Rewo

What Rewo does

Rewo (legal name UAB "REWO") is a Vilnius-headquartered residential real estate developer founded in 2004 and one of Lithuania's largest housing developers, with a track record of more than 2,300 developed or in-pipeline units across Vilnius and Kaunas. The company develops a diversified residential product portfolio spanning compact urban studios, multi-level townhouse-style apartments with private courtyards, premium apartments in prestigious neighborhoods (Turniškės, Žvėrynas, Valakampiai), heritage loft conversions (Soho Lofts, Radio Lofts, Belmonto Loftai), and serviced individual land plots (Sklypai Kalnėnų). Rewo pioneered the "butas su namo privalumais" (apartment with house advantages) typology in Lithuania, offering multi-level units with private yards, terraces, and separate entrances as a house alternative at apartment-equivalent prices.

The company's core product is built around land acquisition, planning, construction, and direct-to-consumer sale of residential units, supported by an integrated neighborhood development model that bundles social and recreational infrastructure (schools, kindergartens, tennis academies, parks) into master-planned communities such as Kalnėnai. Rewo's business model is project-by-project real estate development: it sells units directly via dedicated on-site sales offices, project microsites, and its Vilnius headquarters, with pricing per unit or per square meter ranging from ~EUR 35,900 (compact studios) to EUR 2,500–6,000/sqm (premium) and EUR 7,500–9,000/acre (land plots). The company employs 11–50 staff, sold 246 units in 2018, achieved group pro-forma revenue of EUR 26.5M in 2017 (net profit ~EUR 5M), and reported double (2x) sales growth in 2025. Add-on services include full interior finishing packages and a bundled EUR 10,000 property and civil liability insurance policy through a partnership with ADB Compensa Vienna Insurance Group. Financing is sourced from bank debt, founder equity, and capital markets (a EUR 3M, 12% bond issued in 2018 via the Rontgen crowdfunding platform, since repaid).

As of 2025, Rewo has four active projects — Leičiai (676 units), MO VILLAS, Algirdo Mono (37 units, completing 2026), and Talino (447 units) — and a new Old Town project on Bokšto gatvė with permit received in September 2025. The company is led by CEO Gediminas Mickėnas, who succeeded the prior leadership in September 2025, and remains privately held by its founders (Edvinas Malevskis, Mindaugas Devėnas, Andrius Voišnis, Edvinas Lukaševičius).

Name

Rewo

Legal name

UAB "REWO"

Website

https://rewo.lt

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

11–50 employees

Short description

Rewo is a Vilnius-based Lithuanian residential real estate developer, operating since 2004, that builds and sells apartments, multi-level townhouse-style units, lofts, and land plots directly to individual buyers, families, and small investors in Vilnius and Kaunas.

Ownership category

akta.pro rank

Product category

Residential Real Estate Development

NAICS

New Housing For-Sale Builders (236117), Residential Building Construction (23611), New Multifamily Housing Construction (except For-Sale Builders) (236116)

SIC

General Bldg Contractors - Residential Bldgs (1520)

akta.pro primary industry

Custom Home Building (IMAFABAC)

akta.pro secondary industry

Architectural Reconfiguration & Structural Alterations (HSAPAEAB)

Keywords

• Residential real estate development
• Apartment construction
• Townhouse housing projects
• Loft conversions
• Land plot development

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, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Residential property sales: Rewo generates the vast majority of revenue from selling residential units it develops. This includes apartments, townhouse-style units, lofts, and individual plots. Revenue is realized upon property handover/closing. The company has a diversified portfolio spanning economy, mid-market, and premium segments.
2. Bond issuance and alternative financing: Rewo has issued bonds (e.g., 3 mEUR, 14-month, 12% annual interest) to finance development projects, with returns distributed to bond investors. This represents an alternative financing and capital-raising mechanism alongside traditional bank lending.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

Rewo is a Vilnius-based residential real estate developer that designs, constructs, and sells housing units across diverse typologies including townhouse-style apartments with private courtyards, loft conversions of heritage industrial buildings, premium apartments, standard multi-unit residential complexes, and serviced land plots. The company sells units directly to end consumers (individual buyers, families, investors) through project-specific sales teams, on-site showrooms, and dedicated project websites, with currently active developments including Leičiai (676 units), MO VILLAS, ALGIRDO MONO, and TALINO.

Product overview

Rewo is a Lithuanian real estate development company operating since 2004, specializing in residential property development across Vilnius and Kaunas. The company offers a diverse portfolio of housing solutions ranging from compact urban studios to premium apartments and English-style townhouses with private yards. Currently implemented projects include REWO/Leičiai (676 units), REWO/MO VILLAS, REWO/ALGIRDO MONO (37 units), and REWO/TALINO (447 units). The completed portfolio includes 23 projects such as loft conversions (Soho Lofts, Radio Lofts, Belmonto Loftai), townhouse-style developments (Naujoji Anglija, Nok Nok Home, Town House), traditional apartments (Žygimantų 12, Ozo kvartetas), and premium villas (Turniškių dominija, Valakampių krantas). Value-added services include full interior finishing packages and bundled insurance through Compensa Vienna Insurance Group.

