Turto bankas

What Turto bankas does

Turto Bankas (AB Turto bankas) is a state-owned enterprise of the Republic of Lithuania, wholly owned by the state through the Ministry of Finance, that serves as the sole centralized manager of Lithuanian state administrative real estate. The company centrally administers a portfolio of approximately 733,000 sq.m of administrative properties, providing office space to ministries, departments, municipalities, and other public-sector entities under lease agreements introduced in 2021, and renovating roughly 33,000 sq.m of office space per year as part of a EUR 320M modernization program running through 2028.

Its core technology platform is VTIPS (Valstybės turto informacinės paieškos sistema), the State Property Information Search System, which publishes transaction and asset-level data on state-owned property and serves as the public registry of state real estate. Commercial activity is conducted through the aukcionai.turtas.lt auction platform for property sales and a lease tender system for commercial letting, with a self-service customer portal (Savitarna) for tenant interactions. Adjacent service lines include EV charging station deployment, on-site solar generation, energy efficiency monitoring, debt recovery administration (an EUR 85.2M portfolio as of Q1 2026), and the privatization of state- and municipally-owned company shares.

Turto Bankas generates revenue through property rental income from state tenants and commercial tenants, proceeds from property sales at public auctions (which flow to the state budget or to renovation funding), debt recovery service fees under delegation agreements with the Ministry of Finance, and transaction fees from share privatizations. Its go-to-market is sales-led in form but driven by institutional mandate rather than competitive sales cycles: client acquisition depends on government assignment, while commercial channels operate via competitive tenders and public auctions. Founded in 1996 and reorganized into a joint-stock company in 2026, the entity is governed under Ministry of Finance oversight and operates exclusively within Lithuania.

Name

Turto bankas

Legal name

AB Turto bankas

Website

https://turtas.lt

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

101–250 employees

Short description

Turto Bankas is the Lithuanian state-owned enterprise that centrally manages approximately 733,000 sq.m of state administrative real estate, leasing space to ministries and municipalities, conducting public property auctions, recovering state debts, and modernizing buildings under a EUR 320M pipeline through 2028.

Ownership category

akta.pro rank

Product category

Public Real Estate Management

NAICS

Real Estate Property Managers (53131)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Public Property & Asset Management (Federal Buildings, Fleet, Land) (BPAIAAAJ)

akta.pro secondary industries

Office Property Management (BPAJAGAA), Office Real Estate Asset Management (BPAJAMAG)

Keywords

• State property management
• Public real estate administration
• Government asset auctions
• Debt recovery services
• State enterprise privatization

Headquarters

HQ city

Vilnius

HQ country

Lithuania

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Property Rental Income: Revenue generated from leasing state-owned administrative real estate to government institutions. State institutions now receive administrative space under lease agreements (not free use as of 2021). Some properties are also leased on the open market.
2. Property Sales via Auctions: Revenue from selling state-owned property no longer needed for state functions, inherited property, or stateless property through public auctions. Proceeds go to state budget or are earmarked for state property renovation.
3. Debt Recovery Services: Administering and recovering debts owed to the state, including loans, state guarantees, and transferred claims. Portfolio of EUR 85.2M under management as of Q1 2026.
4. Company Privatization Services: Organizing privatization of state-owned company shares. Since 1995, EUR 1,671,244.00 worth of state-owned property has been privatized.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Turto Bankas centrally manages approximately 733,000 sq.m of state administrative real estate in Lithuania under a government mandate. It leases administrative space to state institutions, sells unneeded state property through public auctions, administers lease tenders, recovers state debts, and manages the privatization of state-owned company shares. The company also runs the VTIPS State Property Information Search System and an online auction platform.

Product overview

Turto Bankas operates as a state-owned enterprise offering a platform of real estate management and government services. The core offerings include centralized administration of approximately 700,000 sq. m of state administrative real estate portfolio, the VTIPS (State Property Information Search System) for public property data, an online sales and auctions platform (aukcionai.turtas.lt) for state property transactions, lease tender services, and specialized offerings including electric vehicle charging stations and solar energy initiatives. Supporting services encompass debt recovery administration, privatization of state-owned shares, energy efficiency monitoring, and a self-service customer portal (Savitarna).

