All news
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SIA Merks sings a contract to build “Laima” factory
Construction company “Merks” has signed a contract with SIA “Orkla Confectionery & Snacks Latvija” for the construction of a new “Laima” factory in Ādaži, Laimas Street 6. The total amount of the contract is EUR 8.9 million and construction will start in April this year. “We are very pleased to sign this contract, because the …
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SIA Merks receives highest industry awards
Confirming its expertise and professionalism in implementing high quality residential projects, the construction company “Merks” has received two highest industry awards in the contest “Latvia’s Building of the Year 2018”. In the first-ever “Innovations” category of the contest, the design of the project “Merks Viesturdāzs” was awarded with the highest acknowledgement. The design of the …
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Multi-functional centre Akropole has been commissioned
One of the most ambitious construction projects in Latvia, multi-functional centre Akropole has been commissioned a year and ten months after the commencement of construction works. Totalling to 98,000 m² of indoor space, the building offers about 9,000 m² of office premises. The remaining area houses over 140 shops, about 30 cafés and restaurants, an …
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2018 sales revenue of Merko Ehitus above EUR 400 million mark, proposing to pay 1 euro in dividends per share
Merko Ehitus posted revenue of EUR 119.2 million in Q4 of 2018 and the 12-month revenue figure was EUR 418 million. The group’s net profit for Q4 of 2018 was EUR 7 million and the 12-month net profit was EUR 19.3 million. Both the 12-month revenue as well as net profit grew by 32%, compared …
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Special BIM collaborative project Award for the Staapli city quarter
On January 23, the Estonian Association of Civil Engineers and the Estonian Association of Architectural and Consulting Engineering Companies announced the winners of the best construction projects and construction engineers for 2018 and the Ministry of Economic Affairs and Communications recognized the best BIM cooperation projects of the year. This year, the Ministry’s special awards …
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Merko started the construction of the five-story Matilda House in Kassisaba district
Merko started construction of a five-story modern apartment building at Paldiski Road 21 in Kassisaba. The public sale of the 20 apartments and two commercial spaces in the building, which will be completed by the end of 2019, begins today. The Matilda House is located in the Kassisaba urban region, less than half a kilometer …
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Topping out celebration for extension of Alfa shopping centre
We have celebrated the topping out of the extension of Alfa shopping centre in Riga. The extension will add 30,000 sqm to Alfa shopping centre, taking the total area to more than 100,000 sqm and increasing the number of tenants to 250 from the current 170. The second new building – multi-storey parking house, which …
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Merko has the best organized construction site in Tallinn
The City of Tallinn recognized the construction of the office building at Pärnu Road 22 carried out by Merko Ehitus Eesti as an example of the best-organized construction site in 2018. Merko has been awarded the title of the construction company with the best-organized construction site on four occasions. The goal of the public competition …
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The Faculty of Architecture of the Estonian Academy of Arts to continue with the professorship for digital tools with the support of Merko Ehitus
The Faculty of Architecture of the Estonian Academy of Arts (EKA) has been co-operating closely with Merko Ehitus since 2016. In the autumn of 2016, with the support of Merko Ehitus, a professorship for energy efficiency that is unique in Estonia was opened and, this academic year, a digital tools studio that focuses on the …
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Merko Ehitus sales revenue and profit continued growth in Q3
Merko Ehitus Group posted revenue of EUR 115 million in Q3 and the nine-month figure was EUR 299 million. The group’s net profit in Q3 increased to 5.6 million and the nine-month net profit amounted to EUR 12.3 million. This year, Merko Ehitus has launched nine new residential development projects with a total of 840 …