Nordecon AS Signs Major Contract for Apartment Complex
Nordecon AS Secures Construction Contract
Nordecon AS, in collaboration with its subsidiary Eurocon Ukraine TOV and the Estonian Centre for International Development (ESTDEV), has recently finalized a significant construction contract. This agreement involves the transformation of an existing building into an apartment complex specifically designed to accommodate internally displaced persons. The project, valued at 1.8 million euros, plus VAT, has an expected completion timeframe of 275 days.
Company Overview of Nordecon
Nordecon is a prominent group of construction companies primarily engaged in construction project management and general contracting. With a strong presence in buildings and infrastructure, the group operates across Estonia, Ukraine, and Sweden. At the helm of this group is Nordecon AS, which is headquartered in Tallinn, Estonia. Notably, the consolidated revenue of the group reached an impressive 278 million euros in the year 2023. As of now, the Nordecon Group employs around 430 dedicated professionals.
Significance of the Project
This contract for the apartment complex holds great importance not only for Nordecon but also for the community it intends to serve. By providing housing for internally displaced individuals, the project aims to support those who are affected by challenging circumstances. This effort reflects Nordecon's commitment to social responsibility and community development.
Future Prospects and Impact
Looking ahead, this construction initiative is expected to create a positive ripple effect in the local economy. It not only aims to provide essential housing but also offers employment opportunities during the construction phase. As Nordecon continues to expand its portfolio and engage in socially impactful projects, the company is poised for growth and enhanced visibility within the construction industry.
Contact Information
For further inquiries regarding this new project or information about the Nordecon group, interested parties may contact:
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 construction contract Nordecon signed?
The value of the construction contract is 1.8 million euros, excluding VAT.
How long is the construction period for the apartment complex?
The anticipated construction period is 275 days.
Who are the partners in this construction project?
The partners include Nordecon AS, Eurocon Ukraine TOV, and the Estonian Centre for International Development (ESTDEV).
What type of building is being reconstructed?
The project involves transforming a building into an apartment complex for internally displaced persons.
Where is Nordecon AS registered?
Nordecon AS is registered and based in Tallinn, Estonia.
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