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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 36-hectare Smart City into the largest knowledge- based economic environment in the Baltic countries.
With the decision of the supervisory board of Mainor Ülemiste, Sten Pärnits, who has been fulfilling the duties of a member of the supervisory board until now, will commence his role on the management board of the company on October 21. His areas of responsibility will be sales, customer experience management and administrative matters.
"Mainor is a
family business with a long history, yet with a forward-looking vision. We have
successfully managed all the companies in the group based on our values. The
decision to appoint Sten as a board member of Mainor Ülemiste is a natural
progression. From the owner's perspective, his involvement in Mainor Ülemiste's
management will aid in making more strategic decisions and achieving ambitious
goals," commented Guido Pärnits, chairman of Mainor Ülemiste's supervisory
board.
Sten Pärnits is a graduate of the Faculty of Medicine at the University of Tartu and is currently pursuing studies in business finance at TalTech. He has been an active member of Mainor Ülemiste's supervisory board for a decade.
His history with the company extends back as far as he can remember. "I could technically say that I am one of the company's longest-serving employees because I began working almost 20 years ago as a young boy under the guidance of my grandfather, Ülo Pärnits, pulling weeds and cutting bushes in Rekman. I also assembled furniture parts and worked as a warehouseman in Askala. Additionally, I served as Ülo's secretary," Pärnits recalled. Even as a supervisory board member, he remained closely involved in Mainor Ülemiste's daily activities, overseeing the development of Ülemiste City health centers and attracting healthcare service providers to the campus. "However, as a board member of Mainor Ülemiste, I can now apply my previous experience more effectively in my new area of responsibility. As the owner's representative, my goal is to maintain a clear focus on consistently implementing the long-term strategy," added Pärnits.
According to Ursel Velve, the CEO of Mainor Ülemiste, Sten Pärnits joining the board undeniably brings a fresh perspective to the company's management. "Through the development of our health centers and services, Sten has demonstrated a remarkable ability to make Ülemiste City an attractive hub for service providers. In his role as the leader of the entire customer experience, Sten can unlock the full potential of Ülemiste City on an even larger scale," he noted.
Velve deeply appreciates the contributions of Julius Stokas, who is departing from the company. "Julius has played a significant role in the company's growth for nearly six years, with the last two years as a board member overseeing customer experience, sales, and administrative matters. With Julius's assistance, we have established campus accommodation services and successfully brought new companies into the Ülemiste City community. I am very grateful to Julius for his contribution."
Mainor Ülemiste signed a contract with NOBE, a construction company belonging to the Nordecon Group, for the construction of the first stage of the Ülemiste educational quarter, where the International School of Tallinn will start working in early 2025, and the Ülemiste community building will be opened.
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| Year | 1Q | 2Q | 6 months | 3Q | 4Q | 12 months |
| 2023 | 1Q | 2Q | 3Q | |||
| 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 | 1Q | 2Q | 6 months | 3Q | 4Q | 2019 annual report |
2018 | 3Q | 4Q | 2018 annual report |
NOBE won the new construction tender that was arranged for the changed project of the Ülemiste educational quarter, and in the first stage, they will construct the building of the International School of Tallinn with a gross area of nearly 6,000 square meters and the Ülemiste community building at Valukoja 9. The total cost of the construction is approximately 11.5 million euros without VAT.
Today, the campus is home to Estonian Entrepreneurship University of Applied Sciences, International School of Tallinn from kindergarten to high school, Emil school and Kalli-kalli kindergarten. Due to the planned construction of the Rail Baltica terminal to the area of existing buildings and the growing need for educational services, a new educational quarter is being built in the centre of the Ülemiste campus.
“Educated professionals from Estonia and abroad have been one of the pillars of Ülemiste City as a smart city from the beginning. The campus of Ülemiste has grown and developed rapidly so far, and thinking about the future, it is necessary to build an international study quarter here, covering the entire educational path,” said Kadi Pärnits, the Chairman of the Board of Mainor AS, developer of Ülemiste City. “The first major steps on this path will be the completion of the new building of the International School of Tallinn, which offers IB education from preschool to high school, and the Ülemiste community building at the end of next year, to offer even more opportunities for sharing knowledge and being physically active, as well as a place for socialization.”
According to Ursel Velve, the Chairman of the Board of Mainor Ülemiste, the beginning of June has been a very busy time for Ülemiste City in many areas of development – a unique testing environment in the Nordic countries, Test City, was launched in the business campus, and the cornerstone was placed on the second Health Center, which allows the expansion of the health cluster here and the possibility of offering additional healthcare services. “Now it’s time for the educational quarter, the expansion of which has been long awaited to support the further multifaceted development of the campus. I am happy that we will start to develop the building created in cooperation with students, parents, teachers and service designers after a long period of planning and we will be able to experience a new modern environment already at the beginning of 2025 that will support both learning and movement and in turn will create even more green urban space in addition to our health developments,” she noted.
“Ülemiste City is becoming an independent city, where all services necessary for life are world-class. At NOBE, we highly value smart, versatile and multifunctional architecture, where an use has been found on the entire surface of the building. For example, in the Ülemiste City educational quarter, the entire roof area is used for playgrounds and leisure facilities. To create the best environment, both solar protection glass and noise barriers are used on the buildings. Developer Mainor Ülemiste creates the dream learning environment for all children, but also opens the building to the community for use. As a resident of Ülemiste City, NOBE is happy to participate in the construction of the campus,” said the Board Member and Construction Director of NOBE, Priit Nigols.
According to Hannes Kaadu, Head of the Estonian Branch of OP Corporate Bank plc, OP highly values cooperation with Mainor Ülemiste. “This project allows OP to make another contribution to Estonian society. The Ülemiste educational quarter creates all the prerequisites for providing high-level international education, and the developer has a clear vision of how to do it best. Since the quarter is environmentally friendly, we finance it through a green loan. We are in many ways in line with OP’s own sustainability program”.
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