• Renovation of Nordic Hotel Forum set to begin

    Today, 24 September, we signed a construction contract for the renovation of a city centre hotel on Viru Square. The building, built by Merko in 2007, belongs to Kapitel Group-owned OÜ Veeilu and the hotel is operated by Nordic Hotels. It will re-open in spring 2021.All 267 hotel rooms and common areas will be refitted and the …


  • Merko Ehitus Q2 net profit grows to EUR 6.2 million

    In Q2 of 2020, Merko Ehitus posted revenue of EUR 74 million and a net profit of EUR 6.2 million. The respective six month figures were EUR 130 million and EUR 8.2 million. In 6 months of 2020, Merko sold 369 apartments, and the 6-month revenue generated by the real estate development segment grew more …


  • Construction of centre of excellence in cancer care starts

    Today, on 10 July, we entered into a design-build contract with the North Estonia Medical Centre for the establishment of the third development phase of the Mustamäe medical complex. Over the next three years, the approximately 14,500 m2 Y-block of the Mustamäe hospital complex will be built, which will house a cancer care centre that …


  • Merks will build the modern business centre VERDE in Riga

    Merks has entered into a contract with SIA Hanzas 14, owned by Capitalica Baltic Real Estate Fund I, for the construction of business complex Verde in Skanste district, Riga. Verde business centre is to become one of the largest business centres in Riga with the total area of 45,000 m2, including the underground parking lot. …


  • Merks will build the modern business centre VERDE in Riga

    Merks has entered into a contract with SIA Hanzas 14, owned by Capitalica Baltic Real Estate Fund I, for the construction of business complex Verde in Skanste district, Riga. Verde business centre is to become one of the largest business centres in Riga with the total area of 45,000 m2, including the underground parking lot. …


  • Acclaim for Merko’s electrical engineers

    The title of the best Elektrilevi construction site in 2019 in the category of regional construction sites and distribution substations went to the establishment of the Kiini 110/20 kV substation. Thanks to Elektrilevi, and also to Merko’s electrical works department, the project manager Steve Sulev and his team. Kiini substation is small yet very important …


  • New contract – first stage of the infrastructure on the south-eastern border

    Today, on 12 May, the Police and Border Guard Board and the two contractors that will share the duties of performing the work, AS Merko Ehitus Eesti and AS GRK Infra, signed a contract for engineering and construction of the first stage of the infrastructure on the south-eastern border. At the signing, the director general …