Announcement View
Company Nordecon AS
Type Company Release
Category Other corporate action
Publicize date 19 Jan 2022 09:00:00 +0200
Kell English
Title Construction contract (Uus-Järveküla housing estate)
Nordecon  Betoon OÜ (brand name  NOBE), a Nordecon Group  company entered into a
contract  with  Tohvri-Kivi  OÜ,  an  Invego  Group  company  for the design and
construction  of  the  Uus-Järveküla  housing  estate in Rae parish. 28 terraced
houses  and eight semi-detached  houses with 165 housing  units in total will be

The  value of the contract is 28.3 million euros plus value added tax. The first
houses will be completed in 2023.

Nordecon                                                       (
B6CVulQuOTa5uCGlFznmB8bU43L4F7nZIslR1rUY5f2vkMXQvbG6P_RygX0SuRDZk=))  is a group
of construction companies whose core business is construction project management
and   general   contracting   in  the  buildings  and  infrastructures  segment.
Geographically  the Group operates in Estonia,  Finland, Ukraine and Sweden. The
parent of the Group is Nordecon AS, a company registered and located in Tallinn,
Estonia.  The consolidated revenue  of the Group  in 2020 was 296 million euros.
Currently  Nordecon Group  employs 690 people.  Since 18 May  2006 the company's
shares have been quoted in the main list of the Nasdaq Tallinn Stock Exchange.

Andri Hõbemägi
Nordecon AS
Head of Investor Relations
Tel: +372 6272 022
E-mail: (
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