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  • 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 …

  • 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 …

  • 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 …

  • 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 …

  • 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 …

  • 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 …

  • 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 …