Construction contract (Park Rae first building)

Group 1 - Nordecon AS has signed a contract with East Capital Park Rae OÜ for the construction of the first building and outdoor areas of the Park Rae logistics and light industrial park in Rae municipality, with a contract value of €15.8 million plus VAT and a completion timeline of 13 months [1] - Nordecon Group operates in the construction project management and general contracting sectors, focusing on buildings and infrastructures, with operations in Estonia, Ukraine, and Sweden [2] - The consolidated revenue of Nordecon Group for 2024 is projected to be €224 million, and the company currently employs approximately 425 people [2]