All news

  • Tallinn Airport accessible by tram starting in early September

    In early September, the city of Tallinn’s public transport company launched regular tram service to Tallinn Lennart Meri International Airport. The general contractors for the construction are AS Merko Ehitus Eesti and KMG Inseneriehituse AS. The finishing work in the vicinity of the new airport tram line will continue until November. Work on extending tram …

  • Merko Ehitus grows both sales revenue and net profit in Q2

    Merko Ehitus’s Q2 and first half-year revenue and net profit outpaced the respective figures for last year. Sales revenue in Q2 was EUR 70.7 million and net profit was EUR 2.2 million; while 6-month sales revenue was EUR 128.8 million and net profit was EUR 3.2 million. This year, the group’s contract portfolio has increased …

  • Topping-out event held at Maakri Kvartal high-rise building

    The full 30-storey height of the Maakri Kvartal high-rise building has been reached – 110 metres from the ground level. On 30 June, the owner of the Maakri Kvartal, Olav Miil, braved stormy weather to saw through a symbolic wreath that had towered over the city, following which participants gathered on the 24th floor for …

  • Former industrial area of Noblessner to integrate seafront with a modern urban space

    The Noblessner industrial area, a historical submarine building shipyard area, will in the coming years be redesigned into an integral residential, commercial and recreational environment with good communication with the sea. The total investment is upwards of 250 million euros. According to the BLRT Group real estate development director Ivar Piirsalu, the 15-hectare territory will …

  • Cornerstone laid for the Radisson Blu Hotel Lietuva extension

    The radiant Radisson Blu Hotel Lietuva on the right bank of the Neris river in Vilnius is expanding, and on 10 May the cornerstone was laid. The hotel property investors, Norwegian real estate development company Linstow AS, the hotel operator Rezidor Hotel Group and Merko Statyba announced that the new project will add an additional …

  • Merko Ehitus increases revenue and profit in Q1

    In Q1 of 2017, Merko Ehitus posted revenue of EUR 58.1 million and a net profit of EUR 1 million. Revenue grew both in Estonia and in other home markets, apartment sales picked up as well. In the first quarter, Merko sold 141 apartments compared to 101 in the same period last year. “Our first …

  • Merko laid corner stone to Vilnius Rinktinės Urban development project

    The Rinktinės Urban residential development in Vilnius city centre comprises three residential buildings, an ibis hotel and two-storey underground parking to connect the entire complex. The hotel will be completed in summer 2018, with the residential buildings in the second half of 2018. “The smart and open city of Vilnius is being renewed and is …

  • Merko to reward best Baltic partners in cooperation with a brand-new Toyota

    This year, Merko Ehitus is organizing a campaign aimed to recognizing partners in cooperation and recognising the quality of their work. The campaign is being organized in cooperation with Toyota and the best partner in each of the three Baltics – Estonia, Latvia and Lithuania – will win the right of use of a brand-new …

  • Tallinn’s Rode altarpiece project wins the 2017 European Prize for Cultural Heritage

    The Rode altarpiece research and conservation project supported by Merko Ehitus and running from 2014-2016 “Rode Altarpiece in Closeup”, has won Europe’s most prestigious heritage conservation prize in the category of research. As part of the prize, 29 recipients from 18 countries were honoured for outstanding accomplishments in preservation, research, education and awareness-raising in the …

  • Merko starts construction of Akropole, destined to be Riga’s biggest shopping centre

    On 7 April, Merko’s Latvian subsidiary SIA Merks and SIA M257 concluded a construction contract under which SIA Merks will start building the multifunctional Akropole Centre in Riga. The total floor space in what will be Latvia’s largest such facility is 98,000 m² and the value of the construction contract is approximately EUR 100 million. …