Published: 2019-01-23 12:00:00 CET
Nordecon
Company Announcement

Construction contract (Jahu 4 office buildings)

A consortium of Nordecon Betoon OÜ (brand name NOBE), a Nordecon Group company, and Mapri Ehitus OÜ entered into a contract with Reterra Estate OÜ and Invego OÜ for the construction of the 4,800 sqm office complex consisting of three and five storey buildings located on the corner of Jahu and Suur-Patarei street in Tallinn.

The value of the contract is close to 6 million euros plus value added tax. The buildings will be completed in the beginning of 2020.

Nordecon (www.nordecon.com) is a group of construction companies whose core business is construction project management and general contracting in the buildings and infrastructures segment. Geographically the Group operates in Estonia, Ukraine, Finland and Sweden. The parent of the Group is Nordecon AS, a company registered and located in Tallinn, Estonia. The consolidated revenue of the Group in 2017 was 231 million euros. Currently Nordecon Group employs close to 700 people. Since 18 May 2006 the company's shares have been quoted in the main list of the NASDAQ Tallinn Stock Exchange.

Andri Hõbemägi
Nordecon AS
Head of Investor Relations
Tel: +372 6272 022
E-mail: andri.hobemagi@nordecon.com
www.nordecon.com