Construction contract (Lesta 10 apartment buildings)


Nordecon AS and Haven Kakumäe OÜ signed a contract to design and build three apartment building to Lesta 10, Kakumäe, Tallinn. These three-storey buildings will have total gross area of 10695 m² and net area of 9410 m² accommodating 55 2–5 room apartments in total. An underground car park connects all the buildings.

The value of the contract is about 11 million Euros. The buildings will be complete by the end 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. The consolidated revenue of the Group in 2016 was 183 million euros. Currently Nordecon Group employs close to 740 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
         www.nordecon.com

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