What Realco does

Realco (legal entity UAB "Realco") is a privately held Lithuanian real estate development company headquartered in Vilnius and operating as part of the ICOR group of Lithuanian-capital companies. Founded in 2006 (with the earliest confirmed operational activity of first Ozo Parkas residents in 2008), Realco develops residential, commercial, and public/infrastructure projects, primarily in Vilnius with international expansion initiated in 2024 to Marbella, Spain. The company spans all residential price tiers — luxury (Algirdo 3, Vileišio 27), premium (Ozo Parkas, Baltupis), mid-market (GO Life, Linkmenų Ežerai), and economic class (OPTI.MIST, 7 Vakarai) — alongside a commercial portfolio that includes the Hero Business Centre (WELL Gold, BREEAM OUTSTANDING, 31,350 sq.m), Pentagon (LEED Gold), and Alpha/Beta/Gamma office buildings, as well as public infrastructure (Ozas Shopping Centre, Vichy Water Park, Delfi Sport Centre).

The core 'technology' is conventional sustainable real estate construction: energy-efficient building standards (A+ to A++ ratings), advanced air purification and humidification systems in Hero, and design collaboration with established architectural studios (archės, 313 architects, Unitectus). The company's competitive positioning rests on sustainability certifications, prime locations in Vilnius central districts, and integration of residential, commercial, and public facilities into cluster ecosystems rather than any proprietary digital or AI platform.

Realco's business model combines one-time revenue from residential property sales (425 apartments sold in 2019, +9% YoY, 36% YoY in H1 2019) with recurring revenue from commercial leasing (the Hero and Pentagon office buildings) and project-based revenue from large-scale public infrastructure delivery. The company is funded primarily through project-level debt (Swedbank EUR 67M facility, EUR 58.6M redeemed bond), reinvested proceeds, and parent group backing, with distribution conducted via in-house direct sales teams and project-specific microsites. The CEO is Julius Dovidonis, with Marijonas Chmieliauskas as Sales Director. Realco employs 33 people and operates through 14 related legal entities under the ICOR umbrella.

Name

Realco

Legal name

UAB "Realco"

Website

https://realco.lt

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

11–50 employees

Short description

Realco is a Lithuanian real estate developer and part of the ICOR group, building residential, commercial office, and public infrastructure projects across Vilnius and expanding into luxury villa development in Spain's Costa del Sol.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Lessors of Other Real Estate Property (531190), Real Estate Property Managers (53131)

SIC

Real Estate Dealers (For Their Own Account) (6532), Land Subdividers & Developers (No Cemeteries) (6552), Lessors Of Real Property, Nec (6519), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

New Construction & Builder Sales (BPAJAAAB)

akta.pro secondary industry

Residential General Contracting (New Build) (IMAFAAAB)

Keywords

• Residential property development
• Commercial real estate leasing
• Public infrastructure projects
• Sustainable building certification
• Mixed-use real estate

Headquarters

HQ city

Vilnius

HQ country

Lithuania

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Residential property sales: Realco develops and sells residential apartments and houses across multiple price segments (luxury class Algirdo 3, mid-segment GO Life, premium Vileisio 27, economic-class OPTI.MIST). Revenue generated from direct property sales to end buyers.
2. Commercial property leasing: Commercial real estate portfolio including Hero business centre (31,350 sq.m leasable area), Pentagon Business Centre, Alfa, Beta, Gama office buildings leased to business tenants. Revenue from long-term office and retail leases.
3. Public infrastructure projects: Development and delivery of public-use facilities including Vichy water park, Delfi sport centre, and Ozas shopping centre (172,000 sq.m total area with 180 stores).
4. International property development: Luxury villa development in Marbella, Spain (Ocean 11 project with 11 premium villas priced from EUR 2.55 million each), targeting international buyers.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Realco is a Vilnius-based real estate developer that designs, builds, sells and leases residential, commercial and public properties across Lithuania, with selected international projects. The company delivers premium, mid-market and economic apartment developments, Class A/B commercial business centres, and public infrastructure such as water parks and sports centres, and sells or leases those assets directly to consumers and businesses.

Product overview

Realco is a Lithuanian real estate development company belonging to the ICOR group that develops residential, commercial, and public projects. The product portfolio includes multiple residential projects across Vilnius (OPTI.MIST, Algirdo 3, Baltupis, JUST-IN, VILEIŠIO 27, GO LIFE, 7 VAKARAI, Žvėryno Panoramos, Linkmenų Ežerai, Ozo Parkas, Šventosios Vartai, Prie Vilnelės, Juozapavičiaus 13), commercial properties (Hero Business Centre, Pentagon, GAMA, BETA, ALFA buildings), public facilities (Vichy Water Park, Delfi Sport Centre, Ozas Shopping Centre), and international projects (Ocean 11 villas in Marbella, Spain). The company operates as a single unified real estate development firm rather than a modular software platform, with projects ranging from luxury residences to economic-class apartments and LEED/BREEAM-certified commercial buildings.

