Yit Lietuva
YIT Lietuva is a Lithuanian construction and real estate development company, subsidiary of Finland's YIT Corporation, operating since 1966. It develops residential apartments and commercial premises in Vilnius and Kaunas, executes infrastructure and road construction contracts for government and enterprise clients, and rents construction machinery.
- Company typePrivate
- Founded1966
- HeadquartersKaunas, Lithuania
- Headcount501–1,000
- GTM typeB2B and B2C
- OfferingServices
What Yit Lietuva does
YIT Lietuva (UAB "YIT Lietuva") is a Lithuanian construction and real estate development company founded in 1966 and headquartered in Kaunas, with regional offices in Vilnius and Klaipėda. The company is a wholly-owned subsidiary of YIT Corporation, the largest construction company in Finland and a major Northern European player listed on Nasdaq Helsinki. YIT Lietuva operates across three business lines: real estate development (new-build apartments in Vilnius and Kaunas plus commercial premises for rent and sale), contracting and construction services (office buildings, industrial facilities, shopping centers), and infrastructure/road construction (highways, airport works, bridge reconstruction, asphalt production, and machinery rental). Its customer base spans individual home buyers, commercial enterprises, and Lithuanian government and municipal agencies.
The company's core residential portfolio consists of named developments — Naujasis Skansenas, Virš šilų namai, and Sutartinės in Vilnius, plus Piliamiestis and Matau Kauną in Kaunas — with apartment pricing conducted via sales offices rather than public listing. The YIT PLUS mobile application (available on iOS and Android) provides residents with project updates, direct communication, neighbor messaging, apartment modification requests, and partner offers. Commercial real estate offerings include named properties such as SKY OFFICE, SQVERAS, ARKA, DUETTO II, 3BURĖ, and BUSINESS HOME B66. Infrastructure capabilities include in-house asphalt production, a machinery rental fleet (backhoe loaders, excavators, bulldozers, graders, pavers, rollers), and execution of large-scale civil engineering projects. BIM (Building Information Modeling) is used for project design and construction management.
YIT Lietuva generates revenue through one-time real estate sales (apartments, commercial premises for sale), professional-services construction contracts (infrastructure, commercial and public buildings), and recurring rental streams (commercial premises, machinery, and equipment). The company employs 600-700+ professionals and reported €165.5 million in 2025 group turnover. It distributes through direct city-level sales offices, project-based government and enterprise contracting, and a dedicated machinery rental channel. The business is positioned around "Suomiška kokybė" (Finnish quality), leveraging its parent group's reputation and 60-year local operating history.
Yit Lietuva firmographics
Firmographics- Name
- Yit Lietuva
- Legal name
- UAB "YIT Lietuva"
- Website
- https://yit.lt
- Company type
- Private
- Founded year
- 1966
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- YIT Lietuva is a Lithuanian construction and real estate development company, subsidiary of Finland's YIT Corporation, operating since 1966. It develops residential apartments and commercial premises in Vilnius and Kaunas, executes infrastructure and road construction contracts for government and enterprise clients, and rents construction machinery.
- Ownership category
- akta.pro rank
Yit Lietuva industry classification
Industry- Product category
- Real Estate Development and Construction
- NAICS
- New Housing For-Sale Builders (236117), Land Subdivision (23721), General Rental Centers (5323)
- SIC
- Land Subdividers & Developers (No Cemeteries) (6552), Operative Builders (1531), General Bldg Contractors - Residential Bldgs (1520), Services-Equipment Rental & Leasing, Nec (7359)
- akta.pro primary industry
- New Construction & Builder Sales (BPAJAAAB)
Keywords
Where Yit Lietuva is headquartered
LocationHeadquarters
- HQ city
- Kaunas
- HQ country
- Lithuania
- HQ region
- Europe
Offices3 records
Markets served
Yit Lietuva business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Supply Chain, Infrastructure, Operations, Marketing or Sales, Technology or R&D
Revenue model
- Real Estate Development: Development and sale of residential apartments and commercial business premises in Vilnius and Kaunas. Multiple ongoing housing projects including Naujasis Skansenas, Virš šilų namai, Piliamiestis, Mato Kauną.
- Construction and Contracting Services: Contract work for construction projects including public and commercial buildings, industrial facilities, shopping centers, and road infrastructure.
- Infrastructure and Road Construction: Road construction, repair, pavement renovation, airport works, bridge reconstruction, and civil engineering projects. Includes asphalt production.
- Business Premises Rental: Rental of commercial premises to business clients.
- Machinery and Equipment Rental: Rental of construction machinery including backhoe loaders, excavators, bulldozers, tractors, as well as paving equipment and transport.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels7 records
Yit Lietuva product offering
Product offeringCore offering
YIT Lietuva develops and sells new residential apartments and commercial real estate in Vilnius and Kaunas, delivers road and civil infrastructure construction, provides general construction contracting services, produces asphalt, and rents construction machinery and equipment. It operates across three Lithuanian cities through dedicated sales offices, with named housing projects such as Naujasis Skansenas, Virš šilų namai, Sutartinės, Piliamiestis, and Matau Kauną.
