All news

  • Merko Ehitus revenue and net profit up for both Q2 and H1

    Q2 revenue for Merko Ehitus was EUR 86 million and net profit was EUR 6.4 million. The revenue for H1 grew by 12% to EUR 146 million and net profit by 19% to EUR 9.8 million. This year, Merko has sold 150 apartments and launched the construction of more than 800 apartments. “The construction sector …

  • The Nordic Hotel Forum opens to visitors in August

    Nordic Hotel Forum, a four-star hotel in the city centre of Tallinn, has made an investment in the amount of 12.5 million euros. Kapitel, the owner of the building and Nordic Hotels, the operator of the hotel commissioned Merko to renovate the entire building and make it the most corona-proof hotel in the country. According …

  • Third phase of the Erminurme development launched

    Along with the three buildings being erected on the boundary of Tartu municipality and city, the next trio of buildings – the third phase – is now going ahead. The homes in Erminurme (merko.ee/erminurme) are located near a museum considered to be Europe’s biggest  and most modern, the Estonian National Museum and the adjacent Raadi …

  • Electrical construction business has joined Connecto

    Pursuant to the agreement entered into at the beginning of June, Merko Ehitus Eesti AS acquired a stake in the company Connecto Eesti AS – the designer, builder and provider of maintenance for telecommunications, electricity, and gas networks. The permission of the Estonian Competition Authority required for the transaction to enter into force has been …

  • Tallink City Hotel underwent nearly 10 million euros worth of renovations

    Renovations of the Tallink City Hotel, located in the heart of Tallinn, included a thorough  facelift of all of the 324 rooms in the hotel, the lobby, the restaurant, the conference centre and other public areas. The owner of the hotel building, VARA HTG, owned in equal parts by Infortar and Kapitel, invested almost 10 million euros …

  • Recognition for construction of the Jäneda substation

    Winner of the Elektrilevi Construction Object of the Year 2020 competition, in the category of regional and distribution substations, is the Jäneda substation. A completely new substation was built in Jäneda within the framework of the winning work, in which both Elering’s 110 kV part and Elektrilevi’s 10 kV part were completed. Elering ordered the …

  • We are entering the telecommunications and gas network business

    AS Merko Ehitus Eesti is investing in the business of designing, building and maintaining telecommunications, electricity and gas networks, and is acquiring a 35% stake in Connecto Eesti AS. As part of the transaction, our electrical construction business line will merge with Connecto and work will continue under the Connecto brand. Thus far, Merko has …

  • Construction begins on second phase of south-eastern border infrastructure

    Today, 25 May, the Police and Border Guard Board concluded a contract with AS Merko Ehitus Eesti and GRK Infra AS, which will begin carrying out the design and construction of the second stage of the south-eastern border infrastructure together. Construction on sections 4–6 of the south-eastern border of the Republic of Estonia include the …

  • New apartment buildings in the City Centre District – Odra

    We are launching the Odra development project in the City Centre District of Tallinn, within the framework of which a three-part building complex – with a total of 114 new homes and seven commercial premises – will be completed at the beginning of 2023. The Odra development project (merko.ee/odra) is located on the corner of …