Estonia

  • 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, …

  • Uus-Veerenni Park invites you to be active and read

    We have developed a public park of over 8,500 square metres in the Uus-Veerenni quarter with playground equipment, sculptures that enliven the urban space, a rest area and a reading corner. The new park in Tallinn’s urban space places a premium on biodiversity and the idea of recycling and is intended for residents and guests …

  • Builder of the Year 2022 is Taavi Lipp

    Yesterday, the most important construction conference of the year, Ehitus 2023+, took place in Tallinn, the culmination of which was an award ceremony to recognise the best in the industry over the course of the year. This year, the title of Builder of the Year was awarded to civil engineer Taavi Lipp, project director at Merko …

  • Merko Ehitus recognised as the most competitive construction company in Estonia for the sixteenth time

    For the sixteenth time, AS Merko Ehitus has been declared the most competitive company in Estonia in the category of construction companies. The aim of the Estonian Companies’ Competitiveness Ranking is to facilitate the improvement of competitiveness of Estonian companies and thereby promote faster development of the Estonian economy. The ranking highlights the most successful …

  • Merko picked as Estonia’s best-known and most reputable real estate developer for fourth straight year

    An annual real estate brand survey conducted by Kantar Emor showed that Merko continues to be Estonia’s best-known real estate developer. We are still among Estonian’s leaders in terms of the real estate developers with the best reputation. Merko’s advantages were overwhelmingly perceived as trustworthiness, good quality, locations of its real estate developments, and high …