Nordecon AS Secures Construction Contract
Nordecon AS, along with its subsidiary Eurocon Ukraine TOV and the Estonian Centre for International Development (ESTDEV), has recently secured a major construction contract. This project focuses on converting an existing building into an apartment complex tailored for internally displaced persons. Valued at 1.8 million euros, plus VAT, this initiative is set to be completed within 275 days.
Company Overview of Nordecon
Nordecon is a well-known group in the construction industry, specializing in project management and general contracting. With robust operations in building and infrastructure across Estonia, Ukraine, and Sweden, the group is headed by Nordecon AS, which is based in Tallinn, Estonia. Impressively, the group's consolidated revenue for the year 2023 reached 278 million euros, and they currently employ around 430 dedicated staff members.
Significance of the Project
The construction contract for the apartment complex is significant not only for Nordecon but also for the community it intends to assist. By creating housing solutions for internally displaced individuals, the project aims to support those experiencing difficult situations. This initiative showcases Nordecon's dedication to social responsibility and community development.
Future Prospects and Impact
As this construction project unfolds, it's expected to have a positive impact on the local economy. Beyond providing essential housing, it will also generate job opportunities during the building phase. As Nordecon continues to grow its portfolio with projects that make a difference, the company is well-positioned for future growth and increased recognition within the construction sector.
Contact Information
If you have any questions about this new project or would like more information about the Nordecon Group, please reach out 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 construction contract Nordecon signed?
The construction contract is valued at 1.8 million euros, not including VAT.
How long is the construction period for the apartment complex?
The construction period is anticipated to last 275 days.
Who are the partners in this construction project?
The partners in this project are Nordecon AS, Eurocon Ukraine TOV, and the Estonian Centre for International Development (ESTDEV).
What type of building is being reconstructed?
This project involves transforming a building into an apartment complex specifically for internally displaced persons.
Where is Nordecon AS registered?
Nordecon AS is registered in Tallinn, Estonia.