Uždaroji akcinė bendrovė „Vilniaus vystymo kompanija“

Uždaroji akcinė bendrovė „Vilniaus vystymo kompanija“ (often abbreviated as VVK) is a municipally owned Lithuanian project development and project management company that plans, procures, and delivers public infrastructure and real estate projects for the City of Vilnius.

1. Company Overview

Full legal name: Uždaroji akcinė bendrovė „Vilniaus vystymo kompanija“
Trade name: Vilniaus vystymo kompanija (VVK)
Industry sector: Public infrastructure and real estate development; construction project management; owner’s engineering services for municipal projects
Business type: Uždaroji akcinė bendrovė (UAB – private limited liability company), municipally owned
Founded: The company was established following the reorganization of Vilnius municipal development functions during the post‑independence period (early 2000s). An exact founding date could not be verified from open sources at the time of writing.
Headquarters: Vilnius, Lithuania

2. Legal Information

Įmonės kodas (company code): Not confirmed in open sources consulted; please verify in the Juridinių asmenų registras (Register of Legal Entities).
PVM mokėtojo kodas (VAT code): Not confirmed in open sources consulted; please verify in VMI (State Tax Inspectorate) or the company’s official disclosures.
Official website: vvk.lt (Official website as referenced by municipal sources and business directories).
General email: Not explicitly listed in the open sources consulted. Common formats for municipal companies include info@vvk.lt; please verify on the official “Kontaktai” page.
Registered office address: Vilnius, Lithuania (full street address not confirmed in consulted open sources; verify via Registrų centras or the company website).
Main phone number: Not confirmed in open sources consulted; verify via the company’s official “Kontaktai” page.

Note: Precise registration identifiers (įmonės kodas, PVM kodas), full street address, and telephone number are typically published on the company’s “Kontaktai” page and in the Register of Legal Entities (Registrų centras). Where items are marked “not confirmed,” they were not verifiable from open sources at the time of writing.

3. Business Operations

Main services:
- Public real estate development and project management on behalf of Vilnius City Municipality (schools, kindergartens, cultural and sports facilities, health and social infrastructure, administrative and community buildings).
- Owner’s engineer and client-side project management (planning, feasibility, budgeting, scheduling, procurement, risk management, quality control, and handover).
- Procurement and contract administration (organizing public tenders under Lithuanian and EU procurement rules, supervising contractors and designers).
- Technical supervision and stakeholder management (coordinating with municipal departments, communities, utility providers, and regulators).
- Asset modernization and sustainability upgrades (energy efficiency, green building standards, lifecycle costing guidance).

Business model: VVK operates as the City of Vilnius’ development and project management arm. It delivers projects funded by municipal budgets, EU funds, and other public finance instruments. Revenues generally derive from project management/service fees aligned to the municipal development pipeline. VVK procures private contractors (design, supervision, construction) through public tenders.

Market position: VVK is a leading municipal development vehicle in Vilnius, coordinating a substantial share of the city’s new and renovated public infrastructure. It functions as an in-house competence center for complex public projects and is a major contracting authority in the local construction ecosystem.

4. History

Founding and evolution: VVK emerged as Vilnius municipality professionalized and centralized its public development efforts in the post‑1990s period. The company was created to concentrate project management expertise, standardize procurement, and accelerate delivery of priority public investments.

Key milestones (illustrative):
- Establishment as a municipally owned UAB to serve as the city’s development company and contracting authority for public projects.
- Expansion of portfolio to include a pipeline of education infrastructure (new schools and kindergartens for fast‑growing districts), culture and sports facilities, and community spaces.
- Institutionalization of modern project management practices (owner’s engineer role, stage-gated planning, risk controls) and increased use of EU structural funds where applicable.
- Coordination with the city’s strategic planning functions to align capital projects with demographic growth and sustainability goals.

5. Financial Information

Revenue: Annual revenue figures are filed with Registrų centras but were not available in the open sources consulted here. As a municipal UAB, revenue is primarily service-based (project management fees) linked to the development pipeline and capital budget cycles.
Profitability: Profitability and margins vary by project load and funding cycles; details should be taken from the company’s audited financial statements.
Funding: Projects are typically financed by the City of Vilnius budget, national co‑financing, and EU funds/grants where applicable. VVK itself does not follow venture‑style funding rounds.
Ownership: 100% owned by Vilniaus miesto savivaldybė (City of Vilnius).
Auditors/filings: Annual financial statements are ordinarily submitted to Registrų centras.

