All news

  • Merko has started the construction of the Lahekalda residential block in Tallinn

    Merko has launched the development of a new living environment, and it has started the construction of homes on the picturesque Maarjamäe Ridge, which towers 40 meters above the sea level. In the first stage of construction, three apartment buildings with a total of 144 apartments shall be built in the Lahekalda Development Area. The …

  • 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. …

  • Merko started the construction of nearly 100 apartments in Uus-Veerenni

    During the second phase of the Uus-Veerenni residential development project, eight buildings with a total of 88 apartments and four commercial premises will be completed by the end of 2020. Uus-Veerenni (merko.ee/veerenni) is the largest comprehensive residential development area in Tallinn city center. Over the next ten years, about fifty apartment buildings will be built …

  • 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 …

  • Highly appraised energy efficiency of “Merks Gaiļezera nami”

    In the contest “Latvia’s Most Energy Efficient Building 2019” the project “Merks Gaiļezers nami” in Mežciems, Gailezera Street 15, got 2nd place in the category “Multiapartment Building – New Building”. The first-stage houses of the project were placed in service in 2018 and various modern solutions for high energy efficiency have been used in their …

  • Capsule enclosed in foundations of “Merks Viesturdārzs”

    On this day, a symbolic foundation stone for successful construction works will be enclosed in the foundations of the residential project “Merks Viesturdāzs” in the form of a capsule, holding a message to future generations about  the project. “We see how this special, but not yet organized spot in Riga, between Andrejosta and the Quiet …

  • Merko Ehitus Q1 profit grew to EUR 2.8 million

    In Q1 of 2019, Merko Ehitus posted revenue of EUR 77 million and net profit of EUR 2.8 million. The number of apartments delivered to buyers in Q1 of this year grew more than 20% year-over-year. “Nearly 4% decrease in revenue in the first quarter was expected, considering the trend of decreasing construction orders on …

  • Merko starts construction of the second phase of Pikaliiva residential area

    Today, the sale of apartments at the Pikaliiva 22 and Kaaruti 8 residential buildings which will be completed as the second phase of Pikaliiva development project, begins. There are 50 one- and four-room apartments in two four-story apartment buildings. The Pikaliiva apartment buildings (merko.ee/pikaliiva) are located in an area with development potential near Lake Harku …

  • Topping out celebration for “Merks Gaiļezera nami”

    The topping out celebration for the residential project “Merks Gaiļezera nami” has marked reaching the peak and completing construction of the structural scope of the building. All buildings of the second stage of the project have already acquired their full shape, and this concludes a significant stage of the works. Construction of the second stage …