AKROPOLIS GROUP UAB

This is a comprehensive, Wikipedia-style profile of AKROPOLIS GROUP UAB prepared from publicly available information. Where specific legal or contact details could not be verified from primary sources in this context, that is noted explicitly and readers are directed to Lithuania’s official registries for confirmation.

Company Overview

Legal name: AKROPOLIS GROUP UAB (Uždaroji akcinė bendrovė)
Industry sector: Retail real estate development and management; shopping and entertainment centers; commercial property leasing and operations
Founded (group origins): The AKROPOLIS shopping center concept dates to the early 2000s in Lithuania (Vilnius AKROPOLIS opened in 2002). The corporate structure “AKROPOLIS GROUP UAB” was formed later to consolidate development and asset management activities. Precise incorporation year for the UAB entity should be verified in the Lithuanian Centre of Registers.
Headquarters: Vilnius, Lithuania

Legal Information

Įmonės kodas (company code): Not verified in this profile. Consult the Lithuanian Centre of Registers (Registrų centras) or Rekvizitai.lt for the official code.
PVM kodas (VAT code): Not verified in this profile. Consult the Lithuanian Centre of Registers or Rekvizitai.lt for the official VAT number.
Official website: www.akropolisgroup.lt
Email address: No direct corporate email was publicly verifiable in this context. The company provides media and contact information via its official website; a web contact form or media contacts are typically used.
Registered office address: Not conclusively verified in this profile. The group’s assets include the AKROPOLIS shopping centers in Vilnius, Kaunas, Klaipėda, and Šiauliai (addresses listed below), with corporate headquarters in Vilnius. For the exact registered office address, consult the Lithuanian Centre of Registers.
Telephone number (registered office): Not publicly verified in this profile.

Business Operations

Main products/services:
- Development, ownership, and management of large-scale shopping and entertainment centers in the Baltic region
- Commercial real estate leasing (retail, services, food & beverage, entertainment)
- Property and facility management (operations, maintenance, security, parking, common area services)
- Marketing and event programming for shopping centers to drive footfall and tenant performance

Business model:
AKROPOLIS GROUP UAB operates a landlord-operator model for prime shopping and entertainment destinations. It develops and acquires retail-led mixed-use assets, leases space to retail and service tenants under long-term and short-term agreements, and manages operations to optimize footfall, sales density, and tenant mix. Revenue streams include rental income, service charges/operational fees, and ancillary revenues (parking, advertising, events).

Market position:
AKROPOLIS is among the leading shopping center platforms in Lithuania and has expanded into Latvia. Its centers are recognized for high footfall, a broad, curated tenant mix (including fashion, electronics, groceries, F&B, entertainment), and destination-scale amenities.

History

Origins and founding story:
The AKROPOLIS concept emerged in Lithuania’s retail real estate boom of the early 2000s, backed by investors associated with the broader Vilniaus Prekyba ecosystem. The flagship, AKROPOLIS Vilnius, opened in 2002 and rapidly became one of the country’s highest-traffic retail destinations. Subsequent centers opened in Klaipėda (2005), Kaunas (2007), and Šiauliai (2008), creating a national network of large retail-entertainment destinations.

Consolidation into AKROPOLIS GROUP UAB:
In the mid-2010s, development and asset management activities were consolidated under AKROPOLIS GROUP UAB, streamlining corporate governance, financing, and cross-border expansion strategy.

Regional expansion:
The group expanded into Latvia with the AKROPOLE brand (the Latvian spelling), developing and operating retail destinations in Riga. In 2021, the company acquired the “Alfa” shopping center in Riga and subsequently pursued rebranding and asset enhancement under the AKROPOLE umbrella.

Asset enhancement and redevelopment:
AKROPOLIS Group has periodically invested in renovations, tenant mix optimization, and upgrades to common areas and entertainment offerings, positioning its centers as modern, multi-functional destinations.

Financial Information

Revenue: Publicly available consolidated revenue figures for AKROPOLIS GROUP UAB were not verified in this profile. The group publishes financial statements and investor updates through its official website and debt market disclosures.
Funding rounds and capital markets: AKROPOLIS Group has utilized debt financing, including EUR-denominated bond issuances in recent years, with disclosures available via Nasdaq exchange listings and company investor relations materials.
Ownership structure: AKROPOLIS Group is connected to well-known Baltic retail and real estate investment ecosystems historically associated with Vilniaus Prekyba and related holding structures. Precise, current ultimate beneficial ownership and shareholding structure should be confirmed via the Lithuanian Centre of Registers and the company’s official investor disclosures.

