Sten Pärnits was named the next head of Mainor Ülemiste

Long-time Ülemiste City developer Sten Pärnits (34) 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.

Ülemiste City is the biggest business park in the Baltic States and the third-biggest economic centre in Estonia. It is home to almost 400 companies, with more than 18,000 people living, working and studying there. It has approx. 200,000 m² of lettable space and 500,000 m² of building rights. To date, it has attracted €450 million in investments. As much as 45% of Ülemiste City’s added value is generated by ICT companies, and a third of Estonia’s total ICT service exports originate from the business park.