Vestronis
/About

An infrastructure development company built for complex markets

Vestronis originates, develops, structures and coordinates infrastructure and public-private partnership opportunities. We work alongside public authorities, investors, lenders and technical partners. We are headquartered in Prishtina, Kosovo, and work across the Western Balkans, EU accession and emerging markets.

Who we are

A developer and coordinator, not an adviser or a fund

Vestronis acts as project developer: we take responsibility for moving a project from identified need to financial close and long-term operation. We are not a financial adviser or an investment fund, and we do not solicit investment from the public. Independent legal, technical, financial and E&S advisers are appointed where a project requires them.

HQ
Headquarters
Prishtina, Kosovo
MKT
Focus markets
Albania, Bosnia and Herzegovina, Kosovo, Montenegro, North Macedonia and Serbia
SEC
Sector platforms
Twelve infrastructure sectors, each with its own pipeline and partner network
ROLE
Role
Project developer and coordinator through the full project lifecycle
Vision & mission

The purpose behind the platform

Our vision is to be a trusted infrastructure development and PPP platform for governments, institutional investors and development finance institutions. Our mission is to originate, structure and deliver infrastructure that serves the public interest and creates long-term value, with financial discipline, technical coordination and governance integrity.

Our model

Five stages, one accountable developer

01
Originate
Identify public needs and develop mandates before procurement.
02
Structure
Design the PPP or concession framework, risk allocation and project company.
03
Finance
Assemble the capital stack with IFIs, lenders and investors.
04
Deliver
Govern construction through to commissioning.
05
Manage
Oversee operations, performance and lifecycle over the concession term.
Principles

How we work

P-01
Structural integrity
Projects are designed to be bankable, legally sound and deliverable before partners or capital are committed.
P-02
Institutional discipline
We work to the documentation and governance standards that lenders and institutions expect.
P-03
Public benefit
Delivery models align private returns with public service outcomes.
P-04
Long-term orientation
We plan for involvement through operations, not only to financial close.
P-05
Transparent partnership
Relationships are governed by clear documentation and accountable decision-making.
P-06
ESG by design
Environmental, social and governance considerations are part of screening from the start.
Corporate governance

Governance structure

The governance bodies below form the intended framework. Composition and terms of reference are published once each body is constituted.

BRD
Board of Directors
Sets strategy, approves policies and major commitments, and oversees risk.
ADV
Advisory Board
Independent senior advice on markets, institutions and sector strategy.
IC
Investment Committee
Approves stage-gate decisions, development budgets and project commitments.
ARC
Audit & Risk Committee
Oversees internal control, risk management and independent assurance.
ESG
ESG & Ethics Committee
Oversees ESG policy, integrity matters and speak-up reports.
Leadership

Management team

Gazmend Kelmendi, Chief Executive Officer
CEO
Gazmend Kelmendi
Prishtina
Chief Executive Officer. Responsible for strategy, institutional relationships and origination.
Ulusi Sherifi, Deputy CEO, Head of PPP & Concession Structuring
PPP
Ulusi Sherifi
Prishtina
Deputy CEO, Head of PPP & Concession Structuring. Leads risk allocation and financial-close coordination.
Islam Hasani, Head of Finance & Capital Markets
FIN
Islam Hasani
Prishtina
Head of Finance & Capital Markets. Leads project finance and capital structuring.
Malsore Kelmendi, Head of ESG & Governance
ESG
Malsore Kelmendi
Prishtina
Head of ESG & Governance. Leads E&S screening and governance frameworks.
Corporate structure

Entities and their status

We distinguish clearly between entities that exist and those that are planned.

OP
Vestronis (Kosovo)
Operating
Operating company and headquarters.
SPV
Project companies
Per project
A special purpose vehicle is established for each project at the structuring stage.
PLN
Regional entities
Not yet incorporated
Further country or regional entities are shown here only once incorporated.
Presence

Where we work

Headquarters in Prishtina, Kosovo, with regional offices in Skopje, Tirana, Podgorica, Sarajevo and Belgrade. We consider opportunities in other EU accession and emerging markets case by case.

XK
Prishtina
Kosovo · Headquarters
info@vestronis.com
MK
Skopje
North Macedonia · Regional office
skopje@vestronis.com
AL
Tirana
Albania · Regional office
tirana@vestronis.com
ME
Podgorica
Montenegro · Regional office
podgorica@vestronis.com
BA
Sarajevo
Bosnia and Herzegovina · Regional office
sarajevo@vestronis.com
RS
Belgrade
Serbia · Regional office
belgrade@vestronis.com

Partner with Vestronis

Whether you represent a public authority, an investor or lender, or a technical partner, tell us about the opportunity and we will route it to the right team.