Estonia

  • Innovative nursery school opens in Uus-Veerenni

    A new branch of Kalli-kalli nursery school opened in the Uus-Veerenni neighbourhood developed and built by Merko. The long-awaited new addition to the city centre early childhood education landscape has nine classes and serves about 150 children. Meant mainly for Uus-Veerenni residents but with limited availability for others, the nursery school is on Tiiu Street …

  • Merko is the most preferred employer for technology students

    Instar employer branding agency conducts its survey once a year to determine what university and vocational school students are expecting from an employer and which ones in Estonia are perceived as the most appealing. We are Estonia’s most attractive employer among technology students. This year was the 14th year that Instar has announced its most attractive …

  • We are building a logistics centre for Tallinna Kaubamaja Grupp

    AS Merko Ehitus Eesti concluded a construction contract with TKM Kinnisvara of the Tallinna Kaubamaja Group to build a logistics centre in Maardu. The centre will be located at Paemurru 1 and will handle the cargo volumes of the Tallinna Kaubamaja Group companies. The total area of the centre will be 17,200 square metres and …

  • Construction to begin on two new hotels in Tallinn

    An elegant Hampton by Hilton hotel will be completed in the onetime location of the Eha cinema (Tartu mnt 49) by late 2024 and the first Hyatt Place hotel in the Baltics will start being built in late 2025 at Sadama 4. The first steps to build the Hampton by Hilton were taken in early 2020, but …

  • Merko Ehitus revenue and net profit sees growth in Q1 of 2023

    Q1 2023 revenue for Merko Ehitus was EUR 76 million, representing 11% growth compared to the same period a year ago. Net profit for the first quarter was EUR 5.9 million – nearly double that of Q1 2022. Merko delivered 145 apartments to new homeowners in Q1. “Despite the good profit growth in Q1, we …

  • We are building Stage I of Rail Baltica’s Ülemiste joint terminal

    Merko Ehitus Eesti and our partner KMG Infra signed a design-build contract today for establishing the first stage i.e. zero cycle of the Rail Baltica Ülemiste joint terminal. The contract covers construction on the load-bearing structures underlying the railway at the Ülemiste joint terminal, which will be called the Linda terminal after a mythological character. …

  • Merko making progress on development of the Lahekalda residential quarter

    The construction of the Lahekalda residential quarter located on the limestone shore of Maarjamäe in Tallinn is moving forward at pace. Next, two apartment buildings with a total of 108 apartments will be completed as part of the fifth stage of the development. The apartments in the 8-storey energy class A buildings at Paekalda 19 and 21 …

  • Merko Ehitus 2022 net profit exceeds EUR 34 million

    Merko Ehitus posted revenue figures of EUR 143 million for Q4 and EUR 410 million for 2022 as a whole. Compared to the same period of the previous year, net profit in Q4 increased by 27% to EUR 17.6 million and for the year as a whole, by 19% to EUR 34.6 million. In 2022, …