Nordecon’s sales revenue increased by approximately 26% in 2020 compared to the previous year, and this is the largest turnover of the Nordecon Group ever. The volume growth was based on contracts concluded in record volumes in 2019. The construction…
AS Merko Ehitus Eesti, part of AS Merko Ehitus group, has decided to launch the second stage of Erminurme residential development project in Tartu Parish. The stage includes two buildings at Erminurme Road 12 and 16 with 37 apartments, which…
Construction contract in Estonia (below grade construction works of Liivalaia business and residential complex, Tallinn) On 8 February 2021, AS Merko Ehitus Eesti, part of AS Merko Ehitus group, and OÜ Tiigiveski Arendus, part of AS Kapitel group, have entered…
AS Pro Kapital Grupp (“Pro Kapital”) has issued EUR 9,685,426.80 unsecured, callable, fixed rate non-convertible bonds EUR 8.00 PRO KAPITAL GRUPP VÕLAKIRI 20-2024 with ISIN EE3300001676 (herein Bonds) with maturity on 31 October 2024. Pro Kapital announces that it will publish a listing prospectus in respect…
Kodusadam OÜ, a joint venture of AS Merko Ehitus Eesti and AS BLRT Grupp, has decided to launch a new real estate development project (merko.ee/vesilennuki) in Noblessner seafront quarter, which comprises in total of five residential buildings with 161 apartments…
AS Merko Ehitus Eesti, part of AS Merko Ehitus group, has decided to launch the Nõmme 328 residential development project in Tallinn. The building with 38 apartments and 6 commercial spaces will be completed in summer of 2022. The Nõmme…
Nordecon AS informs that as the Estonian Competition Authority has issued respective approval (issue date 28 December 2020), the sale of holding in related company OÜ Pigipada (announcement) was completed on 30 December 2020.
AS Pro Kapital Grupp (hereinafter Pro Kapital) informs that the third subscription period of the private placement of nonconvertible bonds (hereinafter the “Bonds”), which was announced on 22 May 2020, has ended on 13 December 2020. The Management Board has…
Nordecon AS group company AS Tariston concluded with OÜ Tõrvatilk on 08 December 2020 an agreement to sell its 49% shareholding in a related company OÜ Pigipada. The purpose of the sale is to resolve the ownership of the aforementioned…
AS Pro Kapital Grupp informs that it has prolonged the redemption date of 24 500 “Pro Kapital Grupp convertible bond PKG5 29.11.2014” (in the registry under EEK 7.00 PRO KAPITAL GRUPP VAHETUSVÕLAKIRI PKG5 10-2020, hereinafter referred to as Convertible Bonds…
In the third quarter of 2020, Estonian economy dropped by 1.9% y/y in real terms (seasonally and working day non-adjusted). Seasonally and working day adjusted GDP rose by 3.3% q/q. The result was close to our expectations. In the first…
EfTEN SPV19 OÜ, a subsidiary of EfTEN Real Estate Fund III AS, signed a contract under the law of obligations to acquire a property located at Hunditubaka tee 12 / Karukella tee 5 in Tallinn from OÜ Arca Varahaldus. By…
AS Pro Kapital Grupp (hereinafter Pro Kapital) informs that the subscription period of the private placement of nonconvertible bonds (hereinafter the “Bonds”), which was announced on 22 May 2020, has ended on 13 November 2020. The Management Board has decided…
The unemployment rate increased in the third quarter in Estonia and is expected to rise further during the winter months. According to Statistics Estonia, employment fell by 3.6% in the third quarter, over the year, mostly in the services’ sector,…
Compared to the same period last year, the 9 month results of the Group in 2020 are characterised by an increase in sales revenue and operating profit, which was achieved in the context of a slight decline in gross profitability…
