Launch of the Seiler Quarter residential development (Pärnu, Estonia)
August 23 2022 - 2:00AM
Launch of the Seiler Quarter residential development (Pärnu,
Estonia)
Nordecon AS has started the Seiler Quarter
development project located at Rääma 7 in Pärnu, in the course of
which a complete residential area with ten modern apartment
buildings will be built right on the riverbank in the heart of
Pärnu.
Seiler Quarter (https://www.seileri.ee/en) has
been designed by 3+1 architects. A total of 133 apartments are
planned in the buildings with plenty of west- and south-facing
terraces and balconies. The apartments are one to five room,
ranging in size from 23-110 sqm. Commercial premises are planned
for the 1st floor of some buildings. Parking is arranged at ground
level under the buildings. Functional landscaping is planned
between the apartment buildings, where there are recreation areas
and a playground.
Rääma 7 is located in the center of the city of
Pärnu, on the bank of the Pärnu river, in the immediate vicinity of
the Tallinn highway and the Kesklinna bridge. The Jaanson health
trail runs on the river side of Seiler Quarter.
The Seiler Quarter residential area is being
built on the former territory of Pärnu Machine Factory. Two men
were behind the founding of the factory in the early 20th century:
Reinhold Stryck and Martin Seiler. The new quarter has been named
in honour of the latter.
Nordecon AS plans to start the construction of
the first stage of Seiler Quarter in winter of 2022.
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 670 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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