Launch of the second phase of the Kivimäe Süda residential development (Tallinn, Estonia)
August 01 2022 - 2:00AM
Launch of the second phase of the Kivimäe Süda residential
development (Tallinn, Estonia)
Nordecon AS has launched the second phase of the
Kivimäe Süda residential development located in the Nõmme district
of Tallinn, in the course of which the building at Kivimäe 27 will
be reconstructed and converted into an apartment building.
12 apartments are planned for Kivimäe Süda
residential building (https://www.kivimaesuda.ee/). The apartments
are 3-5 rooms, 95-160 sqm in size. All apartments have a balcony
and/or terrace, the larger apartments located in the wings of the
building with an arch motif are spread over two floors. Kivimäe 27
house is located on a wooded plot of over 7,000 sqm.
The architect of the building with functionalist
look built in the 1930s was Alfred Kehva, and the building has
fulfilled a number of roles over the years. Initially, a military
sanatorium operated in the building, later a telephone exchange.
The architect of the Kivimäe Süda reconstruction project is Ats
Buddell (ARS Projekt).
In the first phase of the Kivimäe Süda
development project, in 2020-2021, Nordecon developed 10 private
plots of 1500-2100 sqm with the new street network (Sininuku
and Laanelille streets) and communications.
The planned completion date of the apartments is
the end of 2023, and by then the entire Kivimäe Süda development
project will be completed.
Nordecon (www.nordecon.com) 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, Finland, Ukraine and Sweden. The parent of the Group is
Nordecon AS, a company registered and located in Tallinn, Estonia.
The consolidated revenue of the Group in 2021 was 289 million
euros. Currently Nordecon Group employs close to 660 people. Since
18 May 2006 the company's shares have been quoted in the main list
of the Nasdaq Tallinn Stock Exchange.
Andri HõbemägiNordecon ASHead of Investor
RelationsTel: +372 6272 022E-mail: andri.hobemagi@nordecon.com
www.nordecon.com
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