Nordecon AS and Technopolis Ülemiste AS entered into a contract for construction of an office building at Lõõtsa 12 in Ülemiste City, Tallinn. The 13-storey building named after Alexandre Liwentaal will house 9,000 m² of office premises. This office building will be built based on the standards of the Leed Gold certificate, meaning that the building will meet strict requirements for so-called “green” buildings from the perspective of environment-friendliness, energy consumption, construction works and the selection of building materials, as well as the use.
The cost of the construction contract exceeds 8 million euros before value added tax. Construction of the office building will be completed in the second quarter of 2018.
Nordecon (www.nordecon.com) 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, Finland and Sweden. 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 2015 was 145.5 million euros. Currently Nordecon Group employs close to 700 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
E-mail: andri.hobemagi@nordecon.com
www.nordecon.com