Differentiator

Problem solved

Functional benefit

Products and services

• REWO/Leičiai residential development Currently implemented multi-unit residential development at Leičių g. 4, Vilnius, with 676 residential units. One of four flagship ongoing projects of UAB REWO.
• REWO/MO VILLAS premium residential project Premium villa-style residential development at Mozūriškių g. 240, Vilnius. One of four flagship ongoing projects.
• REWO/ALGIRDO MONO residential development Residential development at Algirdo g. 12, Vilnius, comprising 37 residential units. Construction completion targeted for 2026.
• REWO/TALINO residential development Multi-unit residential project at Talino g., Vilnius, with 447 residential units. One of four flagship ongoing Rewo developments.
• REWO Be rūpesčių (Full finish / turnkey interior package) Full interior finishing package (Pilna apdaila) offered across REWO residential projects, providing complete interior finishing coordinated with trusted partners so buyers can move in immediately without coordinating tradespeople.
• Compensa property and liability insurance bundle Complimentary one-year property and civil liability insurance worth EUR 10,000 from ADB Compensa Vienna Insurance Group, bundled with every apartment purchase in Rewo projects to satisfy bank requirements.

Quantifiable outcome

• 49% increase in H1 2019 unit sales vs H1 2018, reaching 186 units — outpacing the overall Vilnius market growth rate of 69%
• +4 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature3 records

Partnerships

Six partnerships are on record, tiered core and minor.

• ADB Compensa Vienna Insurance GroupcoreStrategic or Co-development Partner · 1 September 2025Rewo partners with ADB Compensa Vienna Insurance Group to offer buyers a complimentary one-year insurance policy worth EUR 10,000 with every apartment purchase in Rewo projects. The insurance meets bank requirements and covers both property and civil liability. Rewo may also transmit buyer personal data to Compensa with buyer consent for insurance offerings.
• Merko statybaminorImplementation/ SI/ Consulting Partner · 1 September 2025Construction company contracted to build the Karalienės Mortos mokykla and Vaikystės sodas school/kindergarten complex in the Sklypai Kalnėnuose development, as commissioned by BaltCap Infrastructure Fund.
• Balžeko teniso akademija (Balzekas Tennis Academy)minorStrategic or Co-development Partner · 21 January 2019Balžeko teniso akademija, led by Arūnas Balžekas, plans to invest EUR 3–3.5 million to build a new 4 indoor + 3 outdoor tennis court center (4,500 sqm building) within the Sklypai Kalnėnuose development. The center will also include a kindergarten and café. Construction planned to start in 2021. Designed by 2L Architektai.
• Karalienės Mortos mokyklacoreOthers · 20 September 2018Karalienės Mortos mokykla, a Cambridge-accredited school and IB candidate, relocated to purpose-built 7,431 sqm facilities in the Sklypai Kalnėnuose development, built by BaltCap Infrastructure Fund. The school has campuses in Vilnius, Kaunas, and Klaipėda. 800 children can be enrolled.
• Vaikystės sodas (kindergarten)minorOthers · 20 September 2018Vaikystės sodas kindergarten (part of the same network as Karalienės Mortos mokykla, operating 16 locations across Vilnius, Kaunas, Klaipėda, and Panevėžys) co-locates in the same building as the school in the Kalnėnai development.
• Archplius (design studio)minorStrategic or Co-development Partner · 1 July 2018Archplius designers created the demonstration interior for the Nok Nok Home project, designing the 83 sqm townhouse unit to showcase the layout possibilities of the multi-level apartment concept.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Peab: Major Scandinavian construction group with Nordic residential development operations. Built at much larger scale, but exercises comparable competencies in project development, contractor coordination, and integrated neighborhood building.
• Ober-Haus: Largest Lithuanian real estate agency and advisory, providing brokerage, valuation, and consulting in addition to some investment activity. Competes for Vilnius property buyers and provides a comparable market view, though not a direct builder.
• Bonava: Swedish-listed residential developer active across the Nordics and Baltics, building multi-unit housing and townhouse projects in Lithuania. Operates at significantly larger scale but in the same segment, with similar direct-sales and project-led GTM.

Direct peers

• Darnu Group: Lithuanian residential and commercial real estate developer building apartments and mixed-use projects in Vilnius. Comparable on geography, mid-market price segment focus, and project-led direct-sales approach.
• YIT Lietuva: Yit's Lithuanian subsidiary is one of the largest residential developers in Vilnius, building apartment complexes and townhouse-style projects at similar scale. Directly comparable on product typology, target buyer (Lithuanian families), and direct-to-consumer sales model.
• Merko Ehitus: Estonian-listed construction and real estate developer with established Lithuanian operations developing residential apartments, townhouses, and commercial property in Vilnius. Comparable in scale, project typology, and Baltic single-market focus.
• Capitalica Asset Management: Lithuanian real estate investment and development group focused on commercial and residential assets, including office and apartment projects in Vilnius. Comparable on Lithuanian market exposure and bank-financed project development model.
• Arco Vara: Estonian-listed real estate developer with active operations across the Baltics, building residential apartment projects and integrated neighborhoods. Comparable on Baltic-wide footprint, project development scope, and listed-company financial transparency.
• Hepsor: Estonian-listed residential developer active in Estonia and Latvia building apartments and townhouse communities. Comparable in project size, typology (townhouses with private yards), and target demographic of young families.

Others

• Eften Capital: Baltic real estate investment fund manager that acquired part of a Rewo project (Justiniškės) in 2022, indicating overlap as a buyer/partner of residential developments. They serve as a capital partner and competitor for institutional buyers in the region.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@rewo8959
• Facebookfacebook.com/REWONT
• LinkedInlinkedin.com/company/rewo-real-estate
• Instagraminstagram.com/rewo_lietuva

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 Rewo