UAB "Hanner"

UAB "Hanner" is one of Lithuania’s largest private real estate development companies, known for developing residential and commercial properties primarily in Vilnius and other Baltic and Central/Eastern European cities. The company was founded by Lithuanian entrepreneur Arvydas Avulis in the early 1990s and has grown into a prominent market participant in the Baltic real estate sector.

Company Overview

Legal name: UAB "Hanner"
Type: Uždaroji akcinė bendrovė (UAB) – Private limited liability company (Lithuania)
Industry: Real estate development (residential and commercial), property development and investment
Founded: 1991 (company origins in the early post‑Soviet privatization/redevelopment period)
Headquarters: Vilnius, Lithuania
Founder: Arvydas Avulis
Geographic focus: Lithuania (primary); historically active/invested in other CEE markets (e.g., Latvia, Romania, Ukraine, Belarus) subject to market and geopolitical conditions

Legal Information

Įmonės kodas (Company code): Not confirmed in this profile. Please verify via Lithuania’s Centre of Registers (Registrų centras).
PVM mokėtojo kodas (VAT code): Not confirmed in this profile. Please verify via the State Tax Inspectorate (VMI) or the company’s official invoices/website.
Official website: https://www.hanner.lt (also accessible as https://hanner.lt)
Official email address: Not confirmed in this profile. Typical corporate contact formats include info@hanner.lt; please verify on the company’s website Contact page.
Registered office address: Vilnius, Lithuania (exact street address not included here pending official verification; see Sources section).
Main phone number: Not confirmed in this profile; please verify on the official website or through public registries.

Note: Precise legal identifiers (įmonės kodas, PVM kodas), full registered address, and phone numbers should be taken from primary sources such as Registrų centras extracts, the company’s official website, or authoritative business directories (links in Sources and References).

Business Operations

UAB "Hanner" develops multi‑family residential housing (apartment blocks and mixed‑use communities) and commercial real estate (office buildings, retail/commercial premises) and engages in the sale and leasing of completed space. The company typically operates an integrated development model covering land acquisition, planning and permitting, design management, construction oversight through contractors, sales/marketing, and post‑handover services.

Main products and services:
- Development and sale of residential apartments (often delivered in stages within master‑planned neighborhoods).
- Development of office buildings and mixed‑use schemes; leasing of commercial premises.
- Real estate investment and portfolio management within the Hanner group structure.
- Project management, marketing and customer service related to real estate transactions.

Business model: Land banking and phased development; presales for residential units; bank financing and retained earnings for project capitalization; selective divestments and leasing strategies for commercial assets.

Market position: Hanner is widely recognized as one of Lithuania’s leading real estate developers by volume and delivered residential units, competing with other large developers active in the Vilnius metropolitan market.

History

Founding and early years (1991–2000): UAB "Hanner" was established by entrepreneur Arvydas Avulis in the early stages of Lithuania’s transition economy, focusing on emerging demand for modern residential housing and select commercial projects in Vilnius.

Expansion (2000s–2010s): The company expanded its pipeline in Lithuania and undertook projects or investments in other Central and Eastern European markets (notably in the Baltics and select CEE capitals), diversifying its portfolio between residential and commercial segments.

Consolidation and market cycle navigation (2010s–present): Hanner continued to deliver large-scale residential neighborhoods and modern commercial properties in Vilnius, adopting higher energy‑efficiency standards and sustainability certifications where applicable. The company navigated market slowdowns and interest‑rate shocks (2022–2023) by adjusting sales strategies and project pacing while maintaining a visible pipeline in the capital region.

Financial Information

Revenue: UAB "Hanner" is a privately held company; consolidated financials are filed with Lithuanian authorities but are not publicly summarized here. Annual revenue and profitability data can be obtained from Registrų centras or paid business databases (see Sources and References).

Funding: Typical project financing combines presales cash flows, bank lending from Baltic commercial banks, and retained earnings. Public bond issuance was not confirmed in this profile.

Ownership structure: The company is privately owned, with Arvydas Avulis broadly cited as the founder and key shareholder. Detailed shareholder registers and beneficial ownership disclosures are available in official filings.

