Baltic States – CIS, Construction, Estonia, Good for Business, Real Estate, Technology

"We have entered into a contract for the construction of an office building at the Unit City technology park in the Shevchenkivskyi district of Kiev," Priit Luman, member of the management board of Nordecon, said in a statement to the stock exchange.

"Nordecon is set to build an office building at 8 Simii Khokhlovykh, which will be a seven-story office building and will meet the requirements of the LEED gold certificate. This means that the building will meet strict requirements regarding environmental sustainability, energy use, and indoor climate," he said.

"The building will have a total surface area of 6,185 square meters. Nordecon has previously built a LEED gold certificate office building in Ulemiste City in Tallinn and is building another 13-story building meeting the same requirements in the same complex," Luman said.

"Unit City's ambition is to create something similar to the campuses of Google, Apple, and Silicon Valley – the first innovation campus in Kiev will be built on 25 hectares and it will bring together innovative enterprises, startup companies and public authorities. I am happy that the developer has chosen Nordecon's subsidiary in Ukraine as their partner in this major project," he said.

The core business of Nordecon is construction project management and general contracting in the buildings and infrastructures segment. Geographically the group operates in Estonia, Ukraine, Finland and Sweden. The consolidated revenue of the group in 2016 was 183 million euros. The group employs approximately 740 people.