Regarding change of the Chief Financial Officer of AKROPOLIS GROUP, UAB
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2025-09-16
In the first half of 2025, Akropolis Group focused on renovation and revamping of shops, improving the offer of goods and services, the tenant turnover also grew
The five shopping and entertainment centres managed in Lithuania and Latvia by Akropolis Group, a shopping and entertainment centres development and management company, maintained stable visitor footfall in the first half of 2025, amounting to 21 million visitors in total. The tenants’ turnover reached the record high of EUR 558.9 million and was 1.8% more than for the same period last year.
“This half a year was particularly intense and successful for the entire team: from significant renovations and improvements in the current shopping centres, obtaining construction permits for further developments to a particularly strong presence in the capital markets. I greatly appreciate the trust we get from visitors of our shopping centres, as well as the consistently growing partnership with our tenants and their increasing results. This only confirms that we are on the right track, and we plan to maintain this momentum,” says Gabrielė Sapon, the CEO of Akropolis Group.
Consolidated rental income of Akropolis Group amounted to EUR 46.3 million in the first half of 2025 and grew by 5.4% compared to the first half of 2024. The rental areas vacancy rate remained extremely low – 1.3%, while it was 1.9% in the same period last year. The Group’s revenue amounted to EUR 63.3 million and grew by 4.4% over the comparable period, its earnings before interest, tax, depreciation, and amortisation (EBITDA) were EUR 44.3 million or 3.4% more than for the same period last year.
Over 70 new and revamped shops
In the first half of this year, more than 70 shops were opened or revamped in the five shopping and entertainment centres Akropolis and Akropole operated by Akropolis Group.
“In the first half of this year, more shops were opened or renovated in Akropolis centres than in the same period last year – over 70, compared to 66 last year. This shows the tenants’ trust in the shopping and entertainment centres we manage. Each new or revamped shop or entertainment space, especially if it is the only one of a kind in the city, becomes an even more attractive choice for our visitors. We are constantly striving for Akropolis centres to be the place where visitors can find the latest global trends in fashion, technology or leisure,” says G. Sapon.
New Yorker opened in Vilnius Akropolis, also the renovated Maxima XXXX shop was reopened, whereas Mango, Pegasas, Xiaomi, 4F, Tiger, and other shops were revamped. Klaipėda Akropolis witnessed revamping of Skechers, City, Adidas, Douglas, Flying Tiger Copenhagen, Drogas, Membershop, and other shops favoured by visitors. A new shop of Sinsay brand, café Caffeine, also revamped L`Occitane, Pandora, Eurokos and other shops welcome visitors in Šiauliai Akropolis.
Akropole in Latvia also hosted newcomers. New Sinsay and Lindex opened their doors in Akropole Riga, whereas Maxima was renovated, Sportland was renovated and expanded, some other shops were revamped. Akropole Alfa saw renovation of Mango, Douglas, Flying Tiger Copenhagen, and other shops in the first half of this year.
There is no shortage of news in Akropolis centres in the second half of the year, either. In July, restaurants 9 drakonai and KFC started operating in Vilnius Akropolis, as well as the family amusement park MaryMaris, whereas a renewed Zara Home shop, which is the biggest in the Baltic States, opened its doors in August. Visitors of Akropole Alfa in Riga are welcomed by the first Sportland shop of a new concept, which is also the biggest in Latvia, whereas Akropole Riga saw the opening of Zara Home. Sports clubs Lemon GYM are to open in Vilnius and Šiauliai Akropolis. Opening of a new electronics shop Elesen is planned in Vilnius Akropolis this year.
Investments that create value for visitors and tenants
In the first half of the year, Akropolis Group successfully placed its EUR 350 million 5-year green bond issue with 6% annual interest. The funds raised were intended to refinance the previous bond issue of EUR 300 million and to finance the projects meeting the sustainability criteria specified in the Green Finance Framework, including green buildings. The bonds are listed on Euronext Dublin and Nasdaq Vilnius stock exchanges. The deal was particularly popular among investors, with more than 90 investors participating in the offering.
