Nordecon AS, the Estonian Transport Administration and Viljandi Real Estate OÜ
entered into an agreement for the construction of the IKEA Tallinn store
infrastructure, within which a light traffic road on Kangrumäe Road, accesses to
the IKEA Tallinn store territory and a new roundabout on Kurna-Tuhala Road will
be built.
The cost of the works is close to 3.5 million euros, plus VAT, and they will be
completed in June 2022.
Nordecon (www.nordecon.com
(https://www.globenewswire.com/Tracker?data=kHCW_vZ5GZh7RO8L1bCpI4LelPIGhcZHTZho
2AbGuDQzvXAZdTrydt08HzjaTChDr3sWVTRBfGFp6Kcttcs88g==)) 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, Sweden, Finland and Ukraine. 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 675 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: andri.hobemagi@nordecon.com
(https://www.globenewswire.com/Tracker?data=1n19EvBB6LNEKZTAyjn-I0v8-
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(https://www.globenewswire.com/Tracker?data=pNl2Y-
xcmi9JQXaQEHdtXxjP89s2fX0FhyvUUa5ushtgyIdQu3Tus0UzmzlOGdBFlNnK6pwQfaosk28KssLrTw
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(https://www.globenewswire.com/Tracker?data=kHCW_vZ5GZh7RO8L1bCpI45um7AWmY22cCBZ
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