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…
On 17 August 2022, Merko Bygg AS, part of AS Merko Ehitus group, and Holmenveien 37 AS, part of Pecunia AS group, entered into a contract for the construction three detached houses at Holmenveien 37 in Oslo. The contract value…
MANAGEMENT REPORT CEO summary The second quarter of 2022 continued the trend we have seen in Q1, with a strong demand for real estate assets in the Baltic countries (particularly Estonia and Lithuania). Our available inventory is mainly sold, but…
AS Nordecon group company Nordecon Betoon OÜ (brand name NOBE), Connecto Eesti AS and Verston Ehitus OÜ as joint bidders entered into contract with Tuulepealne Maa OÜ, an Utilitas energy group company for construction of a windfarm in Saarde, Estonia.…
Tallinn Urban Environment and Public Works Department has informed that the public procurement “Reconstruction of Vana-Kalamaja street” (reference number 245920) preferred bidder is announced to be Tallinna Teede AS, part of AS Merko Ehitus group, with a value of 7.8…
Nordecon Betoon OÜ (brand name NOBE), a Nordecon Group company entered into a contract with OÜ Kastanikodud for the construction of apartment houses located Kastani road 2 // 4 // 6 // 8 // 10 // Lepa road 3 //…
Nordecon AS has launched the second phase of the Kivimäe Süda residential development located in the Nõmme district of Tallinn, in the course of which the building at Kivimäe 27 will be reconstructed and converted into an apartment building. 12…
Due to procurator Avo Ambur leaving Nordecon AS as of 31 July 2022, the supervisory board of Nordecon AS decided to terminate the proxy. Nordecon (www.nordecon.com) is a group of construction companies whose core business is construction project management and…
GROUP CEO’S REVIEW In the second quarter, we reached the moment every real estate developer is waiting for once again, being able to commence the handover of completed homes to our clients in Kodulahe Kvartal, the sales revenue of 41…
