SBA Urban

What SBA Urban does

SBA Urban is the real estate development arm of SBA Group, one of Lithuania's largest diversified conglomerates, operating since 2007 and headquartered in Vilnius. The company develops premium commercial, residential and mixed-use properties across the Baltic States, organized under sub-brands Urban PRO (commercial business centers such as Green Hall in Vilnius and BLC in Kaunas), Urban LIVE (residential, including the Nemunaičiai quarter with Pasaka, Poemos and the Hermanas business center in Kaunas), Urban HUB (stock-office miestelis in Vilnius and Kaunas), and Urban WIND (the Vėjo miestelis wind-sports resort in Svencelė). Buildings incorporate geothermal heating, advanced microclimate control, EV charging and target Fitwel, BREEAM and WELL certifications, with BLC being the first Fitwel-certified building in the Baltic States. The portfolio spans 280,000 m² delivered and 34,000 m² under development.

SBA Urban generates revenue through real estate development and one-off sales of residential and commercial space, recurring rental income from leased office, retail and warehouse facilities across its business parks, and capital-markets activity including project-bond issuance on Nasdaq First North and via the BeMyBond platform — six tranches since 2023 totaling over EUR 43 million nominal value. The company serves enterprise commercial tenants (Citadele Bank, Moody's, Novartis, MSC, Tele2, EY, Tribe Payments), individual residential buyers, and retail/institutional bond investors, and is expanding internationally into Latvia via land acquisitions in Riga.

Its business model relies on deep capital backing from SBA Group, a EUR 400 million five-year investment commitment, partnerships with internationally recognized architecture firms (PLH, 3deluxe, Paleko archstudija, Gintautas Natkevičius), and an asset-light financing approach using project-level bond issuance to fund development without diluting equity. The strategy emphasizes distinctive architecture and sustainability certifications as differentiators in the Baltic premium-segment market.

Name

SBA Urban

Legal name

UAB "SBA Urban"

Website

https://sbaurban.lt

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

11–50 employees

Short description

SBA Urban is a Lithuanian real estate developer and SBA Group subsidiary designing premium mixed-use districts, business centers, and residential projects across the Baltics, funded via Nasdaq First North bond issuances and serving enterprise tenants, residential buyers, and retail investors.

Ownership category

akta.pro rank

Product category

Commercial and Residential Real Estate Development

NAICS

Commercial and Institutional Building Construction (236220), New Housing For-Sale Builders (236117), Land Subdivision (23721)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Operators (No Developers) & Lessors (6510)

akta.pro primary industry

Retail & Mixed-Use Commercial Construction (IMAFACAB)

akta.pro secondary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

Keywords

• Commercial real estate development
• Residential property development
• Mixed-use districts
• Sustainable architecture
• Real estate investment

Headquarters

HQ city

Vilnius

HQ country

Lithuania

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Real Estate Development and Sales: Development and sale of residential and commercial real estate projects including business centers, mixed-use districts, and residential complexes.
2. Commercial Property Rental: Leasing of office, retail, and warehouse spaces in developed business parks (Green Hall, BLC, Urban HUB). Generates recurring rental income from business tenants.
3. Bond Issuances: Capital market financing through bond emissions. Since 2023, 6 bond emissions issued with total nominal value exceeding EUR 43 million. Interest paid to investors generates cost of capital.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

SBA Urban develops premium commercial, residential, and mixed-use real estate projects across the Baltic States. The company sells residential apartments and leases commercial office, retail, and logistics spaces in business parks such as Green Hall, BLC, and Urban HUB, while also financing development through bond issuances distributed via Nasdaq First North.

