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AN INSPIRING ENVIRONMENT FOR CREATIVITY AND INNOVATION
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Ülemiste City

400

companies

30

hectares

18 000

talents

185 000

of office space

3000

parking spaces

Ülemiste City is a modern district located on the territory of the old Dvigatel factory in the immediate vicinity of Tallinn Airport. Ülemiste City houses a large number of innovative enterprises and its aim is to develop the 30-hectare Smart City into the largest knowledge- based economic environment in the Baltic countries.

Ülemiste City →

News

11.04.2025Sten Pärnits Appointed New CEO of Mainor Ülemiste  

Long-time Ülemiste City developer Sten Pärnits has been appointed by the supervisory board of AS Mainor Ülemiste to chair the company’s Management Board from 1 May 2025. Pärnits comes from a broad-ranging educational background and has extensive experience in the strategic management of Ülemiste City.

Guido Pärnits, the Chairman of the Supervisory Board of AS Mainor Ülemiste and AS Mainor, says the incoming chairman’s greatest strength undoubtedly lies in his ability to develop a diversified 24/7 campus and lead innovation, service and community development. “What Sten has achieved so far in integrating the sales and customer experience teams of Technopolis Ülemiste and Mainor Ülemiste, in introducing digital systems and in developing the community fund has been a textbook example of how to combine vision with practical implementation,” he remarked.


“The new team at Estonia’s largest real estate company really gets the big picture, so inspiring them to work towards a common goal requires a clear vision, a unified message and strong communication skills both inside and outside the company. Those are qualities that set Sten apart, and that make him the perfect choice for a position of such responsibility.”

Sten Pärnits himself says that he will have his hands full from the moment he takes up the post. “Not only is work starting on our third health centre and on Viktor Masing House, but we are initiating residential projects and developing Europe Park, the high-rise that comes with it and subsequent big sites,” he explained. “Bolstering the team so that they are capable of realising the vision of Ülemiste City, developing data- and technology-driven service delivery and cultivating the link between innovation and everyday life in Ülemiste City will be a priority, too.”

Sten Pärnits joined Ülemiste City in 2008 as the secretary to Ülo Pärnits. He has served on the supervisory boards of AS Mainor Ülemiste (2017-2023) and AS Mainor (2013-present), has played leading roles on a number of large-scale projects – including the development of all the health centres in Ülemiste City – and has been responsible for sales and customer management since 2023.

Sten graduated from Kadriorg German Gymnasium with a gold medal before obtaining a Master’s degree in medicine at the University of Tartu. He is currently in his final year of studying business finance at TalTech.


28.03.2025A new health centre with a modern nursing home sets Ülemiste City on the path to becoming the largest health cluster in the Baltic States

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27.09.2024Ülemiste City opened its new Health Centre and will expand access to the health services of the Tartu University Hospital

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Investor
Mainor Ülemiste AS periodic reports

Year1Q2Q6 months3Q4Q12 months
 2024 1Q   2Q6 months 3Q  
 
2023

 1Q 2Q  3Q 4Q  2023 annual report
 
2022

 1Q 2Q 6 months 3Q 4Q  2022 annual report

2021

 1Q
 2Q 6 months 3Q 4Q 2021 annual report

2020

 1Q
 2Q
 6 months
 3Q
 4 Q
 2020 annual report

2019

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 6 months
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 4Q
 2019 annual report

2018




 3Q
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 2018 annual report

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Tanel Olek

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tanel.olek@mainorulemiste.ee
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+372 516 6728