Construction contract (Piusa border guard station)


Nordecon AS and Riigi Kinnisvara AS signed a main contracting agreement for the reconstruction of Piusa border guard station building. During the works the existing unused part of the building will be dismantled and a new wing will be built. The combined space of the three-storeyed main building and ancillary buildings will be more than 2,500 sqm. The construction will be completed in spring 2016.

The value of the contract is approximately 3.8 million euros (excluding VAT).


Nordecon 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, Ukraine and Finland. The parent of the Group is Nordecon AS, a company registered and located in Tallinn, Estonia. In addition to the parent company, there are more than 10 subsidiaries in the Group. The consolidated revenue of the Group in 2014 was 161 million euros and net profit 2.3 million euros. Currently Nordecon Group employs more than 730 people. Since 18 May 2006 the company's shares have been quoted in the main list of the NASDAQ OMX Tallinn Stock Exchange.

         Andri Hõbemägi
         Nordecon AS
         Head of Investor Relations
         Tel: +372 6272 022
         Email: andri.hobemagi@nordecon.com
         www.nordecon.com