Product overview

SBA Urban is a Lithuanian real estate development company operating since 2007 with 280,000 sqm developed and 34,000 sqm under development. The company operates as a multi-brand platform offering diverse property types: residential (Urban LIVE sub-brand: Nemunaičiai quarter with Pasaka, Poemos buildings), commercial/mixed-use (Urban PRO: Green Hall business valley in Vilnius with 3 buildings, BLC in Kaunas), stock-office concepts (Urban HUB in Kaunas and Vilnius), specialized coastal living (Urban WIND: Vėjo miestelis wind sports resort), and office hotel services (Monday Office). The portfolio includes office hotels, premium apartments, business centers, and e-commerce/logistics hubs, with projects in Lithuania and expansion to Latvia. The company targets both residential communities and business tenants, with focus on sustainability, architectural aesthetics, and international awards.

Differentiator

Problem solved

Functional benefit

Brands

• Urban HUB: Mixed-use stock-office miestelis concept combining retail, logistics, and office spaces. Developed in Kaunas (67,000 m²) and Vilnius (22,000 m²) locations near major highways. Features flexible spaces from 150 to 6,000 m² for businesses.
• Urban WIND
• Urban LIVE

Products and services

• Poemos Premium-class residential project in Nemunaičiai district, Kaunas, featuring two buildings (6 and 8 storeys) with 42 apartments offering 360-degree panoramas of the Nemunas River, Kaunas Old Town, and sunsets. Smart home solutions and terraces up to 55 sqm. Designed by National Architecture Award laureate Gintautas Natkevičius.
• Pasaka Seven-storey A++ energy-class residential project within Nemunaičiai quarter, Kaunas. 90 apartments with first two floors for commercial and medical use. Over 80% of units reserved.
• Hermanas Business Center 8-storey A++ class business center within Nemunaičiai quarter, Kaunas. 10,862 sqm of modern office spaces. Bonds listed on Nasdaq First North. Targeting WELL certification.
• Nemunaičiai Quarter Large-scale mixed-use quarter on the left bank of the Nemunas River in Kaunas. Combines residential buildings (Pasaka, Poemos), business center (Hermanas), and public spaces. Developed with investment company S3 Invest.
• Urban HUB Kaunas Stock-office type mixed-use development near A1 highway, Kaunas. Total 67,000 sqm planned in 3 phases (22-24,000 sqm each). Investment approx. EUR 92 million. Architecture by Danish firm PLH. 80%+ leased.
• Urban HUB Vilnius Stock-office type development near Ukmergės street, Vilnius. 22,000 sqm total area. EUR 30 million investment. Completed July 2024 with 70%+ leased.
• Green Hall Business Valley Three-building business valley on the right bank of the Neris River in Vilnius. Total 21,000+ sqm. Investments EUR 42 million. Notable tenants include Moody's, Novartis, Citadele bank, Monday Office. Geothermal heating in Green Hall 3.
• BLC Business Center Business center complex in Kaunas next to Vienybės aikštė. Multiple buildings with A+ energy class. First Baltic States Fitwel certification (3 stars). Notable tenants include Tribe Payments, EY, Tele2.
• Monday Office (Serviced Offices) Serviced private office concept within Green Hall buildings. Total 900 sqm across two locations. Art deco interior design by Heima Architects. Flexible terms for 1-5 person teams.
• Vėjo miestelis (Wind Town) Wind sports resort community in Svencelė, Lithuania. Eco-friendly CO2-neutral homes for wind sports enthusiasts (kitesurfing, windsurfing). Recreation facilities including cafes, cinema.
• Kopų slėnis (Dune Valley) Recreation apartments in Palanga, Lithuania. Sold out development near the Baltic Sea coast.
• Kauno Dokas Business center in Kaunas, managed by Capitalica Asset Management. River-cooled system. Notable as the only river-water cooled business center in the city.
• SBA Urban Bond Issuances

Quantifiable outcome

• BLC became first building in Baltic States to achieve Fitwel certification
• +2 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Nine partnerships are on record, tiered minor and core.

