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Published: 14 february 2020 16:31

Astrauskas becomes the CEO of Urban Inventors

Tomas Astrauskas
SBA / Tomas Astrauskas

Tomas Astrauskas, who has accrued international experience in various international construction and project management companies, has been confirmed as the SBA Group real estate company Urban Inventors CEO.

T. Astrauskas holds an education in construction management and has accrued 17 years of international experience in the construction sphere, implemented a number of various projects in Lithuania, Scandinavia, the UK, Germany, Spain, France and other countries. In recent years, he lived in Spain, where he worked as the deputy CEO for Europe at the international firm HBG-Corp. He was responsible for the organisation’s development strategy in Europe and the United States of America. Prior to this, T. Astrauskas was the head of the innovative façade company Staticus for five years, was the board chairman of its secondary companies in Sweden and Norway. Prior to then, he worked for eight years as this company’s head of sales.

“The vigorous Urban Inventors team is joined by a leader, who holds a global perspective and solid international construction sphere experience and who will help expand the company’s scale of activity and markets. In the coming years, Tomas and the whole Urban Inventors team will manage interesting, ambitious and creative projects, whose main traits will continue to be exceptionality and sustainability,” Urban Inventors board chairman Lionginas Šepetys says.

“Our priority for the near future is ambitious development. Including active opportunity analysis in foreign markets. The experience, energy and precise focus on quality that Urban Inventors holds place a firm foundation for the company’s rapid growth,” Urban Inventors CEO T. Astrauskas says.

This year, Urban Inventors plans to invest almost 40 million euro in real estate projects – a fifth more than last year. Beyond investment in commercial real estate, the company will be entering the housing market and will develop an exclusive residential quarter on the left bank of Nemunas river in Kaunas, close to the planned M. K. Čiurlionis concert centre.

Urban Inventors also owns the recently completed BLC2 business centre, which was founded right in Kaunas’ city centre, next to Vienybės Square, which is being renewed by the SBA group and which has earned international recognition. In Vilnius, Urban Inventors manages the three business centre valley Green Hall on the shore of Neris river. The company is also developing the SBA Technology and Innovation Park next to Klaipėda.

SBA is one of the largest Lithuanian capital companies. It operates in the real estate, textile and furniture manufacture sectors. Other than Urban Inventors, in the real estate sector, SBA also owns the investment managements company Capitalica Asset Management, which is constructing in Kaunas the Kauno Dokas business centre, in Vilnius – 135 and is developing the modern office complex VERDE in Riga.

The SBA furniture manufacture sector includes SBA Baldų Kompanija, which manages Klaipėdos Baldai, Šilutės Baldai, Germanika, Visagino Linija and Mebelain, as well as Kauno Baldai. The SBA textile sector is comprised of Utenos Trikotažas, as well as the companies Šatrija and Mrija. Last year, SBA obtained the robotics solutions company Robotex and founded SBA Modular, which plans to produce modular multi-storey buildings in Lithuania.

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