Estonia

  • Merko Ehitus posts Q1 2026 revenue of 57 million euros

    Merko Ehitus generated revenue of EUR 57 million in the first quarter of 2026, with a net profit of EUR 4.3 million. As of the end of the first quarter, the company’s secured order-book reached an all-time high of EUR 826 million. “The first-quarter results were in line with expectations. By mid-2025, we had completed …

  • Winning design picked for Tuisumetsa development in Tallinn’s Kristiine district

    An architecture competition held to elicit the best architectural urban space concept for Merko’s properties in the Järve community of Tallinn was won by Pluss Arhitektid. The new residential development in the city’s Kristiine district will be called Tuisumetsa. The invitational architecture competition held by Merko aimed to find the best solution for establishing a …

  • Construction of terraced houses begins at Õielehe

    Development of the Õielehe project continues apace in the hamlet of Jüri in Rae Municipality. Three apartment buildings are under construction in the second phase of Õielehe, and now the first terraced house construction is also under way. The apartment buildings with 33 units and the terraced houses with five units each will be finished …

  • Niguliste Museum receives piano donated by Merko

    Through support from Merko, the Niguliste Museum has been endowed with a concert piano. The parlour grand was inaugurated with a concert by the young Estonian pianist Tähe-Lee Liiv on 13 March. Merko is a longtime supporter of art and culture, and has close ties with the Art Museum of Estonia, above its Niguliste Museum …

  • Acclaim for Merko anniversary book

    A commemorative volume published to mark Merko’s 35th anniversary has been selected as one of Estonia’s 25 Most Beautiful Books of 2025. The book, showcasing the construction and real estate company’s work from the past five years and the people who work for Merko, also received a Special Prize from the National Library of Estonia. …

  • Uus-Karlowa development launched at site of Tartu’s former boiler house

    In cooperation with Giga, we are building an apartment building with three commercial units on the Turu 18 plot on the banks of the River Emajõgi in Tartu. The new development will be called Uus-Karlowa, after the district it is located in, and will eventually also include a hotel and an office building. In the …

  • Come to the drive-in exhibition!

    In collaboration with artists and city officials, a unique art exhibition has been opened underneath Tallinn’s Freedom Square. Besides walking through the venue in the conventional way, the sculptures can also be enjoyed from behind the wheel of a car. The “drive-in” exhibition developed in cooperation with the city of Tallinn is a Merko initiative. …

  • Merko Ehitus posts 2025 revenue of 311 million euros

    In the fourth quarter of 2025, Merko Ehitus generated revenue of EUR 69 million and net profit of EUR 3.2 million; for the full year, revenue was EUR 311 million and net profit EUR 39.9 million. In coordination with the supervisory board, the management board of Merko Ehitus proposes paying a dividend of 1.25 euros …

  • Second phase of construction of Õielehe residential district set to start

    As part of the second phase of the Õielehe residential district in the hamlet of Jüri outside Tallinn, we are building three apartment buildings set to be completed by spring 2027. Apartments in the first row house in the district also go on sale today. The buildings in Õielehe are compact, cosy and compatible with …