In July, Vilnius Akropolis saw the completion of the renovation of the common spaces on its second floor – the company invested about EUR 800,000. Over 1,500 m2 of common spaces were modernised and became cosier, lighter and more comfortable for the shopping centre visitors.
In the Akropolis Vingis project, the last necessary document permitting construction was obtained in May – it was issued for the transport infrastructure improvement project by the multifunctional complex to be constructed in Vilkpėdė, a district of Vilnius.
Also, a construction permit was issued for a new 3,500 m2 one-storey building by Klaipėda Akropolis, the construction of which is to start as early as this year.
At the beginning of this year, the shopping and entertainment centres managed by Akropolis Group in Vilnius, Klaipėda and Šiauliai were assessed as “Very Good” according to the international BREEAM In-Use building sustainability standard. The same assessment has already been received by the shopping and entertainment centres in Riga, so all the five Akropolis and Akropole operated by the company in Lithuania and Latvia now meet high sustainability criteria.
“We had a target for all the shopping centres we control to obtain the “Very Good” certificate according to the BREEAM standard by 2026. We are truly delighted to have managed to achieve this even a year earlier,” says G. Sapon, the CEO of Akropolis Group.
In July, the international rating agency Fitch Ratings reconfirmed BB+ long-term borrowing rating with a stable outlook for the fifth consecutive year. Meanwhile, in the first sustainability report on the company published by Sustainable Fitch, Akropolis Group was given 2 points on a scale of 1 to 5, where 1 is the highest rating. Such a market rating shows very high compliance with ESG standards.
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2025-09-22
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2025-09-16
In the first half of 2025, Akropolis Group focused on renovation and revamping of shops, improving the offer of goods and services, the tenant turnover also grew
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2025-07-22
A building permit has been issued for a new building next to Akropolis Klaipėda: even more choice and convenience for visitors
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2025-07-14
Akropolis Group has maintained the credit rating from Fitch Ratings with a stable outlook for five years in a row
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2025-07-07
Common spaces in Vilnius Akropolis have become cosier and more modern: renovation of the second floor is over
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2025-05-22
A document permitting construction issued for the transport infrastructure improvement project at Gerosios Vilties and Geležinio Vilko streets, nearby the future multifunctional complex Akropolis Vingis in Vilnius
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2025-05-14
Green Notes of AKROPOLIS GROUP, UAB are planned to be listed on Euronext Dublin and Nasdaq Vilnius stock exchanges
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2025-03-28
2024 results of Akropolis Group: the tenants’ turnover exceeds EUR 1.2 billion, opening of over 130 new and revamped shops, over 44 million visitors, growth of the Group’s revenue
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2025-02-28
Akropolis Group has launched a Green Finance Framework that has received a positive assessment
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2025-01-21
From now on, all shopping centres Akropolis managed by Akropolis Group in Lithuania and Latvia have BREEAM Very good certificates
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2024-12-20
Renovated shopping centre Akropolis Klaipėda features new shops and entertainment areas as well as modern common spaces
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2024-11-27
G. Sapon appointed new CEO of Akropolis Group, N. Maknevičius to continue as the Chairman of the Board
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2024-11-22
A document permitting construction issued for the infrastructure project at Eigulių street, adjacent to the complex Akropolis Vingis
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2024-09-11
Shopping centres managed by Akropolis Group had 21.1 million visitors during the first half of the year, the tenants’ turnover reached almost EUR 550 million
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2024-08-30
The multifunctional project Akropolis Vingis has been issued a document permitting construction: further stages of the project implementation being planned
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2024-08-26
Construction of a new building nearby Vilnius Akropolis is completed – it became home for the expanded and revamped Sportland store
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2024-07-17
Fitch Ratings re-confirmed BB+ credit rating with a stable outlook for Akropolis Group
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2024-05-27
For the third consecutive year, Akropolis Group maintains its BB+ rating with a stable outlook granted by S&P Global Ratings
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2024-04-09
Shopping centres controlled by Akropolis Group had over 44 million visitors last year, the tenants’ turnover reached almost EUR 1.2 billion, over 100 new and revamped shops opened, leading to growth of the Group’s revenue
