Nordecon Group Secures Major Construction Project in Võru
Significant Construction Contract Signed
Embach Ehitus OÜ, part of the Nordecon group, has entered into an important agreement with Riigi Kinnisvara AS for the reconstruction of the Võru State Building located at Jüri 12. The total value of this contract is set at 4.7 million euros, excluding VAT, and the projected timeline for completion is 18 months.
Nordecon Group Overview
Nordecon is a prominent construction company specializing in project management and general contracting within the building and infrastructure sectors. The company operates not only in Estonia but also in international markets such as Ukraine and Sweden. The group is financially robust, with a reported consolidated revenue of 224 million euros in 2024 and a workforce nearing 420 employees.
Investment in Infrastructure
This latest project highlights Nordecon's commitment to enhancing public infrastructure, which plays a crucial role in community development and growth. By revitalizing significant structures like the Võru State Building, Nordecon contributes to the cultural and architectural legacy of its operational regions.
Future Plans and Vision
Taking into account the new contract, Nordecon plans to solidify its portfolio in both domestic and international markets. The strategic focus remains on sustainable and innovative construction practices, as the company seeks to lead the industry with quality construction and project delivery.
Investor Relations
For inquiries regarding investments or the latest updates on projects, interested parties can reach out to Andri Hõbemägi at Nordecon AS. He handles investor relations and is available at +372 6272 022. Email correspondence can be directed to andri.hobemagi@nordecon.com for more detailed information.
Connecting with the Community
Nordecon prioritizes transparency and engagement with local communities affected by their construction projects. The company aims to keep stakeholders informed and involved, thereby fostering a strong relationship between Nordecon and those who benefit from their developments.
Frequently Asked Questions
What is the total value of the Võru State Building contract?
The contract is valued at 4.7 million euros, excluding VAT.
How long will the reconstruction take?
The planned timeline for completing the project is 18 months.
Where does Nordecon operate?
Nordecon operates mainly in Estonia, as well as in Ukraine and Sweden.
What is the significance of this project?
The project is important for local infrastructure and represents Nordecon's commitment to enhancing public facilities.
Who should I contact for investor inquiries?
Contact Andri Hõbemägi at Nordecon AS for any investor relations queries.
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