Nordecon Betoon, a company belonging to the Nordecon group, has recently signed two new construction contracts worth over 58 million euros. The announcement was made on the stock exchange, and it has led to a rise in Nordecon’s shares.
One of the contracts was signed with Nordecon Concrete and real estate developer Invego. This contract involves the design and construction of a commercial and residential building located at Kopli 68a in Tallinn. This project is the second phase of the business block development.
The total value of the contract is close to 51 million euros, excluding VAT, and the construction works are expected to be completed by February 2025.
This news highlights Nordecon’s continued success in securing significant construction projects and further establishes their position in the industry. The company’s partnership with Invego demonstrates their ability to collaborate with reputable real estate developers.
The signing of these contracts has also had a positive impact on Nordecon’s stock performance, with shares experiencing a rise in value. This indicates investor confidence in the company’s capabilities and future prospects.
Overall, Nordecon’s recent construction contracts and the subsequent increase in share value reflect their strong presence in the market and their ability to secure high-value projects.
How has securing two new contracts worth over 58 million euros impacted Nordecon Betoon’s position in the construction industry?
Nordecon Betoon, a company belonging to the Nordecon group, has recently made significant strides in the construction industry by securing two new contracts worth over 58 million euros. This exciting announcement was publicly made on the stock exchange platform, leading to a rise in Nordecon’s shares.
One of the newly signed contracts is with Nordecon Concrete, a group company operating under the Nordecon umbrella, and the renowned real estate developer Invego. This particular contract entails the design and construction of a combined commercial and residential building situated at Kopli 68a in Tallinn. It is worth noting that this development is the second phase of the ongoing business block project.
The total value of the contract is approximately 51 million euros, excluding VAT, and it is anticipated that the construction works will reach completion by February 2025.
This recent achievement by Nordecon Betoon exemplifies the company’s continued success in securing significant construction projects, further solidifying their position within the industry. The collaboration with Invego serves as a testament to Nordecon’s ability to work alongside reputable real estate developers, emphasizing their strong reputation and credibility.
The positive impact of these contract signings is also reflected in Nordecon’s stock performance. With shares experiencing a rise in value, this demonstrates the confidence investors have in the company’s capabilities and future prospects.
As a whole, Nordecon’s recent acquisition of these construction contracts, coupled with the subsequent increase in share value, serves to highlight their robust presence in the market and their adeptness in securing high-value projects. This establishes Nordecon as a key player in the construction industry, positioning them for continued success and growth in the future.
