Construction contract (WOHO 2 office and apartment building) – GlobeNewswire (press release)

May 02, 2017 00:00 ET | Source: Nordecon

multilang-release

A consortium of Nordecon Betoon O (brand name NOBE), a Nordecon Group company, and Mapri Ehitus O entered into a contract with Ekerepol O for the design and construction of a 14 storey office and apartment building in WoHo quarter located Mustame tee 3, Tallinn. This building with 12,618 m gross space will have one underground floor and 14 floors above ground. WOHO 2 will be a multifunctional building with office and commercial spaces on floors 1 to 7, offices and guest apartments on floors 8 to 9 and apartments on floors 10 to 14.

The value of the contract is close to 11.7 million euros plus value added tax. The construction works will be completed in autumn 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 2016 was 183 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 Tallinn Stock Exchange.

Andri Hbemgi Nordecon AS Head of Investor Relations Tel: +372 6272 022 E-mail: andri.hobemagi@nordecon.com http://www.nordecon.com

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Construction contract (WOHO 2 office and apartment building) - GlobeNewswire (press release)