Hepsor’s consolidated revenue for the first nine months of 2023 amounted to 36 million euros, with a net profit of 4.8 million euros (including a share of 2.3 million euros for the parent company). In the third quarter of 2023,…
Nordecon AS and Estonian Centre for Defence Investments have signed a contract for the design and construction of storage facilities in Ida-Virumaa. The total cost of the contract is approximately 9.7 million euros including VAT, and the works will be…
The tender of Nordecon AS was declared successful in the public procurement for construction of Loodusmaja (Environment Building). Nordecon and Riigi Kinnisvara AS can conclude a contract after expiration of 14-day contestation period. The value of Nordecon’s offer is 54.3…
AS Nordecon group company Embach Ehitus OÜ and Riigi Kinnisvara AS (State Real Estate Ltd) signed a contract for the construction of the joint building of the Police and Border Guard Board and Rescue Board in Kilingi-Nõmme. The premises of…
Nordecon AS group company Eurocon Ukraine LLC and NPS Ukrenergo have signed contracts for the reconstruction of substations with installation of physical protections in Poltava, Zhytomyr, Volyn and Ivano-Frankivsk regions. The total cost of contracts is 276.6 million Ukrainan hryvnias…
Nordecon AS and Centre of defence investments have signed a contract for the design and construction of storage area in Ämari. The total cost of the contract is approximately 4.9 million euros including VAT, and the works will be completed…
Three ISO certificates were issued to Arco Vara’s construction subsidiary Arco Tarc OÜ: the company’s management systems comply with international standards in terms of quality (ISO 9001), environment (ISO 14001) and occupational health (ISO 45001). Lauri Männiste, the board member…
On 30 August 2023, AS Pro Kapital Grupp (hereinafter referred to as the Company) announced that it had instructed Nordic Trustee & Agency AB (publ) (hereinafter referred to as the Agent) to initiate a written procedure under the Company’s outstanding…
AS Nordecon group company Nordecon Betoon OÜ (brand name NOBE) and Tulevara OÜ signed a contract for the construction of SAMI Masinakeskuse AVANT CENTER to be built at Segu 1, Saue. Total gross area of the building complex is approximately…
Hepsor P113 OÜ, an affiliate of Hepsor AS with a 45% shareholding, terminated the lease agreement with Novel Clinic Assets OÜ. Hepsor P113 OÜ owns a commercial building with a leasable area of ca 4,000 m2 in Tallinn, at Pärnu…
AS Pro Kapital Grupp (hereinafter referred to as the Company) is requesting the approval from the bondholders of the Company’s outstanding bonds listed Nasdaq Stockholm in order to enable a partial early redemption of the Company’s outstanding bonds listed on…
The main business activity of Trigon Property Development AS is real estate development. As at 30.06.2023, AS Trigon Property Development owned one development project with an area of 12.8 hectares in the City of Pärnu, Estonia. A commercial, industrial and…
On 25.08.2023, Hepsor Latvia OÜ, a subsidiary of Hepsor AS, signed a share purchase agreement, which will acquire 50% of the shares of SIA “Riga Properties 4”. SIA “Riga Properties 4” has signed a purchase agreements for the purchase of…
Nordecon AS and Centre of defence investments have signed contracts for the design and construction of storage facilities in Luunja and Nõo parish. The necessary road network with communications will also be built during the project. The total cost of…
MANAGEMENT REPORT CEO summary Q2 2023 marks as a continuation of the newly started developments of AS Pro Kapital Grupp. Real estate development In Tallinn, the decision taken earlier in the year on starting the construction and sales of Kalaranna…