Estonia
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Merko Ehitus sales revenue and profit continued growth in Q3
Merko Ehitus Group posted revenue of EUR 115 million in Q3 and the nine-month figure was EUR 299 million. The group’s net profit in Q3 increased to 5.6 million and the nine-month net profit amounted to EUR 12.3 million. This year, Merko Ehitus has launched nine new residential development projects with a total of 840 …
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Merko laid the cornerstone for the largest new residential quarter in the city centre of Tallinn
Today, 6 November, Merko laid the cornerstone for its largest apartment development projects for the upcoming years, the New Veerenni residential quarter. The first residents will move into their homes at the end of 2019. In addition to the contributing partners of the project, the neighbours of the New Veerenni development area and the future …
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Viimsi State Gymnasium earns at the “Wooden Building of the Year 2018” competition the award for the best usage of laminated timber
The Viimsi State Gymnasium built by Merko earns the people’s choice award at the “Wooden Building of the Year 2018” competition and Arcwood’s special award for the best usage of laminated timber. The Wooden Building of the Year competition is organised by the Estonian Forest and Wood Industries Association with the objective of highlighting the …
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Merko Ehitus once again the most competitive building company in Estonia
On October 1, the Estonian Chamber of Commerce and Industry awarded the most competitive companies in Estonia. AS Merko Ehitus was declared once again the most competitive company in the field of construction. This recognition is twelfth in line for Merko, for which the company expresses gratitude to all the employees, clients and partners of …
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EUROMONEY: Merko is the best Estonian real estate developer
In its latest real estate market survey, the world leading business and investment magazine Euromoney once again declared Merko Ehitus the best Estonian real estate developer. „That we have, for the fifth time, been awarded the title of the best Estonian real estate developer in an international survey is a great recognition for all Merko …
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Merko launches construction of the second phase of the Tähepargi development project in Tartu city center
Under the name of Tähepargi Homes a total of seven new apartment buildings will be erected between the Tähe, Pargi and Päeva streets of downtown Tartu, the construction of the last three of which will begin this week. Today the sale of apartments at Päeva 5, Pargi 13 and Pargi 15 houses has begun, the …
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Merko will build Uus-Veerenni living environment with 50 apartment buildings in downtown Tallinn
In the first phase of construction, a total of twelve residential units with 137 apartments and 8 commercial spaces will be built in Uus-Veerenni development area. The public sale of apartments will begin today, and the first occupants will be able to move into their new homes by the end of 2019. Uus-Veerenni is the …
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Merko was awarded an Attractive Employer Award
Employer’s branding agency Instar conducted a survey of the reputation of both the work expectations and the employers’ reputation among higher education, vocational schools and medical students. More than 5,400 young people evaluated the attractiveness of 194 Estonian organizations. The prizes were awarded in eight categories. According to year 2018 technology students, AS Merko Ehitus Eesti is …
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Merko Ehitus revenue and net profit in both Q2 and first half-year higher than last year
Merko Ehitus posted higher revenue and net profit figures for Q2 and first six months compared to last year. Revenue in Q2 was EUR 103.3 million and in first half-year EUR 183.7 million; Q2 net profit was EUR 5.6 million and 6-month net profit EUR 6.7 million. The group earned over half of its 6-month …
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Merko is the best-known real estate brand in Estonia
In June 2018, Kantar Emor completed a survey that revealed the public’s brand awareness of 22 Estonian real estate brands and the needs of people who wish to buy an apartment in Tallinn and nearby new urban areas, along with the previous home purchase experience of people. The best-known real estate brand in terms of …