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…
AS Nordecon group company Embach Ehitus OÜ and Viljandi Town Government signed a contract for the construction of the Karlsson kindergarten building and territory located at Kesk-Kaare 19 in the city of Viljandi. The cost of the contract is 5.1…
Due to procurator Ando Voogma leaving Nordecon AS as of 30 December 2022, the supervisory board of Nordecon AS decided to terminate the proxy as of the same date. Nordecon (www.nordecon.com) is a group of construction companies whose core business…
rThe consolidated sales revenue of Hepsor for the first nine months of 2022 amounted to 5.6 million euros (including 1.7 million euros in Q3 2022) and the net loss was 0.1 million euros (including a net profit of 0.1 million…
AS Nordecon group company Embach Ehitus OÜ and ICO Park OÜ signed a contract for the construction of the Icosagen AS GMP manufacturing facility located in Eerika tee 1, Õssu village, Kambja municipality. The new manufacturing facility is 1,600 m2…
The headline of an article published October 13, 2022 in the Äripäev newspaper „Merko’s 20-year anticipated grand development buried protected plants”, the headlines referring to the same content on the aripaev.ee website “Destruction of plants brought criminal proceedings against Merko”…
Due to the decrease in public sector investments and changes in funding priorities of infrastructure construction sector, Nordecon AS is reorganising the business activities of the road construction segment in the Group, bringing it under the unified management of the…
Unaudited financial report for the second quarter and 6 months of 2022 The main business activity of Trigon Property Development AS is real estate development. As at 30.06.2022, AS Trigon Property Development owned one development project with an area of…
Nordecon AS and Centre of Defence Investments entered into a contract for the design and construction of storage facilities extension in Harju County. The value of the contract is 17.7 million euros plus value added tax and the works will…
On 31 August 2022, Tallinna Teede AS, part of AS Merko Ehitus group, and Tallinn Urban Environment and Public Works Department entered into a framework agreement covering the performance of maintenance repairs of roads, facilities necessary for the functioning of…
AS Pro Kapital Grupp subsidiary company in Lithuania purchased via auction the Vilnius College building, located in the very centre of the capital city, on Naugarduko street. The acquisition deal, valued at €6.25 million, was completed on August 30th. The…
Public Works Department and AS Tallinna Vesi as co-financer entered into a contract to perform reconstruction works of Vana-Kalamaja street in Tallinn. The works include renewal of the road surface and underground communications. The 1.2-kilometre section under reconstruction starts at…