Estonia

  • Kindergarten being constructed in Uus-Veerenni

    A new, state-of-the-art kindergarten building will be completed in the summer of 2023 in the residential quarter of Uus-Veerenni. The kindergarten will provide greater convenience to the residents of Uus-Veerenni, with Merko’s total investment in the project amounting to five million euros. A competition to find an operator for the new kindergarten is underway. The …

  • Fourth stage of Erminurme development to be launched soon

    So far, six buildings have been completed in the Erminurme residential quarter on the border of Tartu Rural Municipality and the City of Tartu. 115 families have already found their homes there. The construction of the next three buildings will start soon. The Erminurme homes (merko.ee/erminurme)are located near the Raadi Manor complex and the Estonian …

  • Cornerstone laid at Arter quarter

    Today, the cornerstone was laid for the Arter Quarter, which Kapitel is developing on the corner of Liivalaia and Juhkentali streets, with a total investment of 150 million euros. Despite the challenges on the construction market, one of the largest construction projects in Estonia remains on schedule and will be completed in the third quarter …

  • The new Lahekalda apartment buildings attain full height

    Merko is developing and building the Lahekalda residential quarter sited on the Maarjamäe limestone cliff and already home to 300 families. In mid-May, we held the topping-off ceremony for the first two eight-storey buildings – 98 apartments will be completed at Paekalda 23/1 and Paekalda 23/2. The Lahekalda quarter is being built on the Maarjamäe …

  • Public park being constructed in Uus-Veerenni

    We are building a public park of more than 8,500 m2 with playgrounds for children and a recreational area for adults in the residential quarter of Uus-Veerenni. The park, a new addition to Tallinn’s urban space, is intended for public use and will be completed in the autumn of 2022. “When building a living quarter, we …

  • Merko Ehitus earns EUR three million net profit in Q1

    Revenue for Merko Ehitus in Q1 2022 grew to EUR 68 million, operating profit amounted to EUR 3.7 million and net profit to EUR 3 million. In the first quarter, Merko delivered 126 apartments to buyers and the construction of 1,700 apartments is now under way. “The situation on the construction market continues to be …

  • Merko builds the Arter quarter

    Kapitel develops and Merko builds a high-quality and healthy working environment in Liivalaia, renamed the Arter quarter, for companies that value their employees. The quarter with a total leasable area of 38,000 sq m and a park will be completed in the Q3 2024. “Arter is a people-centred urban space in the centre of Tallinn. …

  • Contract for construction of Pelgulinna state upper secondary school signed

    Today, 15 February 2022, Merko signed a contract with Riigi Kinnisvara to build the Pelgulinna Riigigümnaasium, a state upper secondary school in Tallinn. Under this contract, we will build a four-storey school building at Kolde pst 67a, including outdoor activity areas, a city park with trees and shrubs, access routes and movement paths and bicycle …

  • Merko Ehitus net profit for 2021 grows to EUR 29 million

    Merko Ehitus posted revenue of EUR 113 million for Q4 2021 and the corresponding figure for the entire year was close to EUR 340 million. The group’s net profit for Q4 grew by 40% to EUR 14 million and the annual net profit by 27% to EUR 29 million. In 2021, Merko handed over 500 …

  • Merko scholarships awarded to Martin Thalfeldt and Karro Haav

    We awarded two scholarships at the Tallinn University of Technology (TalTech) Development Fund’s 2021 scholarship competition. The young teacher scholarship went to Martin Thalfeldt and the student scholarship, to Karro Haav. A tenured assistant professor with the School of Engineering’s Institute of Civil Engineering and Architecture, Martin Thalfeldt’sresearch is related to energy performance and indoor climate, …