Construction Contract (Kaldapesa Kodud, Kalda Tee 57)

(MENAFN- GlobeNewsWire - Nasdaq) AS Nordecon group company Embach Ehitus OÜ and Kaarsilla Kinnisvara OÜ have entered into a contract for the construction of an apartment building at Kalda tee 57 in Tartu, forming part of the Kaldapesa kodud residential development. The contract value is EUR 2.8 million, excluding VAT. The works are scheduled for completion in October 2027.

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 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 2025 was 208 million euros. Currently Nordecon Group employs 450 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: ...

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