Latvia

  • Construction volumes’ growth of Merko Ehitus in Q1 of 2018 on par with expectations

    Sales revenue of Merko Ehitus in Q1 of 2018 grew to EUR 80.3 million, bolstered by the pre-existing portfolio of construction contracts. The group’s net profit was EUR 1.1 million. In the first quarter, Merko companies signed new construction contracts worth EUR 22 million and the secured order book stood at EUR 292 million. “Considering …

  • “Skanstes Parks” and “Relais le Chevalier” receive the highest awards in the competition “The Best Building of a Year in Latvia 2017”

    In the competition “The Best Building of a Year in Latvia 2017” buildings of the 2nd stage in project “Skanstes Parks” gave received the 1st place in category “New Residential Building”, while hotel “Relais le Chevalier” in Kaļku Street 20 got the 3rd place in the category “Reconstruction”. “Every new, challenging building provides for the …

  • First three buildings of “Gaiļezera nami” have been commissioned for operation

    First three nine-storey buildings of the project “Gaiļezera nami”, accommodating 95 apartments in total and developed by the construction company “Merks”, have been commissioned for operation. The project includes 2-4 room apartments with the area ranging from 60-100m²; the total area occupies 5,996 m². Facilitated territory spreads over 7,766 m², featuring children playgrounds, pathway along …

  • A partner who wins the right to drive Toyota Hilux has been found out

    The construction company “Merks” highly appreciates the work quality of its business partners. In order to acknowledge their professionalism, every quarter of the year “Merks” chose the best co-operation partners, which took part in the lottery to win the use of the car Toyota Hilux or Toyota Proace for two years. “The criteria that were …

  • The construction of Decco Centrs has been completed

    The construction of the first and largest stage of “Decco Centrs” complex is now completed. The complex is located at Katlakalna street 6d in Riga, and the main design and construction work was carried out by “Merks”, Ltd. The complex of buildings, which combines department stores with individual entrances, offices and warehouses, covers 13,500 square …

  • Merko Ehitus Q3 and 9-month revenue up by one-quarter

    Merko Ehitus’s revenue for both Q3 of 2017 and the first 9 months of the year grew by close to one-quarter – Q3 revenue was EUR 86 million and 9-month revenue was EUR 214.8 million. The group’s net profit in Q3 was EUR 3.4 million and the 9-month figure was EUR 6.6 million. During the …

  • The new Skanstes PARKS apartment project in Riga has been completed

    Having built 130 new units in three apartment buildings, Merks has completed its work on the Skanstes Parks residential project. The territory has a well-equipped public park with an area of ​​21,000 m², playgrounds and underground parking. The project was launched in 2015 and began with the construction of an apartment building at Grostonas 12, …

  • Latvian project manager receives the construction industry’s Grand Prix

    Sergejs Periņecs, Project Manager of Merks construction company, has been awarded the Project Manager of the Year title at the Grand Prix in the Construction Industry ceremony. Sergejs also merited special awards for professional cooperation from Bauroc LLC, Knauf LLC and Doka Latvija LLC. With his expertise and experience, Sergejs has managed to achieve what …