Estonia

  • Construction of the sixth apartment building in Lahekalda to begin

    Merko is commencing the construction of the third stage of the Lahekalda apartment development project in Tallinn, within the framework of which one apartment building with 48 apartments will be completed at Paekalda 14 in the spring of 2022. The Lahekalda residential district (merko.ee/lahekalda) is located on the Maarjamäe limestone bank on the border of …

  • All Vesilennuki buildings go on sale

    We announced the start of construction on the first buildings in the Vesilennuki project back in January and we are now launching the construction and sales in the next three buildings in Noblessner. The joint Merko and BLRT Group development project will see the completion of five apartment buildings in Noblessner port complex with a total of …

  • Launch of the fourth phase of Uus-Veerenni

    The largest new development in the Tallinn city centre, Uus-Veerenni, will be completed in late 2022 with three apartment buildings containing 84 apartments. The five-storey buildings to be built at Tiiu 12 (merko.ee/veerenni-park) will have one- to four-room apartments with 32 to 96 square metres of floorspace. The buildings are energy class B, and around …

  • Renovation of Järvakandi substation starts

    Merko Infra and Elering concluded an agreement today for the renovation of the Järvakandi 110 kilovolt substation. Under the contract, a new switchyard with two sections and 110 kilovolt voltage will be built on the Järvakandi substation territory, along with control, auxiliary and control system, two existing overhead lines and two power transformers will be …

  • New apartment buildings in Nõmme

    We are launching the Metsatuka development in the Nõmme district of Tallinn, which will see a total of 130 homes built by early 2023. The sale of apartments will begin soon. The Metsatuka development (merko.ee/metsatuka) is located in the vicinity of Pääsküla bog and forests. The two to four room apartments located in B energy …

  • 2020 net profit for Merko Ehitus grows to EUR 23 million

    Merko Ehitus posted revenue of approximately EUR 106 million for Q4 2020, while total revenue for the whole year was EUR 316 million. The group’s Q4 2020 net profit was EUR 10 million and its annual net profit grew over 40%, amounting to EUR 23 million. In coordination with the supervisory board, the group’s management …

  • Second stage of Erminurme development to be launched soon

    Construction of the second stage of the Erminurme development on the border of Tartu Rural Municipality and the City of Tartu will start soon. The apartments will be available for purchase in the near future. The Erminurme homes are located near the Raadi Manor complex and the Estonian National Museum, which is considered to be …

  • Kapitel and Merko signed a contract to start the construction of the Liivalaia Quarter

    Kapitel and Merko signed a contract for the underground construction works (including the external pipelines) of the Liivalaia business and residential quarter. Project developer Kapitel plans to complete the quarter with a rental space of 36,000 sq m in mid-2024. The quarter consists of three connected buildings, including Estonia’s tallest office building. Kapitel’s total investment …

  • Toomas Annus, Merko and Kapitel will stop sponsoring competitive sports in Estonia

    The article “New materials in the Alaver file:  Tammjärv and Annus were more involved” published on the err.ee news portal on 27 January 2021 and the “Pealtnägija” television programme on the same date claim that “additionally disclosed parts of Mati Alaver’s file show that athlete Karel Tammjärv and major sponsor Toomas Annus were much more …

  • Merko is the best employer among construction and real estate companies

    Merko was ranked 7th in the CV-Online/CV.ee Top Employer survey in “the best employer in the production sector” category. We are the only construction and real estate company in the top ten production companies. The annual survey recognises the best employers in Estonia and was conducted in Nov 2020-Jan 2021. A total of 3,222 people …