At a meeting of the Supervisory Board of Nordecon AS held on 6 November 2024, it was decided that as of 1 January 2025, Priit Luman will be recalled from his position as a member of the Management Board, and…
COMMENTARY FROM MANAGEMENT Merko Ehitus revenue for the 9 months of 2024 was EUR 379 million and net profit was EUR 44.8 million. Third-quarter revenue was EUR 175 million; net profit EUR 27.3 million. Sales of construction services made up…
On 17.10.2024, EfTEN Härgmäe OÜ finalized the transaction by which the company acquired the properties located at Härgmäe Str. 8 and Piimamehe Str. 7 in Tallinn from the Conus Assets OÜ. Previously (20.09.2024), the fund has notified the stock exchange…
Riigi Kinnisvara AS has made a decision today regarding the public procurement for “Construction works of the new Estonian Public Broadcasting TV Building,” declaring the bid submitted by Nordecon AS, with a value of 40.1 million euros (including reserve, excluding…
On 27.09.2024 EfTEN Paemurru OÜ, a subsidiary of the EfTEN Real Estate Fund AS, signed a contract under law of obligation with Teearu Arenduse OÜ, a member of the RESTATE group, for the acquisition of a property located on Paemurru…
EfTEN Härgmäe OÜ, a 100% subsidiary of EfTEN Real Estate Fund AS, signed on 19.09.2024 a contract under the law of obligations with Conus Assets OÜ for the acquisition of properties located at Härgmäe st 8 and Piimamehe st 7…
Nordecon AS, together with its subsidiary Eurocon Ukraine TOV as joint bidders, and the Estonian Centre for International Development (ESTDEV) have signed a construction contract for the reconstruction of a building into an apartment complex for internally displaced persons in…
EfTEN Tähesaju tee OÜ finalized the transaction by which the company sold the property located at Tähesaju 5 in the Tähesaju retail park in Lasnamäe, Tallinn to the AS Kinnisvara Info. Earlier, (i.e. 15.08.2024), the fund announced about the sale…
The main business activity of Trigon Property Development AS is real estate development. As at 30.06.2024, AS Trigon Property Development owned one development project with an area of 14.2 hectares in the City of Pärnu, Estonia. A commercial, industrial and…
On 19 August 2024, Liven AS (the Company), as the sole owner of the subsidiaries Liven Kodu 16 OÜ (Iseära development project in the village of Harkujärve) and Liven Kodu 21 OÜ (Virmalise 3 development project), decided to appoint the…
Nordecon AS and its subsidiary Embach Ehitus OÜ as joint bidders and Loodusspaahotell OÜ have signed a general construction contract for the construction of the Uusküla spa hotel in Alutaguse municipality. The nature spa hotel, designed to blend into the…
MANAGEMENT REPORT Real Estate Development In 2024, we are continuing the construction and sales activities of the last stage of Kalaranna 8, Tallinn. The final stage consists of 4 residential buildings with 146 apartments and 4 commercial units which, upon…
The supervisory board of Liven AS (“the Company”) decided, pursuant to article 2.2 of the articles of association and the resolutions of the general meeting of shareholders of 19.04.2024, to increase the share capital by 14,575.80 euros from 1,185,424.20 euros…
AS Merko Ehitus adjusts the structure of the group with the aim of making the country-based management more effective and strengthening the focus on core activities, i.e. the provision of construction services and real estate development. On 1 August 2024…
The consolidated sales revenue of Hepsor AS amounted to 5.2 million euros in the second quarter of 2024 and the net loss was 0.56 million euros (including a net loss attributable to the owners of the parent of 0.65 million…