#nordecon

Nordecon: Launch of the Seiler Quarter residential development

Nordecon AS has started the Seiler Quarter development project located at Rääma 7 in Pärnu, in the course of which a complete residential area with ten modern apartment buildings will be built right on the riverbank in the heart of Pärnu. Seiler Quarter (https://www.seileri.ee/en) has been designed by 3+1 architects. A total of 133 apartments are planned in the buildings with plenty of west- and…

Due to procurator Avo Ambur leaving Nordecon AS as of 31 July 2022, the supervisory board of Nordecon AS decided to terminate the proxy. 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…

Nordecon: Audited annual report 2021 and profit allocation proposal

The council of Nordecon AS approved on 21 April 2022 the consolidated audited annual report and profit allocation proposal for the year 2021. The council decided to present the annual report and profit allocation proposal as prepared by the management for the approval of the general meeting of shareholders. The net loss attributable to the owners of Nordecon AS for the 2021 financial year amounts…

Nordecon: Construction contract (Old Port D-terminal outdoor space works)

Nordecon AS and AS Tallinna Sadam have entered into an agreement for the design and construction of the outdoor space in front of the Old Port’s D-terminal. Together with the surrounding area, the space that will be transformed is around 5.2 ha and includes the front of the D-terminal, the front of the Lootsi quarter, and the areas connecting the promenade with Reidi Road. According to the…

Nordecon: Construction contract (Mažeikiai Wind Farm turbine basement works)

NOBE (corporate name Nordecon Betoon OÜ), a Nordecon Group company entered into a contract with Nordex Lithuania GmbH for the construction of basements for 14 turbines in Mažeikiai Wind Farm to be installed in Lithuania close to the city Mažeikiai. The agreement includes both concrete and anchoring as well as ground works. The windfarm will have a total installed capacity of 63 MW. Nordex…

Nordecon: Construction contract (Concrete works of Kemi bioproduct mill)

NOBE Rakennus OY, a Nordecon Group company entered into a contract with Metsä Fibre OY for the construction of concrete structures of the Kemi bioproduct mill in Northern Finland. During the works, the foundations and ground plates involving 12,500 cubic meters of concrete for the equipment of the mill section CW-B02 will be built, as well as related ground and pipeline works will be…

Nordecon: Construction contract (Kuuseheki 54 apartment building)

Nordecon AS and Kinnistud S OÜ, an Estmak Capital group company entered into contract for building the Class A energy rating apartment building with 48 apartments at Kuuseheki 54, Saue. The agreement includes performance of design and construction works of the building and utility networks. Extending over three above ground and one underground floors, this four-staircase building will have a…

Nordecon: Audited annual report 2020 and profit allocation proposal

The council of Nordecon AS approved on 28 April 2021 the consolidated audited annual report and profit allocation proposal for the year 2020. The council decided to present the annual report and profit allocation proposal as prepared by the management for the approval of the general meeting of shareholders. Nordecon AS shareholders’ net profit of the 2020 financial year is 2,466 thousand euros.…