Developer and manager of world-class commercial real estate for international and strong domestic tenants across the Baltic States
Based in Vilnius, Lithuania, with an office in Riga, Latvia, the VPH Group is one the largest commercial retail developers in the Baltic States. VPH has 35 years of commercial / retail real estate development, asset management, investment and real estate investment banking experience in both Europe and Canada.
We develop and manage top quality commercial real estate for international brands and major domestic tenants in the main cities of all three Baltic States.
The VPH Group selects and acquires land plots, creates concepts, designs the buildings and leases them, structures private equity investment, organizes third party financing, constructs the buildings before finally divesting the project.
We have developed real estate projects of various sizes and types in Vilnius, Kaunas, Klaipeda, Palanga (Lithuania), Riga (Latvia), Tallinn and Parnu (Estonia). Additionally to our focus on commercial retail developments, VPH is also involved in investing in developing hotels, managing development processes for our partners and investors and developing projects for third parties.
nearly € 200 million of projects in the pipeline
Tenant partner relationship is key
Almost 100.000 m2 under planning & development
Regularly exceeding investors expectations
More than € 300 million in completed development projects in the Baltics
Proven track record in Europe and North America
Vikingu Business Valley in Vilnius
Fabrika Retail Park and Offices Complex in Riga
Vilnius Business and Retail Park
Kurna Park in Tallinn
Fast Food, Turbo Car Wash and Retail complex in Riga
Retail Park “UNA” on Moletu Road in Vilnius
Student Housing “SHED Co-living Vilnius“
LIDL Shopping Centre on Valdeku Str. in Riga
Hampton by Hilton Riga Airport Hotel
The Kurna shopping park built next to Ikea will open on August 24
August 22nd, 2023
The project at Juglas Street 95 marks the commissioning of the 1st phase
April 28th, 2023
Kurna Park became the cornerstone, the rafter wreath was taken down
February 1st, 2023
Membership in professional organizations
As one of the largest commercial real estate developers in Lithuania, VPH actively participates in the activities of real estate developers and investors community.
We are a member of the “Investors’ Forum” Association, which unites the largest and the most active investors operating in Lithuania.
We‘re also a part of the Lithuanian Real Estate Developers Association and the Alliance of Real Estate Developers of Latvia.