Nordecon Group Secures Project Management Deal for Warehouse
Nordecon Group Partners with Cristella VT OÜ for New Project
Embach Ehitus OÜ, part of the Nordecon group, has officially signed a project management agreement with Cristella VT OÜ. This exciting collaboration aims to oversee the design and construction of Cristella's new technological warehouse located in Võru. With an estimated budget of around 4 million euros, excluding VAT, this project is poised to add significant value to the local construction landscape.
Overview of the Project Management Agreement
This agreement marks a pivotal moment in Nordecon's operations, as they step in to manage the various aspects of the warehouse project. It is anticipated that work on this technologically advanced facility will reach completion by November 2025. This timeline reflects Nordecon's commitment to quality and efficiency throughout the construction process.
About Nordecon Group
Nordecon is a well-established group of construction companies recognized for their expertise in construction project management and general contracting focused on buildings and infrastructures. The group's operational reach extends across Estonia, Ukraine, and Sweden, where they continue to deliver exceptional projects. The parent company, Nordecon AS, is headquartered in Tallinn, Estonia, and has been publicly traded on the Nasdaq Tallinn Stock Exchange since May 18, 2006.
Financial Performance and Workforce
In 2024, Nordecon reported a consolidated revenue of 224 million euros, showcasing their robust position in the construction sector. With a dedicated workforce of approximately 435 employees, the company is well-equipped to handle various projects, ensuring skilled hands are at the forefront of their operations.
Contact and Further Information
For more information regarding the project or company insights, interested parties can reach out directly to:
Andri Hõbemägi
Nordecon AS
Head of Investor Relations
Tel: +372 6272 022
E-mail: andri.hobemagi@nordecon.com
Website: www.nordecon.com
Frequently Asked Questions
What is the value of the project management agreement?
The project management agreement between Nordecon and Cristella VT OÜ is valued at approximately 4 million euros, excluding VAT.
When is the expected completion date for the warehouse?
The new technological warehouse is expected to be completed by November 2025.
Where is Nordecon Group primarily operating?
Nordecon operates in Estonia, Ukraine, and Sweden, focusing on construction project management and general contracting.
What was Nordecon's revenue in 2024?
Nordecon reported a consolidated revenue of 224 million euros in 2024.
Who can I contact for more information about Nordecon?
You can contact Andri Hõbemägi, the Head of Investor Relations at Nordecon AS, at +372 6272 022 or via email at andri.hobemagi@nordecon.com.
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