Construction contract (Novamaja office and apartment houses)

Nordecon AS signed a contract with Invego Group for the construction Works of two apartment houses with office spaces, located at Kopli 4a and 6, Tallinn. The total space of the houses called Novamaja – one six- and one five-storey – will be 3,600 sqm and they will accommodate 42 apartments.

The value of the works is 5.4 million euros, including VAT. The construction works will be completed in March 2017.

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, Finland and since 2016 in 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 unaudited 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.

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