Estonia

  • Net profit for Merko Ehitus at nine-month mark exceeds EUR 15 million

    Third-quarter revenue for Merko Ehitus was EUR 81 million and net profit for the same period was EUR 5.5 million. The revenue for the first nine months of 2021 grew by 8% to EUR 227 million and net profit by 17% to over EUR 15 million. This year in the three Baltics, Merko has launched …

  • We are launching the fourth stage of Lahekalda

    The fourth stage of the Lahekalda apartment development project on the Maarjamäe limestone cliff in Tallinn includes the completion of two apartment buildings with a total of 98 apartments by the end of 2022. The 2- to 4-room apartments in the 8-storey energy class A buildings to be erected at Paekalda 23/1 and 23/2 will …

  • The sale of apartments in Metsatuka’s second building has began

    We are currently constructing the Metsatuka residential complex consisting of three apartment buildings in Nõmme, where a total of 130 homes will be completed by the beginning of 2023. From today, apartments can be bought in the Teelise 8 apartment building, the second to be constructed. Metsatuka apartment buildings (merko.ee/metsatuka) are located in Nõmme near the …

  • Allveelaeva residential building construction launches in Noblessner

    We are launching construction of a new apartment building called Allveelaeva House, which will be erected next to the Vesilennuki apartment houses now under construction. As part of the joint development by Merko and BLRT Group, the Allveelaeva House, which has the logic of a circular building, will boast 148 apartments and 11 business units. …

  • Fifth phase of Uus-Veerenni launches

    In early 2023, the largest residential quarter in Tallinn city centre will gain an additional 12 apartment buildings with 137 apartments and 8 storefronts. We will add a third interior courtyard to the existing two interior courtyards on the Veerenni Street side of the Uus-Veerenni development (merko.ee/veerenni) and build four six-storey buildings, two four-storey buildings …

  • Merko opens Erminurme Park in the vicinity of Tartu’s Raadi airfield

    We have completed construction on Erminurme Park and handed over the 7,000 m2 illuminated area to Tartu Rural Municipality. It marks a new use for a historical bunker at a site that was a military airfield more than 30 years ago. The attractions for children of various ages and a recreational area for grown-ups are …

  • Merko seen by tech students as the most attractive employer

    The employer branding agency Instar conducted its annual job expectations and employer reputation survey, gauging the attractiveness of 242 Estonian organizations among 9,000 students at institutions of higher education and vocational schools and people with work experience. Merko was placed first in the sectoral ranking compiled on the basis of the preferences of technical students. …

  • 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 …