Estonia

  • Contract for construction of Pelgulinna state upper secondary school signed

    Today, 15 February 2022, Merko signed a contract with Riigi Kinnisvara to build the Pelgulinna Riigigümnaasium, a state upper secondary school in Tallinn. Under this contract, we will build a four-storey school building at Kolde pst 67a, including outdoor activity areas, a city park with trees and shrubs, access routes and movement paths and bicycle …

  • Merko Ehitus net profit for 2021 grows to EUR 29 million

    Merko Ehitus posted revenue of EUR 113 million for Q4 2021 and the corresponding figure for the entire year was close to EUR 340 million. The group’s net profit for Q4 grew by 40% to EUR 14 million and the annual net profit by 27% to EUR 29 million. In 2021, Merko handed over 500 …

  • Merko scholarships awarded to Martin Thalfeldt and Karro Haav

    We awarded two scholarships at the Tallinn University of Technology (TalTech) Development Fund’s 2021 scholarship competition. The young teacher scholarship went to Martin Thalfeldt and the student scholarship, to Karro Haav. A tenured assistant professor with the School of Engineering’s Institute of Civil Engineering and Architecture, Martin Thalfeldt’sresearch is related to energy performance and indoor climate, …

  • Kerdo Kütt: future leader of digital construction

    The digital construction cluster awarded an award for future leader in the field of digital construction to Merko’s junior BIM engineer Kerdo Kütt. The main factor in landing Kütt the prize was his master’s thesis defended at TalTech, which analysed use cases, benefits and constraints of 3D printing of building concrete. The 3D printing field …

  • We continue to be the best-known and most reputable real estate developer

    According to a survey by Kantar Emor, for the third year running Merko has been deemed the best-known and most reputable real estate developer in Estonia. Kantar Emor’s annual survey of real estate brands conducted in September and October revealed that Merko continues to hold the position of best-known real estate developer in Estonia. We …

  • Merko is helping Do Good MTÜ to acquire household appliances for those in need

    Merko is supporting the non-profit organisation Do Good MTÜ with 15,000 euros for purchasing necessary household appliances for families in need. This is one of the largest donations to Do Good so far, which will make life easier for nearly fifty families in need. “Do Good MTÜ helps those in need with essential items that …

  • 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 …