AS Nordecon group company Tariston AS and Estonian Transport Administration have concluded an agreement for the construction of 2+1 passing lanes for the Neanurme–Pikknurme section in Jõgeva county on kilometres 135.5–141.9 of the National Road 2 (E263), also known as…
AS Nordecon group company Embach Ehitus OÜ and Centre of Defence Investments entered into a contract for the design and construction of an administrative building in the Raadi campus located Raatuse 10, Tartu. The planned three storey building has closed…
MANAGEMENT REPORT CEO summary 2022 has been a year to remember for AS Pro Kapital Grupp. The Estonian Chamber of Commerce awarded us the price as the most competitive real estate company in Estonia. The Competitiveness Ranking is a part…
The main business activity of Trigon Property Development AS is real estate development. As at 31.12.2022, AS Trigon Property Development owned one development project with an area of 12.8 hectares in the City of Pärnu, Estonia. A commercial, industrial and…
GROUP CEO’S REVIEW Looking back on the real estate market of the previous quarter, the only word to describe it is “expectant”. Buyers seem to expect for sales prices of real estate to drop and sellers for the increase of…
The unaudited results of Mainor Ülemiste indicate record numbers in the turnover and profit of 2022. The company’s turnover was 16.2 million euros, which is 24% higher than in 2021, and the net profit was 30.4 million euros, that is…
From 2020 to November 2022, Nele Sumberg worked as the CFO of Liven AS, a real estate development company. In 2014, she started as the Financial Manager of Ülemiste Center OÜ, an operating company of Ülemiste Center. In 2012-2014 Nele…
Nordecon Betoon OÜ (brand name NOBE), a Nordecon Group company entered into a contract with Harju Elekter AS for the construction of office and production facilities at Angerja road, Hüüru. The value of the contract is 3.6 million euros plus…
AS Nordecon group company Embach Ehitus OÜ and Kaarsilla Kinnisvara OÜ signed a contract for the construction of a building complex in the Port Athena quarter at Tartu, Väike-Turu 7. The planned group of buildings consists of four six-story and…
NOBE (corporate name Nordecon Betoon OÜ), a Nordecon group company, and Verston OÜ as joint bidders entered into a general contract with Tootsi Windpark OÜ and Enefit Wind Purtse AS, Enefit Green group companies for the design and construction of…
AS Nordecon group company Embach Ehitus OÜ and Riigi Kinnisvara Aktsiaselts (State Real Estate Ltd) signed a contract for the construction of the Viljandi Rescue Station building located at Metsküla road 1, Viljandi. The cost of the contract with reserve…
In connection with the expiry of the term of office of Arco Vara AS’s Management Board member Miko-Ove Niinemäe on 30 April 2023, the Supervisory Board of Arco Vara AS has decided to extend the term of office of Miko-Ove…
AS Nordecon group company Tariston AS and OÜ Rail Baltic Estonia signed a contract for the construction of the Tagadi ecoduct on the Rail Baltica route in Harju county. The cost of the contract is 5.3 million euros plus value…
At the start of 2023, the current head of development of Arco Vara AS Tiit Nõu is leaving his position. The tasks of the head of development are redistributed to other positions in the course of restructuring. The tasks of…
MANAGEMENT REPORT CEO summary The third quarter of 2022 continued the trend we have seen in Q2, with a strong demand for real estate assets in the Baltic countries (particularly Estonia and Lithuania). The market still seems resilient, despite the…
