The company LKT projektai is created by businessman and art collector Viktoras Butkus and foundation Lords LB Opportunity Fund II. Lords LB Opportunity Fund II is owned by Lords LB Asset Management company. The company is related to (shares owned by his company Glera) Mindaugas Marcinkevičius, ex-­share holder of the VP Group. The branch of this company is responsible for the allegedly criminal privatization of the company Cinema Lietuva, which took place 12 years ago in 2002.

LKT projektai claims a mission to create the new project of residential building with Modern Art Centre on the land lot of cinema Lietuva and starts to organize the architectural competition.