Market announcement

Nordecon AS

LEI code

48510000D8HSLK854I81

Size of the entity

Large group

Economic activities

Construction

Country of registered office

Estonia

General information

Categories

Other corporate action

Unique data record identifier

8956

Submission date and time

26.07.2021 14:50:00

Content of announcement in Estonian

Title

Ehituslepingu sõlmimine (Vektori äri- ja eluhoonekompleks)

Message

Nordecon AS sõlmis Triple Net Capital OÜ enamusomandusse kuuluva P137 OÜ-ga
lepingu Tallinnasse Pärnu mnt 137 aadressile Vektor arendusprojekti raames
äripindadega korterelamute projekteerimiseks ja ehitamiseks. Kinnistule kerkib
tornmaja 16 korruselise ja 12 korruselise torniga, kokku 200 korteri ja 320
parkimiskohaga koos 1500 m(2) suuruse katusaiaga parkimismaja katusel. Hooned
projekteeritakse vastavaks LEED GOLD sertifikaadi nõuetele ning kompleksi
brutopind on 38 000 m(2).

Lepingute kogumahuks on ligi 38 miljonit eurot, millele lisandub käibemaks, ning
projekti valmimistähtaeg on kavandatud 2023. aasta lõpuks.

Nordeconi kontsern (www.nordecon.com
(https://www.globenewswire.com/Tracker?data=kHCW_vZ5GZh7RO8L1bCpI4LelPIGhcZHTZho
2AbGuDQzvXAZdTrydt08HzjaTChDr3sWVTRBfGFp6Kcttcs88g==)) hõlmab ettevõtteid, mis
on keskendunud hoonete ja rajatiste ehitamise projektijuhtimisele ja
peatöövõtule. Geograafiliselt tegutsevad kontserni ettevõtted Eestis, Rootsis,
Soomes ja Ukrainas. Kontserni emaettevõte Nordecon AS on registreeritud ja asub
Tallinnas, Eestis. Kontserni 2020. aasta konsolideeritud müügitulu oli 296
miljonit eurot. Nordeconi kontsern annab hetkel tööd 675 inimesele. Alates
18.05.2006 on emaettevõtte aktsiad noteeritud Nasdaq Tallinna Börsi
põhinimekirjas.

Andri Hõbemägi
Nordecon AS
Investorsuhete juht
Tel: +372 6272 022
Email: [email protected]
(https://www.globenewswire.com/Tracker?data=1n19EvBB6LNEKZTAyjn-I0v8-
zfTQnRJNKneDibdAGSd2UseG1bRRQl4XuTpPT9nDJV1AQcVyRBpUtmPrpC5WSoFXkucKjCPr2KgqTL4P
m1T3o9ww_TwZGSyyWUKDHoG)
 (https://www.globenewswire.com/Tracker?data=pNl2Y-
xcmi9JQXaQEHdtXxjP89s2fX0FhyvUUa5ushtgyIdQu3Tus0UzmzlOGdBFlNnK6pwQfaosk28KssLrTw
==)www.nordecon.com
(https://www.globenewswire.com/Tracker?data=kHCW_vZ5GZh7RO8L1bCpI45um7AWmY22cCBZ
L9PeWLwI2eSVO7FzW6lIzLEir_cECKdblba1Nu1e0w2FCeB6OQ==) ?

Content of announcement in English

Title

Construction contract (Vektor commercial and residential complex)

Message

Nordecon AS entered into an agreement with P137 OÜ, a company majority owned by
Triple Net Capital OÜ, for the design and construction of apartment buildings
with commercial premises in Tallinn, Pärnu mnt 137, within the framework of the
Vektor development project. A tower house with one 16-storey and one 12-storey
tower with 200 apartments and 320 parking spaces with a 1,500 sqm roof garden on
the roof of the parking house will be built on the property. The buildings are
designed to meet the requirements of the LEED GOLD certificate and the gross
area of the complex is 38,000 sqm.

The total value of the contracts is close to EUR 38 million, plus VAT, and the
project is scheduled to be completed by the end of 2023.

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: [email protected]
(https://www.globenewswire.com/Tracker?data=1n19EvBB6LNEKZTAyjn-I0v8-
zfTQnRJNKneDibdAGSd2UseG1bRRQl4XuTpPT9nDJV1AQcVyRBpUtmPrpC5WSoFXkucKjCPr2KgqTL4P
m1T3o9ww_TwZGSyyWUKDHoG)
 (https://www.globenewswire.com/Tracker?data=pNl2Y-
xcmi9JQXaQEHdtXxjP89s2fX0FhyvUUa5ushtgyIdQu3Tus0UzmzlOGdBFlNnK6pwQfaosk28KssLrTw
==)www.nordecon.com
(https://www.globenewswire.com/Tracker?data=kHCW_vZ5GZh7RO8L1bCpI45um7AWmY22cCBZ
L9PeWLwI2eSVO7FzW6lIzLEir_cECKdblba1Nu1e0w2FCeB6OQ==)