New Brand in the Lithuanian Real Estate Market: "Portum" to Invest in Commercial Property Development in Lithuania and Other European Countries

Active for over a decade in the commercial real estate (RE) markets of Lithuania, Latvia, and Estonia, and primarily focusing on "built-to-suit" projects, the company formerly known as "Skuba RE" is announcing a new brand—transforming into "Portum." The company's leadership suggests that this rebranding was a natural decision, linked to plans for expanding projects not only in the Baltic States but also in other European Union regions.

"Portum" (formerly "Skuba RE") is part of the "Skuba" group of companies. According to the company’s CEO, the decision this year reflects the company's growth and investment plans, which have reached a scale necessitating a distinct brand specializing in the development of modern commercial spaces.

"Our team has specialized in creating business-oriented spaces for a decade. Until now, most of our projects have been synergizing the needs of our group companies and external partners or tenants. Naturally, over this long period, we have accumulated a wealth of successful experience and expertise. Our future plans demand a separate identity for the company, especially as we plan to direct more of our investments to foreign markets this year, where we are already searching for the most suitable plots," comments "Portum" CEO Agnė Janušonytė.

This year, "Portum" began constructing a "stock office" format project in Alytus and is preparing to start a similar project in Utena. In 2024, two more multifunctional projects are completed and leased in Marijampolė and Panevėžys. The company's headquarters are located in Vilnius.

According to company representatives, "Portum" manages a portfolio of nearly 60,000 square meters of developed or completed commercial building space across Lithuania, Latvia, and Estonia.