• Colliers BalticsminorStrategic or Co-development Partner · 26 January 2021Colliers Baltics Industrial & Land Agency represented the seller in the acquisition of 7.3 ha site in Riga for tech campus development. Advisory role in real estate transactions.
• Gintautas Natkevičius ArchitectscoreStrategic or Co-development PartnerWon international architectural competition to design the Poemos premium residential project in Nemunaičiai district. Led by National Architecture Awards laureate Gintautas Natkevičius.
• PLH Architects (Denmark)coreStrategic or Co-development PartnerDanish architectural firm created Urban HUB concept. Previously collaborated on Green Hall project. Responsible for distinctive architecture of e-commerce and stock-office miestelis developments in Kaunas and Vilnius.
• 3deluxe (Germany)coreStrategic or Co-development PartnerInternational architecture firm that designed Vienybės aikštė square and BLC business center. Won German Design Award and IF Design Award for the project.
• Rolandas Palekas / Paleko archstudijacoreStrategic or Co-development PartnerNational Architecture Award laureate designed SBA Industrial Innovation Valley project. Created innovative industrial building that won Best Industrial Asset in Baltics award.
• BeMyBondcoreChannel Partner/ Reseller/ DistributorBond distribution platform used for retail investor access to SBA Urban bond issuances. Pasaka project bond distributed via BeMyBond platform.
• Notus DeveloperscoreStrategic or Co-development PartnerSBA Group company handling real estate project and construction process management. Selected general contractor for Nemunaičiai project (Eikos statyba). Develops e-commerce miestelis projects.
• Eikos statybaminorImplementation/ SI/ Consulting PartnerConstruction company selected as general contractor for Nemunaičiai development (10,000 m²). One of strongest construction companies in Lithuania.
• VESTA ConsultingminorImplementation/ SI/ Consulting PartnerConsulting firm that advised and audited BLC 2 Fitwel certification process. Provided sustainability development consulting.

Scale indicators13 records

Recent moves10 records

Expansion highlights4 records

Broad incumbents

• Akropolis Group: Lithuanian shopping and entertainment center operator/developer. Larger and more retail-focused than SBA Urban, but active in the same Lithuanian commercial real estate market and was the counterparty in SBA Urban's 12.5 ha Kaunas land acquisition.
• Merko Ehitus: Estonian-listed construction and real estate development group with significant Baltic operations including Lithuania. Larger and more diversified than SBA Urban, but operates in the same commercial and residential development categories.

Direct peers

• Hepsor AS: Estonian residential and commercial real estate developer with similar mid-market positioning and Baltic regional focus. Develops apartments and office spaces, comparable in size and segment to SBA Urban's Lithuanian operations.
• Capitalica Asset Management: Lithuanian real estate asset manager that manages Kauno Dokas (a property in SBA Urban's portfolio). Active in Baltic commercial real estate investment and management with comparable regional focus.
• Lords LB Asset Management: Lithuanian asset manager focused on commercial real estate investment and development in the Baltics. Manages real estate funds with comparable geographic exposure and asset class focus.
• YIT Lietuva: Finnish-headquartered construction and development company with active Lithuanian operations. Develops residential, commercial, and mixed-use projects in the Baltic market, directly comparable to SBA Urban's project types.
• EfTEN Real Estate Fund: Estonian real estate fund focused on commercial properties in the Baltics (retail, office, logistics). Operates in similar geographies and asset categories to SBA Urban, though structured as an investment fund rather than a developer.
• Lumi Capital: Lithuanian real estate development company focused on commercial, residential, and mixed-use projects in Vilnius. Comparable size and market to SBA Urban with similar project profiles.
• INVL Baltic Real Estate: Lithuanian closed-end investment company investing in commercial real estate in the Baltics. Owns and manages office, retail, and warehouse properties with comparable geographic focus to SBA Urban.

Emerging players

• Citus Construction: Lithuanian residential and commercial real estate developer with active projects in Vilnius. Smaller in scale than SBA Urban but operates in the same premium residential segment with similar customer profile.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/sba-urban

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SBA Urban