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2024-01-15
Sanita Krīgere takes the position of Manager of the shopping and entertainment center AKROPOLE Alfa
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2023-10-05
Akropolis Group’s shopping centre Akropole Alfa in Riga has obtained a BREEAM sustainability certificate
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2023-09-13
Results of Akropolis Group’s shopping centres grow - in the first half of this year, they welcomed almost 21 million visitors, whereas the turnover of tenants exceeded EUR 543 million
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2023-07-21
Fitch Ratings confirmed BB+ credit rating with a stable outlook granted for Akropolis Group
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2023-06-30
S&P Global Ratings confirmed BB+ rating with a stable outlook granted to Akropolis Group
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2023-06-14
Akropolis Group has received international certificates for environmental protection and safe working environment
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2023-05-31
Akropolis Klaipėda is about to change its looks: The interior design of the shopping and entertainment centre is undergoing a major revamp
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2023-04-06
Akropolis Group’s 2022 results: the acquisition of Akropole Alfa and the cancellation of pandemic restrictions has led to increased tenants’ turnover, income and EBITDA
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2023-03-10
The largest Massimo Dutti shop in Lithuania and 10 more new and revamped shops in Akropolis Vilnius
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2023-01-25
Design proposals for the transport infrastructure nearby multifunctional complex Akropolis Vingis have been presented to the public
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2023-01-11
Design proposals for the planned improvements of the transport infrastructure nearby the multifunctional complex Akropolis Vingis are being presented to the public
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2023-01-05
Design proposals for a new 480 m2 building planned to be constructed near the shopping and entertainment centre Akropolis Vilnius have been presented to the public
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2022-12-20
Design proposals of a new 480 m2 building, planned to be constructed near the shopping and entertainment centre Akropolis in Vilnius, will be presented to the public
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2022-11-24
Over half a million Lithuanian and Latvian residents visited the shopping centres Akropolis during the big sale days Jamam
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2022-10-18
The Vilnius City Municipality approved the design proposals for the multifunctional complex Akropolis Vingis
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2022-09-20
Swedbank, together with OP Bank, refinanced a previous loan of Ozo turtas, a company which manages Akropolis Vilnius
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2022-09-14
In the first half of the year Akropolis Group’s tenants’ turnover exceeded the pre-pandemic levels
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2022-08-26
Fitch Ratings re-confirmed BB+ credit rating with a stable outlook for Akropolis Group
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2022-07-22
Design proposals of multifunctional complex Akropolis Vingis, planned in Vilkpėdė district in Vilnius, were presented to the public
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2022-07-01
Akropolis Vingis: former industrial area in Vilnius's Vilkpėdė district will become a new quarter of the city
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2022-06-20
Vilnius Regional Council of Architects has positively evaluated the architectural idea of the multifunctional complex Akropolis Vingis planned in Vilkpėdė district in Vilnius
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2022-05-27
Design of the multifunctional complex Akropolis Vingis presented to the Council of Architects
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2022-05-20
Design of new building planned nearby AKROPOLIS in Klaipėda, Lithuania presented to the public
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2021-12-14
The multifunctional complex Akropolis Vingis was presented to the Vilnius Regional Council of Architects: compliments for the innovative idea and recommendations
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2021-11-27
Latvian Competition Council has granted Akropolis Group an unconditional merger clearance to acquire shopping centre Alfa in Riga, Latvia
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2021-10-27
S&P Global Ratings positively revised the outlook of Akropolis Group’s credit rating BB+ to stable
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2021-10-19
Restart of the conversion project in Vilkpėdė district of Vilnius: construction of the multifunctional complex Akropolis Vingis is planned to start next year
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2021-08-27
Vilnius, Klaipėda and Šiauliai Akropolis were certified according the international BREEAM standart
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