SBA Urban Chairman Lionginas Šepetys Appointed as New CEO
Real estate development firm SBA Urban has announced a significant leadership change, appointing its Board Chairman, Lionginas Šepetys, as the new Chief Executive Officer. He succeeds Mantas Kuncaitis, who led the company until this transition. The decision was made by mutual agreement to align management with updated strategic priorities and investment goals for the coming years. SBA Urban is shifting focus toward developing mixed-use districts, particularly the Nemunaičiai quarter and the Urban Hub business park in Kaunas. Šepetys emphasized that the streamlined operating model aims to ensure clear focus on these key projects. For 2026, the company plans to invest EUR 29.5 million, with the majority allocated to residential and commercial projects in Kaunas and its district. Additional investments are planned for the Vėjo miestelis project in Svencelė and further expansion of the Urban Hub in Vilnius. This restructuring reflects SBA Urban's commitment to enhancing its development portfolio across major Lithuanian cities under the ownership of the SBA Group.
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SBA Urban Chairman Lionginas Šepetys Appointed as New CEO
Real estate development firm SBA Urban has announced a significant leadership change, appointing its Board Chairman, Lionginas Šepetys, as the new Chief Executive Officer. He succeeds Mantas Kuncaitis, who led the company until this transition. The decision was made by mutual agreement to align management with updated strategic priorities and investment goals for the coming years. SBA Urban is shifting focus toward developing mixed-use districts, particularly the Nemunaičiai quarter and the Urban Hub business park in Kaunas. Šepetys emphasized that the streamlined operating model aims to ensure clear focus on these key projects. For 2026, the company plans to invest EUR 29.5 million, with the majority allocated to residential and commercial projects in Kaunas and its district. Additional investments are planned for the Vėjo miestelis project in Svencelė and further expansion of the Urban Hub in Vilnius. This restructuring reflects SBA Urban's commitment to enhancing its development portfolio across major Lithuanian cities under the ownership of the SBA Group.
The Baltic Times