Overview of Akropolis Group's Performance in 2025
The five shopping and entertainment centers managed by Akropolis Group witnessed a stable influx of visitors in the first half of 2025, with a remarkable total of 21 million. The tenant turnover reached an impressive EUR 558.9 million, marking a 1.8% increase compared to the same period last year.
Statements from Leadership
Gabriel? Sapon, the CEO of Akropolis Group, expressed her pride in the successes achieved during this period: "This half a year was particularly intense and successful for the entire team. Our significant renovations, improvement in services, and strong presence in capital markets truly reflect the trust from our visitors and growing partnerships with tenants. This momentum is set to continue."
Financial Highlights
The consolidated rental income for Akropolis Group was EUR 46.3 million in the first half of 2025, showing a 5.4% growth compared to the same timeframe in 2024. The vacancy rate in rental areas remained impressively low at 1.3%, down from 1.9% the previous year. The group's total revenue reached EUR 63.3 million, which is a 4.4% increase, and earnings before interest, tax, depreciation, and amortization (EBITDA) stood at EUR 44.3 million, representing a 3.4% rise from last year's corresponding figure.
New Retail Ventures
In an exciting development, Akropolis Group opened or revamped over 70 shops across its centers. This exceeded the previous year's performance of 66 new or renovated shops, highlighting growing tenant confidence. New offerings include a revamped New Yorker store in Vilnius and a renovated Maxima XXXX. Other notable shops revitalized include Mango, Pegasas, and Xiaomi. The Klaip?da location saw updates in stores like Adidas and Skechers, catering to the evolving demands of shoppers.
Future Developments
The exciting news doesn't stop there. Akropolis centers are preparing for a wave of new openings. With restaurants like KFC and the family amusement park MaryMaris starting operations in Vilnius Akropolis, visitors will have fresh entertainment options. The largest Zara Home shop in the Baltic States is also set to launch, promising an exceptional shopping experience.
Investment for Growth
Akropolis Group successfully entered the capital markets with a EUR 350 million green bond issue at a 6% annual interest rate during the first half of the year. The proceeds were earmarked not only for refinancing previous obligations but also for projects adhering to sustainability standards, including green building initiatives. This effort garnered interest from over 90 investors underlining the appeal of sustainability in today's market.
Modern Renovations
Renovations included modernizing over 1,500 m² of common areas in Vilnius Akropolis with an investment of around EUR 800,000. This initiative enhances comfort and appeal for visitors, emphasizing the group’s commitment to providing a pleasant shopping experience. Additionally, construction permits have been obtained for further expansions, including a new building in Klaip?da Akropolis.
Sustainability and Compliance
All five of Akropolis' shopping centers now hold a “Very Good” rating under the BREEAM In-Use sustainability standard, a significant achievement completed a year ahead of their deadline. This commitment to sustainability was underscored by the recent re-confirmation of their BB+ long-term borrowing rating by Fitch Ratings, alongside a high compliance score with ESG standards in their first sustainability report.
Frequently Asked Questions
1. What is the visitor count for Akropolis Group in 2025?
In the first half of 2025, Akropolis Group recorded 21 million visitors across its shopping centers.
2. How much did tenant turnover increase?
The tenant turnover rose to EUR 558.9 million, representing a 1.8% increase from the previous year.
3. What new shops were introduced in Akropolis centers?
Over 70 new or revamped shops were launched, including popular brands like Mango, New Yorker, and Sinsay.
4. What sustainability initiatives is Akropolis Group pursuing?
Akropolis Group issued EUR 350 million in green bonds to fund sustainability projects adhering to green building standards.
5. How did Akropolis Group perform financially in 2025?
The group's revenue was EUR 63.3 million, up 4.4%, with a consolidated rental income of EUR 46.3 million, a growth of 5.4% compared to last year.