Leadership and Management

Key executives (vadovai):
- Chief Executive Officer: Manfredas Dargužis (publicly referenced in media and company communications as the CEO of Akropolis Group)
- Other executives: Detailed, current executive roster (CFO, COO, Development Director, Legal Counsel, etc.) was not publicly verifiable in this profile. Readers should consult the company’s official website or the Lithuanian Centre of Registers for the latest, complete list of executives and their positions.

Board members: The current composition of the Board of AKROPOLIS GROUP UAB (names, roles, tenures) should be verified through official filings, the company’s corporate governance pages, or the Lithuanian Centre of Registers.

Office Locations

AKROPOLIS shopping centers in Lithuania:
- AKROPOLIS Vilnius: Ozo g. 25, LT-07150 Vilnius, Lithuania. Phone: Not verified in this profile.
- AKROPOLIS Kaunas: Karaliaus Mindaugo pr. 49, LT-44333 Kaunas, Lithuania. Phone: Not verified in this profile.
- AKROPOLIS Klaipėda: Taikos pr. 61, LT-91182 Klaipėda, Lithuania. Phone: Not verified in this profile.
- AKROPOLIS Šiauliai: Aido g. 8, LT-76110 Šiauliai, Lithuania. Phone: Not verified in this profile.

AKROPOLE (Latvia):
The group operates shopping centers in Riga, Latvia, under the AKROPOLE brand (including the asset formerly known as “Alfa”). Exact addresses and contact numbers should be verified via the Latvian corporate registry or the centers’ official websites.

Corporate headquarters:
Vilnius, Lithuania. The precise registered office address and switchboard phone number could not be verified in this profile and should be obtained from the Lithuanian Centre of Registers.

Market Position

Competitors:
- Major Lithuanian shopping centers and retail property owners, including facilities such as Ozas (Vilnius), Panorama (Vilnius), MEGA (Kaunas), and others operated by Baltic real estate developers and institutional investors.
- Regional competitors include large-format retail destinations and mixed-use centers in Latvia and Estonia, with competition varying by city and catchment area.

Market share: Specific market share data (by GLA, footfall, tenant sales, or revenue) is not universally published and was not verified in this profile. Industry analyses and retail real estate reports in the Baltics may provide comparative metrics.
Competitive advantages:
- Portfolio of destination-scale centers with strong brand recognition
- Curated tenant mix featuring leading international and local retailers
- Integrated entertainment, dining, and event offerings driving footfall and dwell time
- Professional, centralized asset and property management capabilities
- Ongoing investment in modernization, sustainability, and customer experience

Recent Developments

- Acquisition and rebranding of the Riga “Alfa” shopping center under the AKROPOLE brand (2021), extending cross-border operations in the Baltics.
- Continued asset enhancement programs across Lithuanian centers (tenant mix upgrades, refurbishments).
- Use of capital markets financing through EUR bond issuances in recent years. Details and offering documentation are available through Nasdaq and company investor communications.
- Development planning for future projects (such as redevelopment concepts and potential mixed-use expansions). The specifics are subject to municipal permitting and market conditions and should be tracked via company press releases and local planning authorities.

Contact Information

General inquiries: www.akropolisgroup.lt (contact forms and media contacts available on the website)
Email: A general corporate email address was not publicly verifiable in this profile; use the contact form or media contacts provided on the official website.
Phone: A published corporate switchboard number was not verifiable in this profile.
Registered office address: Not conclusively verified here; consult the Lithuanian Centre of Registers.

Sources and References

- AKROPOLIS Group official website: www.akropolisgroup.lt (company overview, portfolio, press releases, investor information)
- AKROPOLIS shopping centers websites: akropolis.lt (center-specific information for Vilnius, Kaunas, Klaipėda, Šiauliai)
- Nasdaq exchange disclosures (bond listings and issuer information) related to Akropolis Group (verify on Nasdaq Baltic platforms)
- Rekvizitai.lt (Lithuanian business directory) for company code, VAT code, and registered address verification
- Lithuanian Centre of Registers (Registrų centras) for authoritative legal and corporate information (įmonės kodas, PVM kodas, registered office, executives)

Notes

Important Lithuanian corporate details (įmonės kodas, PVM kodas, registered office address, official phone, and executive roster) should be obtained and confirmed from the Lithuanian Centre of Registers or official company disclosures. This profile refrains from publishing unverified identifiers and contact details.