Construction contract (Nõlvakaare Selver)
04 Dezembro 2023 - 4:00AM
Construction contract (Nõlvakaare Selver)
AS Nordecon group company Embach Ehitus OÜ and
Kaarsilla Kinnisvara OÜ entered into a design and construction
contract of a commercial building located in Tartu County, Tartu
Municipality, Raadi Borough, Nõlvakaare 4. This two-storey building
will have a net area of 4,928 sqm and has commercial premises on
the lower floor and a sports centre on the upper floor. The anchor
tenant of the building is Selver AS.
The total value of the contract is 4.9 million
euros without VAT and the works will be completed in July of
2024.
In addition, Embach Ehitus OÜ and Kaarsilla
Kinnisvara OÜ have decided to terminate the construction contract,
the conclusion of which was previously announced on 06 February
2023, due to the non-fulfilment of conditions precedent and the
postponement of the project to the spring of 2025.
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, Finland, Ukraine 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 2022 was 323 million
euros. Currently Nordecon Group employs close to 570 people. Since
18 May 2006 the company's shares have been quoted in the main list
of the Nasdaq Tallinn Stock Exchange.
Andri HõbemägiNordecon ASHead of Investor
RelationsTel: +372 6272 022E-mail:
andri.hobemagi@nordecon.comwww.nordecon.com
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