mid-scale developer profile to Citus, with comparable project types (residential apartment developments) and direct-to-buyer sales model.
• Merko Ehitus: Estonian-listed construction and real estate developer with residential development operations in the Baltic region. Closely comparable in scope: develops residential apartments for sale to end buyers, operates across multiple Baltic countries, and sells directly to consumers and investors.
• Bonava: Swedish residential developer that develops and sells multi-family and single-family housing across the Nordic and Baltic regions. Directly comparable business model of building, marketing, and selling residential units to consumers and investors, including in selected Baltic markets.

Broad incumbents

• YIT: Finnish construction and real estate development group with significant residential development operations across the Baltic states, including Lithuania. Comparable in residential development focus and multi-country Baltic footprint, but operates at much larger scale and broader product scope than Citus.

Regional players

• Ober-Haus: Lithuanian-headquartered real estate services company offering brokerage, valuation, and property management services in the Baltic region. Operates in the same Lithuanian market as Citus and competes for residential buyer attention, though its primary focus is brokerage rather than development.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@citusziniunamai2012
• Facebookfacebook.com/CitusNT
• LinkedInlinkedin.com/company/citusnt
• Instagraminstagram.com/citus_nt

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 Citus