OREANDA-NEWS. Nordecon AS and Pirita Apartments OЬ signed a contract for the construction of an apartment building situated on Pirita St. 26, Tallinn. The building has nine floors with 73 apartments and two underground basement floors have room for 101 parking spaces. The closed net area of the building is approximately 10,810 square meters.

The value of the contract is approximately 10 million euros (excluding VAT). Construction work will begin in June 2013 and is expected to be completed in November 2014.

Nordecon is a group of construction companies whose core business is construction project management and general contracting in the buildings and infrastructures segment. Geographically the Group operates in Estonia, Ukraine and Finland. The parent of the Group is Nordecon AS, a company registered and located in Tallinn, Estonia. In addition to the parent company, there are more than 10 subsidiaries in the Group. The consolidated revenue of the Group in 2012 was 159.4 million euros. Currently Nordecon Group employs more than 700 people. Since 18 May 2006 the company's shares have been quoted in the main list of the NASDAQ OMX Tallinn Stock Exchange.