• Merks will build the modern business centre VERDE in Riga

    Merks has entered into a contract with SIA Hanzas 14, owned by Capitalica Baltic Real Estate Fund I, for the construction of business complex Verde in Skanste district, Riga. Verde business centre is to become one of the largest business centres in Riga with the total area of 45,000 m2, including the underground parking lot. …


  • Merks will build the modern business centre VERDE in Riga

    Merks has entered into a contract with SIA Hanzas 14, owned by Capitalica Baltic Real Estate Fund I, for the construction of business complex Verde in Skanste district, Riga. Verde business centre is to become one of the largest business centres in Riga with the total area of 45,000 m2, including the underground parking lot. …


  • Merko Ehitus posted a profit of two million euros in the first quarter

    In Q1 of 2020, Merko Ehitus posted revenue of EUR 56 million and a net profit of EUR 2.0 million. Construction services made up 62% and real estate development 38% of the group’s revenue. New construction contracts worth EUR 87 million in total were signed, and the volume of the secured orderbook at the end …


  • Business operations in the situation of coronavirus COVID-19 pandemic

    We take a responsible approach to the pandemic situation and do our best to minimize the impact and consequences of the pandemic on our employees, customers, partners and shareholders. We follow the requirements and instructions of the governments and health boards/authorities of our home markets and, if necessary, change our working processes accordingly. In order …


  • Decision on continuing development projects amid the current global pandemic

    The AS Merko Ehitus Group management board has decided to continue the ongoing stages of Merko apartment development projects in Estonia, Latvia and Lithuania but not to launch new developments or new stages of ongoing projects for the next three months. The subsidiaries of the group in Tallinn, Riga and Vilnius currently have about 800 …


  • Andris Bišmeistars to become the new CEO of Merks as of April

    There will be a change in the Management Board of SIA Merks as of 1 April 2020. Oskars Ozoliņš, who has held the position of the Chairman of the Management Board since 2012, will leave the company. Current Member of the Management Board and Construction Director Andris Bišmeistars will start as the new Chairman of …


  • Merko building more than 1,100 apartments in the Baltics

    Merko Ehitus posted revenue of EUR 73 million in Q3 and EUR 228 million for the first nine months of 2019. The group’s net profit for Q3 was EUR 2.5 million, and the nine-month net profit was EUR 7 million. The decline in the group’s revenue stems from the completion of major construction projects in …


  • 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. …


  • Ventspils Secondary School of Music and Concert Hall “Latvia” have been commissioned

    On 5th of June the State Construction Control Bureau signed the act on the acceptance for operation of the new Ventspils Secondary School of Music and Concert Hall “Latvia”. The design of the building was developed by the architect bureau “Haascookzemmrich Studio 2050”, represented by the German architect David Cook, and the construction works were …