Differentiator

Problem solved

Functional benefit

Products and services

• Valstybės turto informacinės paieškos sistema (VTIPS) - State Property Information Search System Public information system administered by Turto Bankas that collects and publishes data about state-owned property transactions and the centralized registry of state-owned real estate assets. Available to government institutions and the public.
• State Administrative Real Estate Management Centralized management of approximately 733,000 sq.m of state-owned administrative real estate, including modernization and renovation projects, energy efficiency improvements, EV charging stations, and solar energy deployment, for government institutions.
• Sales and Auctions Platform (aukcionai.turtas.lt) Online digital platform for conducting public auctions of state-owned real estate, announced auctions, properties being prepared for sale, and lease tenders.
• Lease Tenders Competitive tendering platform for leasing state-owned commercial real estate properties through public tenders.
• Debt Recovery Services Recovery of state debts, administration of loans, state guarantees, and other property obligations transferred under delegation agreements. EUR 85.2 million portfolio under management as of Q1 2026.
• Privatization of Shares Organization of privatization of state-owned enterprise shares and municipal company share auctions. Since 1995, EUR 1,671,244 worth of state-owned property has been privatized.
• Elektromobilių įkrovimo stotelės (EV Charging Stations) Electric vehicle charging networks developed near state-owned office buildings managed by Turto Bankas.
• Saulės energija (Solar Energy) Renewable energy initiative to secure electricity supply from solar sources for managed properties.
• Energinis efektyvumas (Energy Efficiency) Energy efficiency measures implementation and monitoring of energy consumption indicators for state institutions.
• Savitarna (Self-Service Portal) Online self-service portal for customers to access Turto Bankas services and manage their interactions.

Quantifiable outcome

• 733,000 sq.m of centrally managed state administrative real estate
• +3 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

Integration1 record

Feature3 records

Partnerships

One partnership is on record.

• OZI EventsminorStrategic or Co-development Partner · 12 June 2026Event organization partner for cultural event 'Kultūrpėstis. Grifono rutuliai' orientation races during 'Kultūros naktis' Vilnius. OZI Events created interactive race environment and provides technical support for the event experience.

Scale indicators6 records

Recent moves10 records

Expansion highlights5 records

Broad incumbents

• CBRE Group: Global commercial real estate services firm offering property management, valuation, and advisory services. Broad incumbent competitor in commercial property management with overlapping capabilities but serving private sector clients across multiple geographies rather than a single state mandate.
• JLL (Jones Lang LaSalle): Global professional services firm specializing in real estate and investment management. Comparable in providing property management, capital markets, and advisory services, but operates commercially across geographies rather than as a state-owned entity with centralized mandate.
• Sareb: Spanish bad bank managing distressed real estate assets transferred from Spanish savings banks. Partially comparable in managing state-transferred distressed assets and non-performing real estate, though focused on resolution rather than ongoing state administrative property management.

Direct peers

• BImA (Bundesanstalt für Immobilienaufgaben): German federal real estate agency that manages federal government properties, including administrative buildings, military infrastructure, and forestry. Closest international analog as a centralized state property manager operating under ministerial mandate with portfolio scale and modernization programs.
• Akademiska Hus: Swedish state-owned property company that owns, develops, and manages properties for higher education and research. State-owned peer operating in Nordic public sector property management with similar portfolio-scale operations and sustainability focus.
• Direction de l'Immobilier de l'État (DIE): French state property agency under the Ministry of Economy responsible for managing and optimizing state-owned real estate portfolio. Comparable in managing state administrative property, conducting property sales and valuations, and advising government on real estate strategy.
• BIG Bundesimmobiliengesellschaft: Austrian federal property company that develops, manages, and optimizes federal real estate. State-owned peer with similar portfolio of administrative, educational, and special-purpose buildings, offering comparable facility management and property development services to public sector clients.
• Government Property Agency (UK): UK government executive agency responsible for managing the government's civil estate, providing workplaces for civil servants. Highly comparable in providing centralized property services to government institutions with a focus on estate optimization and workplace modernization.
• Statsbygg: Norwegian government's key advisor in construction and property management, owning and managing a portfolio of state-owned buildings. Comparable in managing public real estate portfolio, executing construction projects, and providing property advisory services to government ministries.
• Riigi Kinnisvara AS (RKAS): Estonian state-owned real estate management company that centrally manages government administrative buildings. Directly comparable as a Baltic neighbor with the same business model: state-owned entity with centralized mandate to manage public sector real estate portfolio and provide workplace solutions to government institutions.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/TurtoBankas
• LinkedInlinkedin.com/company/se-turto-bankas
• Instagraminstagram.com/turto_bankas

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 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 Turto bankas