Published: 2019-06-11 08:00:00 CEST
Nordecon
Company Announcement

Construction contract (Concrete constructions of Raitinkartano shopping centre and apartment building)

NOBE Rakennus Oy, a Finnish subsidiary of Nordecon Betoon OÜ (brand name NOBE) – a Nordecon Group company – and Fira Oy entered into a contract for the building of concrete constructions of Raitinkartano shopping centre and apartment building at Länsituuli 10, Espoo, Finland. The shopping centre and apartment building will have three underground and nine above ground floors with 9,000 sqm of shopping space on first five floors plus apartments on the seven floors above.

The value of the contract is 7.6 million euros without VAT. The concrete constructions will be completed in August 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