AS Pro Kapital Grupp (hereinafter referred to as the Company) is requesting the approval from the holders of the Company’s outstanding bonds listed on Nasdaq Stockholm in order to make certain amendments to the terms and conditions. The Company is…
Nordecon AS and SA Kunstihoone entered into a contract for the renovation of Tallinn Art Hall building, located at Vabaduse väljak 6/8. The total cost of the contract is 7.99 million euros excluding VAT, and the works will be completed…
Liven AS has harmonised the articles of associations of the group’s subsidiaries registered in Estonia and supplemented them, where necessary, with the right to establish a voluntary reserve. Among others, the amendment concerns the following subsidiaries that are considered significant…
On December 17, 2024, Hepsor AS signed a sales agreement for shares and assignment of claims agreement of Hotell L4 OÜ with the Pihlamaa AS. The debt-free value of the company agreed upon in the transaction is 2.9 million euros,…
The subsidiary of Aktsiaselts Infortar, INF Mustakivi OÜ, along with OÜ T-Bumani and Depo DIY EE OÜ, signed a construction agreement and a property lease agreement for the development of a Depo (DIY Store) in Lasnamäe. As part of the…
Today, 21.11.2024, EfTEN Paemurru OÜ OÜ finalized the transaction by which the company acquired the property located on Paemurru tee 3, Laabi village, Harju County, Harku Municipality, near Tallinn. Previously (30.09.2024), the fund has notified the stock exchange of…
AS Nordecon group company Embach Ehitus OÜ and Lidl Eesti OÜ signed a contract for the construction of a Lidl store located at Riia 1, Viljandi. The total value of the contract is 4.81 million euros without VAT and 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…
Nordecon AS and Eesti Rahvusringhääling (Estonian Public Broadcasting) entered into a contract for the construction of the new TV house in Tallinn, located at F.R. Kreutzwaldi tn 14 / Gonsiori tn 21. The new television building is a multifunctional structure…
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…