Nordecon Group Expands Its Portfolio with New Commercial Project
Nordecon Group's New Commercial Construction Contract
AS Nordecon group company Embach Ehitus OÜ, alongside Kaarsilla Kinnisvara OÜ, has embarked on an exciting journey by entering into a contract for the construction of a new commercial building situated at Kreenholmi 54A. This project is poised to elevate the area significantly.
Project Details and Financials
The total investment for this ambitious project stands at 5.05 million euros, excluding VAT. It’s set to be completed by July 2026, representing a constructive timeline that emphasizes both efficiency and quality.
About Nordecon Group
Nordecon, a prominent player in the construction industry, focuses primarily on construction project management and general contracting within the buildings and infrastructures sector. With its operational roots extending into Estonia, Ukraine, and Sweden, Nordecon is positioned as a significant entity in the regional construction landscape.
Financial Performance
The projected consolidated revenue of Nordecon Group for 2024 is anticipated to reach 224 million euros. This figure illustrates the robust growth the company has experienced, further strengthened by a dedicated workforce of close to 420 individuals.
Market Presence
Since May 18, 2006, Nordecon’s shares have been traded on the main list of the Nasdaq Tallinn Stock Exchange under the ticker symbol Tallinn:NCN1T. This listing has greatly increased its visibility to investors and industry stakeholders alike.
Contact Information
For further inquiries regarding this project, you can contact Andri Hõbemägi, who serves as the Head of Investor Relations at Nordecon AS. He is always ready to assist with any questions you might have. You can reach him by telephone at +372 6272 022 or via email at andri.hobemagi@nordecon.com. For more information, visit their website at www.nordecon.com.
Frequently Asked Questions
What is the purpose of the construction contract?
The contract aims to construct a commercial building to enhance the business landscape in the designated area.
How much is the total cost of the project?
The total cost of the project is 5.05 million euros, excluding VAT.
When is the completion date for the commercial building?
The expected completion date for the project is in July 2026.
What services does Nordecon Group provide?
Nordecon Group specializes in construction project management and general contracting in the buildings and infrastructures sector.
How can I reach Nordecon Group for more information?
You can contact the Head of Investor Relations, Andri Hõbemägi, via telephone or email. His contact details are provided in the article.
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