Published: 2019-05-24 08:00:00 CEST
Nordecon
Company Announcement

Construction contract (Veskiposti 2 parking house and office building concrete framework)

Nordecon Betoon OÜ (brand name NOBE), a Nordecon Group company entered into a contract with Kaamos Ehitus OÜ for the design and construction of the concrete bearing framework for the parking house and office building located Veskiposti 2, Tallinn. It will be the first 12-storey office building with space of 14,483 sqm in the new Avala quarter adjacent to which one-storey parking house with an underground level with the space of 2,897 sqm and 87 parking spaces will be built.

The value of the contract is 3.01 million euros plus value added tax. The construction works will be completed in February 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 2018 was 223 million euros. Currently Nordecon Group employs close to 660 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