Product overview
YIT Lietuva is a diversified construction and real estate development company operating in three main areas: infrastructure projects, contracting services, and real estate development. The company's core offerings include new residential apartment sales (Naujos statybos butai) in Vilnius and Kaunas with named projects such as Naujasis Skansenas, Virš šilų namai, Sutartinės, Piliamiestis, and Mato Kauną; commercial real estate (Patalpos verslui) including office spaces and business premises; and roads/infrastructure services (Keliai ir infrastruktūra) covering road construction, asphalt production, and machinery rental. The YIT PLUS virtual home application provides residents with community features, direct communication with YIT, and property management services. The company operates across Kaunas, Vilnius, and Klaipėda with approximately 600-700 employees.
Differentiator
Problem solved
Functional benefit
Brands
- YIT PLUS: Virtual home application for YIT residents providing community features, maintenance requests, and partner offers
Companies that use Yit Lietuva
Customer profileNamed customers6 records
Segments3 records
Ideal customer profiles3 records
Yit Lietuva technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Yit Lietuva partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- YIT Corporation (Parent Company)coreYIT Lietuva is a subsidiary of YIT Corporation, the biggest construction company in Finland and a major player in Northern Europe. YIT Corporation operates in 8 countries with 4,100 professionals and total annual turnover of 1.8 billion EUR in 2025. YIT Corporation shares are quoted on Nasdaq Helsinki Oy.
Scale indicators6 records
Recent moves6 records
Expansion highlights5 records
Yit Lietuva competitors and assessment
Company assessmentDirect peers
- Darnu Group: Lithuanian real estate developer focused on residential and commercial property in Vilnius and other major cities. Directly comparable local peer competing with YIT Lietuva in the new-construction apartment and commercial segments.
- Kauno Tiltai: Leading Lithuanian road and bridge construction company, part of a larger infrastructure group. Closest direct peer to YIT Lietuva's Keliai ir infrastruktūra division for road and bridge works, asphalt laying, and civil engineering contracts.
- Modus Group: Lithuanian diversified group operating in real estate development, renewable energy, and construction services. Overlapping peer in residential and commercial development plus contracting in the Lithuanian market.
- Evernord (Eika Group): Lithuanian real estate developer and investor active in residential apartment sales and commercial property in Vilnius and Kaunas. Competes with YIT Lietuva for new-build apartment buyers and commercial tenants in the same cities.
- Bonava: Swedish homebuilder developing and selling new residential apartments across the Nordics and Baltics (including Lithuania). Direct peer in the for-sale multifamily residential development segment where YIT Lietuva's Naujasis Skansenas, Piliamiestis, and related projects compete.
- Merko Ehitus: Estonian-listed construction and real estate development group operating across the Baltics. Direct competitor to YIT Lietuva in residential apartment development and contracting services, with similar diversified model spanning housing, commercial real estate, and infrastructure in neighboring Baltic markets.
- Mitnija: One of the largest Lithuanian general construction contractors, active in commercial, industrial, and public infrastructure projects. Comparable to YIT Lietuva's contracting and infrastructure division for non-residential builds.
- Hepsor: Estonian-listed residential real estate developer active in Estonia, Latvia, and Lithuania. Direct peer in new-build apartment development in Baltic markets, competing for similar urban buyer segments.
Broad incumbents
- YIT Corporation (Parent): Finnish-listed parent company and largest construction firm in Finland. Direct parent of YIT Lietuva and operates the same residential development and contracting model across 8–9 Northern European countries. Comparable as the broader incumbent group setting strategy, capital allocation, and brand standards.
- Skanska: Global Swedish construction and real estate development group active in residential, commercial, and infrastructure. Broad incumbent operating similar end-to-end developer-contractor model at much larger scale; useful as a comparable for project mix and vertically integrated capability.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Yit Lietuva social profiles
Digital presenceYit Lietuva compliance and trust
Trust signalCompliance1 record
Yit Lietuva financial estimates
Financial estimateRevenue estimate
Valuation estimate
Yit Lietuva leadership team
Management profileNumber of profiles
Profiles18 records
Yit Lietuva funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Yit Lietuva M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Yit Lietuva
What does Yit Lietuva do?
YIT Lietuva develops and sells new residential apartments and commercial real estate in Vilnius and Kaunas, delivers road and civil infrastructure construction, provides general construction contracting services, produces asphalt, and rents construction machinery and equipment. It operates across three Lithuanian cities through dedicated sales offices, with named housing projects such as Naujasis Skansenas, Virš šilų namai, Sutartinės, Piliamiestis, and Matau Kauną.
Is Yit Lietuva a public or private company?
Yit Lietuva is a private company. It is classified as corporate owned and is currently operating.
When was Yit Lietuva founded?
Yit Lietuva was founded in 1966. It employs 501 to 1,000 people.
Where is Yit Lietuva based?
Yit Lietuva is headquartered in Kaunas, Lithuania, in the Europe region.
How does Yit Lietuva make money?
Five revenue lines are on record. Real Estate Development is the primary driver. The others are construction and Contracting Services, infrastructure and Road Construction, business Premises Rental and machinery and Equipment Rental.
Who are Yit Lietuva's main competitors?
Direct peers on record are Darnu Group, Kauno Tiltai, Modus Group, Evernord (Eika Group), Bonava, Merko Ehitus, Mitnija and Hepsor. Broad incumbents are YIT Corporation (Parent) and Skanska.
Does Yit Lietuva have an API?
No public API is recorded for Yit Lietuva.
What industry is Yit Lietuva in?
Yit Lietuva's product category is Real Estate Development and Construction. Its primary akta.pro industry code is BPAJAAAB, New Construction & Builder Sales. Its NAICS code is 236117 and its SIC code is 6552.