• 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 …


  • Merko Ehitus posted a profit of two million euros in the first quarter

    In Q1 of 2020, Merko Ehitus posted revenue of EUR 56 million and a net profit of EUR 2.0 million. Construction services made up 62% and real estate development 38% of the group’s revenue. New construction contracts worth EUR 87 million in total were signed, and the volume of the secured orderbook at the end …


  • Business operations in the situation of coronavirus COVID-19 pandemic

    We take a responsible approach to the pandemic situation and do our best to minimize the impact and consequences of the pandemic on our employees, customers, partners and shareholders. We follow the requirements and instructions of the governments and health boards/authorities of our home markets and, if necessary, change our working processes accordingly. In order …


  • The apartment buying process during the emergency situation

    It is possible to buy the apartment that is right for you from Merko even during the emergency situation. We have established additional safety measures for preventing the spread of the pandemic, keeping our employees safe and protecting our customers. We hold all discussions remotely if physical proximity is not required. To protect the participants, …


  • Decision on continuing development projects amid the current global pandemic

    The AS Merko Ehitus Group management board has decided to continue the ongoing stages of Merko apartment development projects in Estonia, Latvia and Lithuania but not to launch new developments or new stages of ongoing projects for the next three months. The subsidiaries of the group in Tallinn, Riga and Vilnius currently have about 800 …


  • Uus-Veerenni to be expanded with new Uus-Veerenni Park stage

    As the next stage in the development of Uus-Veerenni, the Uus-Veerenni Park apartment buildings will be built along Pille Street on the Vana-Lõuna Street side of the development. It will feature 59 one- to four-room apartments. Landscaping and a playground and recreational area exposed to noonday and afternoon sun will be developed near the two …