Construction contract (Kuuseheki 52 apartment building)
Nordecon AS and Kinnistud S OÜ entered into contract for building the Class A energy rating apartment building with 48 apartments at Kuuseheki 52, Saue. The agreement includes performance of design and construction works of the building and utility networks. Extending over three above ground and one underground floors, this four-staircase building will have a gross area of 4,155 m² and a net area of 3,500 m².
The contract value is 3.5 million euros plus VAT. The building is due for completion in November 2019.
Nordecon () 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
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