Akropolis secures €130M seven-year loan from Swedbank
What's the deal? AkropolisDealroom has a profile for this one. Try Dealroom → Group, a Baltic real estate developer and manager, has signed a seven-year, €130 million credit agreement with SwedbankDealroom has a profile for this one. Try Dealroom →. Most of the financing will refinance a five-year loan granted in 2022 to Ozo Turtas, the company that operates Akropolis Vilnius.
Why now? Akropolis locked in the new facility a full year before its previous loan matures. "This reduces uncertainty and forms part of our consistent financial strategy," said chief executive officer Gabrielė Sapon.
By the numbers: The deal sits in the 33rd percentile for size among comparable debt rounds — a mid-sized facility rather than an outlier. Swedbank's total financing to Akropolis Group companies now stands at about €240 million.
What's the endgame? Akropolis runs five shopping and entertainment centres across Lithuania and Latvia, and expanded into residential and commercial property through its 2025 acquisition of Galio GroupDealroom has a profile for this one. Try Dealroom →. The company says its strategy rests on raising the value of existing assets while developing new projects.
The financials: Consolidated revenue reached €81.6 million in the first half of 2026, up 29% year on year, with EBITDA up 28% to €56.6 million and net profit up 21% to €37 million. Results have included Galio Group since October 2025.
Both Fitch RatingsDealroom has a profile for this one. Try Dealroom → and S&P Global Ratings affirmed Akropolis Group's BB+ long-term credit rating with a stable outlook. Fitch's July 2026 affirmation marked the sixth consecutive year at that level.
The signal: The loan reflects steady appetite for Baltic retail property, where Swedbank data shows in-store consumer spending rising 13% in Lithuania, 6% in Latvia, and 4% in Estonia this year. For Akropolis, the refinancing extends a 25-year banking relationship as it balances expansion with higher leverage following the Galio takeover.
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