Leadership and Management

Founder and key shareholder: Arvydas Avulis
General Manager / CEO (Vadovas): Not confirmed in this profile; see official registry filings or the company’s website for the current managing director (direktorius/generalinis direktorius).
Board (Valdyba): UABs in Lithuania may operate with a board and/or a sole managing director. The composition of Hanner’s board and senior management varies over time; please refer to current-year filings with Registrų centras for authoritative names and roles.

Note: This profile refrains from listing names beyond the founder without contemporaneous verification; managerial appointments can change frequently.

Office Locations

Head office: Vilnius, Lithuania (exact address and dedicated phone lines should be confirmed on the official website and public registry extracts).
International presence: Historically, Hanner has maintained or partnered for operations in select CEE markets (e.g., Latvia and Romania). Current office addresses and phone numbers outside Lithuania are not confirmed in this profile.

Request for precision: If you require a complete list of active offices with telephone numbers, consult the “Contacts” section of https://www.hanner.lt and cross‑check with Registrų centras and trusted business directories.

Market Position

Competitors (Lithuania): Darnu Group, Eika, YIT Lietuva, Realco, Citus, Omberg Group, SBA Urban and other large residential and mixed‑use developers operating in Vilnius and Kaunas. Market participants and rankings vary by quarter and by segment (new‑build presales, delivered units, A+/A++ energy class supply, etc.).

Market share: Quantified shares differ by period and metrics and are best sourced from independent market reports (e.g., Ober‑Haus, Inreal, NT market overviews by banks and research agencies). Hanner is typically within the leading cohort of residential developers in Vilnius by unit launches and deliveries.

Competitive advantages:
- Scale and track record in Lithuania’s capital market across several property cycles.
- Integrated development capabilities and established sales/marketing channels.
- Focus on energy‑efficient new builds and urban infill master‑planning.
- Brand recognition and access to bank financing for large, phased projects.

Recent Developments

Publicly available reporting (2022–2024) indicates that Lithuanian residential developers, including Hanner, adjusted sales tactics and construction pacing in response to higher interest rates and cost inflation, while preparing new stages in established residential districts as conditions began to stabilize in 2024. Hanner has continued to announce and market new residential phases in Vilnius and to emphasize energy‑efficiency standards, though specific project names, unit counts, and launch timelines are not reproduced here pending verification.

For the most current project announcements, tender updates, and sales results, consult the company’s press/news page and Lithuanian business media listed in Sources.

Contact Information

Website: https://www.hanner.lt
Email: Not confirmed in this profile (check the Contact page; a typical format would be info@hanner.lt).
Registered office address (Lithuania): Vilnius (exact street address to be verified from official sources).
Telephone: Not confirmed in this profile (verify via the website).

Important: For legal documents, invoicing, or procurement, always use the official contact details (įmonės kodas, PVM kodas, address, and phone) published by the company or on Registrų centras.

Sources and References

Primary sources:
- Company website (About/Projects/Contacts/News): https://www.hanner.lt
- Lithuanian Centre of Registers (Registrų centras) – official company extract (JAR): https://www.registrucentras.lt
- State Tax Inspectorate (VMI) – VAT payer verification: https://www.vmi.lt
- Public procurement and corporate notices (if applicable): https://www.e-tar.lt and https://cvpp.eviesiejipirkimai.lt

Business directories and market data:
- Rekvizitai.lt (company snapshots, contact details): https://www.rekvizitai.lt
- Verslo žinios (business press; developer rankings and news): https://vz.lt
- Ober‑Haus / Inreal market overviews (housing market statistics): https://www.ober-haus.lt and https://www.inreal.lt

Media and industry coverage:
- Delfi Verslas (news): https://www.delfi.lt/verslas
- 15min Verslo (news): https://www.15min.lt/verslas
- The Baltic Times (regional news): https://www.baltictimes.com

Note on data accuracy: This profile prioritizes caution over completeness. Where specific identifiers (įmonės kodas, PVM kodas), precise addresses, and named executives are not stated, they should be sourced directly from current official filings and the company’s website to ensure accuracy at the date of use.