Nordecon AS Begins Construction on Innovative TV House
Nordecon AS has officially signed a contract with the Estonian Public Broadcasting for the construction of a state-of-the-art TV house in Tallinn. This exciting project underscores Nordecon’s commitment to developing modern infrastructure and supports the broadcasting capabilities in the region.
Project Features and Overview
The new TV building will offer a multifunctional space that encompasses six above-ground floors alongside an underground parking facility. Covering an impressive total net floor area of 17,000 square meters, it will house various studios, storage rooms, decorative workshops, and essential television technology units, all while providing ample office space.
Construction Contract Details
The total cost of the contract is projected at 40.1 million euros, which includes provisions for contingencies but excludes VAT. The construction is slated for completion within 36 months, reflecting Nordecon's efficient project management capabilities.
Nordecon’s Expertise in Construction
Nordecon AS is well-known as a prominent group of construction companies specializing in project management and general contracting, particularly within the buildings and infrastructure sectors. Operationally, the group has a significant presence not only in Estonia but also in Ukraine and Sweden, showcasing its geographical versatility.
Financial Performance and Workforce
In the recent fiscal year, Nordecon's consolidated revenue reached 278 million euros, demonstrating a robust financial position in the construction industry. The company currently employs roughly 440 professionals, all contributing to its success across various construction projects.
Future Growth and Expansion Strategy
With this contract for the new TV house, Nordecon continues to expand its portfolio and dominate the Estonian construction market. The investment signifies a strategic move to enhance infrastructure, particularly in media, and showcases the Group’s vision for sustainable growth.
Contact Information
For those interested in learning more about Nordecon or to inquire about its services, the Head of Investor Relations, Andri Hõbemägi, can be reached at +372 6272 022. You can also reach out via email at andri.hobemagi@nordecon.com. More information can be found on their official website at www.nordecon.com.
Frequently Asked Questions
What is the purpose of the new TV house?
The new TV house aims to provide advanced facilities for the Estonian Public Broadcasting, enhancing their broadcasting capabilities through modern studios and technology.
How much will the construction of the TV house cost?
The total estimated cost for the construction project is approximately 40.1 million euros, excluding VAT.
When is the project expected to be completed?
The construction is set to be completed within 36 months from the contract signing date.
Where will the new TV building be located?
The new TV house is located on F.R. Kreutzwaldi tn 14 / Gonsiori tn 21 in Tallinn.
Who is overseeing the construction project?
Nordecon AS will oversee the construction project, utilizing their extensive expertise in the construction field.
