MANAGEMENT REPORT Real Estate Development Tallinn During the fourth quarter of 2025 we completed the construction of the white building in our Uus- Kindrali project, located in Kristiine City, Tallinn. Client inspections and the signing of real rights agreements commenced…
The Supervisory Board of Arco Vara has appointed Rait Riim as the new CEO of Arco Vara AS. According to the decision of the Supervisory Board, Rait Riim’s authority will take effect on April 1, 2026 and will be valid…
Nordecon AS and AS Tallinna Vesi have signed a contract for the construction of an additional building and infrastructure at the Ülemiste Water Treatment Plant site in Tallinn. The total contract value is 11.8 million euros, plus VAT, and the…
The main business activity of Trigon Property Development AS is real estate development. As at 31.12.2025, AS Trigon Property Development owned one development project with an area of 13.2 hectares in the City of Pärnu, Estonia. A commercial, industrial and…
By a resolution of the shareholders of Embach Ehitus OÜ, a 51%‑owned subsidiary of Nordecon AS, Ahto Aruväli has been appointed as a new member of the management board and will assume responsibility for leading Embach Ehitus OÜ’s North Estonia…
Nordecon AS and the Tallinn Property Department have signed a contract for the construction of a new school building for Helen’s School, which serves children with special needs, in the Põhja‑Tallinn district. The total contract value is 12.6 million euros,…
Bonds Volta SKAI bonds are a secured bond programme of 30 million euros to finance the Volta SKAI development. In the second half of 2025, the first two series of the programme were carried out, with the total volume of…
EfTEN United Property Fund earned a net profit of 223 thousand euros in January (the same period last year: 408 thousand euros). Decrease in profit was primarily related to the investment in EfTEN Real Estate Fund AS shares, which share…
Nordecon AS and East Capital Park Rae OÜ have signed a contract for the construction of the first building and the related outdoor areas of the logistics and light industrial park Park Rae, planned in Rae municipality, located at Pähklimäe…
As of 1 February 2026, Kadri Koplimäe will return to the position of Chief Financial Officer of Endover OÜ, taking over the role from Tiina Malm, who joined the company last year. According to Endover’s CEO Roul Tutt, the decision…
Kristina Mustonen, Member of the Management Board and Chief Executive Officer at Arco Vara AS has submitted her resignation from the positions of Member of the Management Board and Chief Executive Officer on her own initiative. According to Kert Keskpaik,…
Arco Vara AS announces a change in the structure of shareholders holding a significant shareholding. On 14 January 2026, Peeda OÜ notified Arco Vara AS that it has acquired 1,215,000 shares of Arco Vara AS, corresponding to 7.0% of the…
Nordecon AS and its subsidiary Embach Ehitus OÜ as joint bidders and Riigi Kinnisvara AS have signed a contract following the alliance procurement model for the design and construction works of the Võru special training infrastructure. The estimated total cost…
With the 09.08.2021 stock exchange announcement, AS Merko Ehitus disclosed information concerning the decision of the Latvian Competition Council according to which the group’s then subsidiary SIA Merks is considered one of the nine companies involved in the prohibited cooperation…
The main business activity of Trigon Property Development AS is real estate development. As at 30.09.2025, AS Trigon Property Development owned one development project with an area of 13.2 hectares in the City of Pärnu, Estonia. A commercial, industrial and…