6. Leadership and Management

Governance model: Single‑shareholder municipal ownership (Vilniaus miesto savivaldybė), with a supervisory/board structure and an executive management team led by a Director (CEO-equivalent).
Key executives (vadovai): Full names and current positions were not listed in the open sources consulted at the time of writing. Typical roles include Director (Direktorius), Project Management Director, Head of Procurement, Chief Financial Officer, and Heads of Program Portfolios (Education, Health/Social, Culture/Sports). Please verify the current roster on the company’s official website or municipal shareholder disclosures.
Board members: Not publicly enumerated in the sources consulted; verify through municipal shareholder resolutions or the company’s governance disclosures.

7. Office Locations

Registered office (buveinė): Vilnius, Lithuania. The precise street address and postal code could not be confirmed in the consulted open sources; verify via Registrų centras and the company’s “Kontaktai” page.
Other offices: None publicly indicated; VVK typically operates from a single headquarters in Vilnius.
Telephone numbers per office: Not confirmed in the open sources consulted; verify via the official “Kontaktai” page.

8. Market Position and Competitors

Role in the ecosystem: VVK is a key public client and project integrator in the Vilnius construction and real estate market, shaping demand for design, supervision, and construction services through public tenders.

Competitors/peers:
- Public/municipal peers: Specialized municipal entities (e.g., Vilnius’ planning and infrastructure units) and state/municipal development bodies in other cities.
- Private sector vendors (not direct competitors, but frequently bidders/partners): design and engineering firms (e.g., Sweco Lietuva, Baltic Engineers, etc.), general contractors (e.g., YIT Lietuva, Merko statyba, Mitnija, etc.), technical supervision providers, and specialist contractors.
Note: As a municipal in‑house development company, VVK’s role is more akin to a contracting authority/owner’s representative than a conventional market competitor. Market share metrics are not directly comparable to commercial developers.

Competitive advantages:
- Alignment with Vilnius’ strategic development priorities and stable public mandate.
- Experience managing multi‑stakeholder public projects under Lithuanian/EU procurement rules.
- Portfolio scale and repeat procurement enabling standardized processes and risk controls.
- Focus on social value, lifecycle performance, and sustainability objectives in public infrastructure.

9. Recent Developments

Programmatic focus (2023–2025): Acceleration of education infrastructure (new schools and kindergartens) in rapidly growing districts; modernization of cultural/sports assets; selected public space and community facility upgrades; emphasis on energy efficiency and sustainability in renovations.

Procurement and delivery: Continued organization of design-build and design-bid-build tenders, enhanced contract administration, and stakeholder engagement practices to reduce risks and expedite delivery timelines.

Note: Project-level announcements (school openings, tender awards, contract signings) are frequently published by Vilnius City Municipality and VVK channels; consult the official website and municipal press releases for the latest items.

10. Contact Information

Company: UAB „Vilniaus vystymo kompanija“
Website: vvk.lt
Email (general): Not confirmed from the consulted sources; check the “Kontaktai” page on vvk.lt.
Registered office: Vilnius, Lithuania (full address to be verified via Registrų centras/company website).
Phone: Not confirmed in the consulted sources; verify via the official website.

11. Sources and References

Primary/official sources:
- Official website: vvk.lt (see “Apie mus” and “Kontaktai” sections for legal and contact details)
- Vilnius City Municipality (shareholder; project announcements and press releases): vilnius.lt/lt/
- Registrų centras, Juridinių asmenų registras (official registry for company code, registered address, filings): registrucentras.lt/jar/
- State Tax Inspectorate (VMI) VAT payer search: vmi.lt

Business directories and media (corroboration):
- Rekvizitai.lt company directory entry for “Uždaroji akcinė bendrovė Vilniaus vystymo kompanija”: rekvizitai.vz.lt/imone/vilniaus_vystymo_kompanija/
- Public procurement and project news (examples): 15min.lt, lrytas.lt, vz.lt (search for “Vilniaus vystymo kompanija” and specific project names such as new schools/kindergartens)

Verification note: Where items above are marked “not confirmed,” they were not available in the open sources consulted during preparation. For authoritative, up‑to‑date legal and contact information (įmonės kodas, PVM kodas, full address, phone, current executives), please consult the official website (vvk.lt) and the Register of Legal Entities (Registrų centras).