All news
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SIA Merks has completed the construction of an international school in Piņķi
The Latvian construction company SIA Merks has completed the construction of Exupéry International School in Piņķi, a suburban area located between Riga and Jurmala, in under a year. The new school accommodates 200 pupils and over 120 children in the kindergarten. The construction of the Exupéry International School building was carried out using the latest …
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Nominees for the Association of Estonian Architects annual award are announced
This year, there are four nominees vying for the Association of Estonian Architects (EAA) annual award: the Narva Joaoru beach building and surrounding recreational area, Kohtla Mining Park, the Pärnu Rannastaadion (Beach Stadium) building and the area of the Viljandi Crematorium where religious and traditional rites are carried out. The awarding of the annual award is …
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Cornerstone laid in Noblessner for Estonia’s most seafront residential/commercial development
A cornerstone was laid today in the historical Noblessner Home Port complex for the residential/commercial project being developed by BLRT and Merko. The first building in the Home Port development will stand just seven metres from the current waterline and the apartments and commercial properties are scheduled for completion by late 2017. The director of …
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Merko Ehitus profitability improves in Q2
In Q2 of 2016, Merko Ehitus posted revenue of EUR 58.7 million, EBIDTA of EUR 3.4 million and profit before taxes of EUR 2.4 million. Gross profit margin increased to 9% in the second quarter and the group’s construction contract order book reached EUR 279 million. The Baltic construction market – in a slump with …
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First apartment building in Noblessner development to be built just 7 metres from the seafront
Construction has started on the first Hope Port apartment building and the underground parking garage that will connect the entire Port Noblessner complex. The six-storey apartment building developed by Merko and BLRT will be built only seven metres away from the waterline and has a scheduled completion date in late 2017. The Noblessner Home Port …
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Great Amber Concert Hall in Liepāja is the Popular Choice Winner in international architectural competition
Liepāja Concert Hall, opened in November 2015, has received the Popular Choice Award in the prestigious architectural competition Architizer A+ Awards in the hall/theatre category. The architect of the building is Volker Giencke and the main contractor SIA Merks, part of Merko Ehitus group. A+Award is one of the most prestigious architecture competition with projects …
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Real estate development buoys Merko Q1 results, plans to start construction of over 500 apartments this year
Merko Ehitus posted revenue of EUR 46.8 million in Q1 2016, EBIDTA of EUR 1.2 million and profits before taxes of EUR 0.3 million. Merko continues to focus on private sector customers and real estate development, and the share of revenue from the latter increased to 42% of the group’s total Q1 revenue. Merko sold …
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Estonian Association of Architects (EAA) announces this year’s EAA Annual Prize competition
The Estonian Association of Architects (EAA) has announced a competition for the EAA Annual Prize 2016, with a call for nominations up to 30 May. The award winner will be announced at a ceremony gala on 9 December to be held at NO99 Theatre. The awarding of the EAA Annual Prize is supported by AS …
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Merko Ehitus subsidiary acquires majority holding in Norwegian construction company
Merko Ehitus subsidiary Merko Investments AS has acquired a 56% holding in Norwegian construction company Peritus Entreprenør AS in order to provide construction services on the Norwegian market. On 7 March 2016, Merko Ehitus subsidiary Merko Investments AS entered into agreements with Norway’s SDV Golding AS and Aucon AS to acquire a 56% stake in …
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Merko Ehitus maintains third position among companies with the best investor relations in the Baltic market
On 28 January, Nasdaq Baltic announced the publicly traded companies with the best investor relations in the Baltic market. Within the framework of the competition, 55 Baltic listed companies were evaluated according to more than 160 criteria. Tallinna Vesi was announced the winner of the award for the best investor relations in the Baltic market, with …