Differentiator

Problem solved

Functional benefit

Brands

• OPTI.MIST: New Realco residential project in Lazdynuose, Vilnius. Tagline: 'Namai šviečiantiems ryškiau' (Homes shining brighter). A green residential neighbourhood near the Neris River designed for modern urban dwellers seeking proximity to nature with quick access to the city centre.
• Algirdo 3
• Baltupis
• Just-In
• Hero
• Vileišio 27
• Žvėryno panoramos
• Linkmenų ežerai (The Lakes Linkmenai)
• Ozo Parkas / Ozas Park
• 7 vakarai (7 Evenings)
• Šventosios vartai (Gate of Šventoji)
• Prie Vilnelės (At the Shore of Vilnelė River)
• Ocean 11
• Go Life
• Juozapavičiaus 13
• Vichy Vandens Parkas (Vichy Water Park)
• Delfi Sporto Centras (Delfi Sport Centre)
• Pentagon Business Centre
• Prekybos Centras Ozas (Ozas Shopping Centre)

Products and services

• OPTI.MIST Premium residential apartment development in Vilnius, offering high-spec sustainable housing for HNW individuals and investors.
• Algirdo 3 Premium residential apartment development in central Vilnius, offering high-end apartments in a prestigious city location.
• Žvėryno Panoramos Luxury residential project in the prestigious Žvėrynas district of Vilnius, targeting HNW buyers seeking premium panoramic homes.
• Linkmenų Ežerai Premium residential development near the Linkmenas lakes in Vilnius, offering high-end apartments with lake views.
• Baltupis Mid-market residential development in Vilnius offering family apartments in a well-connected neighborhood.
• JUST-IN Mid-market residential project in Vilnius offering functional apartments for families and individuals.
• VILEIŠIO 27 Mid-market residential development in Vilnius providing family-oriented apartments.
• GO LIFE Mid-market residential development in Vilnius targeting families and active lifestyle buyers.
• 7 VAKARAI Mid-market residential project in Vilnius offering functional apartments to mid-income buyers.
• OZO PARKAS Economic-class residential project in Vilnius, providing affordable housing to first-time buyers and budget-conscious households.
• Šventosios Vartai Economic-class residential development in Vilnius, providing affordable apartments to first-time buyers.
• Prie Vilnelės Economic-class residential project along the Vilnelė river in Vilnius, offering affordable apartments with river views.
• Juozapavičiaus 13 Planned residential development in Vilnius, part of Realco's residential pipeline.
• Ocean 11 International luxury residential project in Marbella, Spain, targeting HNW international buyers and investors seeking Mediterranean vacation or investment properties.
• Hero Business Centre Commercial business centre in Vilnius, leased to corporate tenants seeking modern office space.
• Pentagon Business Centre Commercial business centre in Vilnius, leased to corporate tenants for office use.
• GAMA Building Commercial office building in Vilnius, leased to business tenants.
• BETA Building Commercial office building in Vilnius, leased to corporate and SME tenants.
• ALFA Building Commercial office building in Vilnius, leased to business tenants.
• Vichy Water Park Public water park project developed by Realco, serving the general public and tourism users.
• Delfi Sport Centre Public sports centre developed by Realco, serving general public and athletic users.
• Ozas Shopping Centre Large-scale shopping and leisure centre developed by Realco in Vilnius, serving retail tenants and the general public.

Quantifiable outcome

• Sold 425 apartments in Vilnius in 2019, a 9% increase over 2018
• +5 more outcomes

Segments6 records

Ideal customer profiles5 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.

• Arches architectural studiominorStrategic or Co-development Partner · 1 January 2020The Algirdo 3 luxury residential project was designed in collaboration with the Arches architectural studio. The studio enriched the project with unique architectural solutions, including low-rise design, street perimeter completion, and modern private courtyard design.

Scale indicators14 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• NCC (Nordic Construction Company): Major Nordic construction and real estate development company active across Sweden, Norway, Denmark, Finland, and the Baltics. Comparable to Realco as a large-scale multi-segment developer (residential, commercial, public infrastructure) but operating at materially larger scale across multiple Nordic geographies.

Direct peers

• Kapitel: Swedish-listed property developer focused on commercial real estate in the Nordics and Baltics. Comparable to Realco's commercial office development pipeline (Hero Business Centre) in product type and target tenant base.
• Hepsor: Estonian-listed real estate developer active in Estonia, Latvia, and Lithuania with residential apartment projects. Comparable to Realco in multi-country Baltic residential development strategy, energy-efficient building design, and project-level development pipeline.
• Vastint Lithuania: International real estate developer (IKEA-linked) operating commercial office and residential developments in the Baltics. Comparable to Realco in premium commercial office development in Vilnius (similar tenant profile) and sustainability-certified building delivery.
• Eika Group: Lithuanian real estate developer focused on residential and commercial projects in Vilnius. Directly comparable to Realco as a domestic Lithuanian peer operating in the same Vilnius market with similar mid- to upper-segment apartment offerings and direct developer-to-buyer sales model.
• YIT: YIT is one of the largest residential and commercial developers in the Nordic and Baltic countries, with active housing construction in Lithuania. Directly comparable to Realco in residential multi-family development, energy-efficient design (YIT uses its own sustainability standards), and direct-to-buyer sales model across the Baltic region.
• Merko Ehitus: Estonian-listed construction and real estate developer with extensive Baltic residential apartment development. Comparable to Realco in multi-family housing projects, energy class A building standards, and project-level subsidiary structure across the Baltics.

Regional players

• Eften Capital: Estonian-listed real estate fund focused on commercial property investment in the Baltic capitals. Comparable to Realco's Hero/Pentagon commercial portfolio in tenant profile, though Eften operates as a fund/REIT rather than integrated developer.
• Ober-Haus: Baltic real estate services firm with offices across Lithuania, Latvia, and Estonia, active in residential development brokerage and investment advisory. Comparable to Realco as a Baltic-focused real estate operator with overlapping geographic exposure, though Ober-Haus is primarily a brokerage/advisory rather than developer.
• Eastnine: Swedish-listed real estate company focused on premium office properties in the Baltic capitals. Comparable to Realco's commercial portfolio (Hero, Pentagon) in target tenant profile and Vilnius CBD exposure, though Eastnine is purely a landlord rather than integrated developer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/RealcoNamai
• LinkedInlinkedin.com/company/uab-realco
• Instagraminstagram.com/realco.lt

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries13 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 Realco