Estonia

  • Merko has started the construction of the Lahekalda residential block in Tallinn

    Merko has launched the development of a new living environment, and it has started the construction of homes on the picturesque Maarjamäe Ridge, which towers 40 meters above the sea level. In the first stage of construction, three apartment buildings with a total of 144 apartments shall be built in the Lahekalda Development Area. The …

  • Merko Ehitus posted six months’ revenue of EUR 154 million

    Merko Ehitus posted revenue of EUR 77 million in Q2 and EUR 154 million for the first six months of 2019. The group’s profit before taxes in Q2 was EUR 4.5 million and profit before taxes for six months was EUR 7.5 million; net profit amounted to EUR 1.7 million and EUR 4.5 million, respectively. …

  • Merko started the construction of nearly 100 apartments in Uus-Veerenni

    During the second phase of the Uus-Veerenni residential development project, eight buildings with a total of 88 apartments and four commercial premises will be completed by the end of 2020. Uus-Veerenni (merko.ee/veerenni) is the largest comprehensive residential development area in Tallinn city center. Over the next ten years, about fifty apartment buildings will be built …

  • Merko Ehitus Q1 profit grew to EUR 2.8 million

    In Q1 of 2019, Merko Ehitus posted revenue of EUR 77 million and net profit of EUR 2.8 million. The number of apartments delivered to buyers in Q1 of this year grew more than 20% year-over-year. “Nearly 4% decrease in revenue in the first quarter was expected, considering the trend of decreasing construction orders on …

  • Merko starts construction of the second phase of Pikaliiva residential area

    Today, the sale of apartments at the Pikaliiva 22 and Kaaruti 8 residential buildings which will be completed as the second phase of Pikaliiva development project, begins. There are 50 one- and four-room apartments in two four-story apartment buildings. The Pikaliiva apartment buildings (merko.ee/pikaliiva) are located in an area with development potential near Lake Harku …

  • Special BIM collaborative project Award for the Staapli city quarter

    On January 23, the Estonian Association of Civil Engineers and the Estonian Association of Architectural and Consulting Engineering Companies announced the winners of the best construction projects and construction engineers for 2018 and the Ministry of Economic Affairs and Communications recognized the best BIM cooperation projects of the year. This year, the Ministry’s special awards …

  • Merko started the construction of the five-story Matilda House in Kassisaba district

    Merko started construction of a five-story modern apartment building at Paldiski Road 21 in Kassisaba. The public sale of the 20 apartments and two commercial spaces in the building, which will be completed by the end of 2019, begins today. The Matilda House is located in the Kassisaba urban region, less than half a kilometer …

  • Merko has the best organized construction site in Tallinn

    The City of Tallinn recognized the construction of the office building at Pärnu Road 22 carried out by Merko Ehitus Eesti as an example of the best-organized construction site in 2018. Merko has been awarded the title of the construction company with the best-organized construction site on four occasions. The goal of the public competition …