All news

  • Construction of the mainline of Rail Baltica starts

    Today, on 26 August, Merko Ehitus Eesti and GRK Eesti signed a design-build contract with Rail Baltic Estonia for construction of the mainline of a Harju County segment of the Rail Baltica project. The contract covers the completion of the fourth phase of the railway infrastructure, which is a segment on the mainline with a …

  • Merko Ehitus posts H1 2024 revenue of EUR 204 million

    Revenue for Merko Ehitus at the six-month mark of 2024 was EUR 204 million while net profit stood at EUR 17.5 million. Second-quarter revenue was EUR 122 million and net profit was EUR 13.1 million. The lower volumes from real estate development have been compensated by higher sales of construction services, which made up nearly …

  • Merko Ehitus increases revenue in Q1 of 2024

    Q1 2024 revenue for Merko Ehitus was EUR 81.2 million, representing 7.2% growth compared to the same period a year ago. Net profit for the quarter was EUR 4.4 million. Merko has delivered 59 apartments and 7 commercial units to buyers so far this year. “The apartment market behaved as expected in the first quarter …

  • We are starting construction on the sixth stage of Uus-Veerenni

    We will soon start the construction of a new apartment building in the Uus-Veerenni residential quarter. In the largest new residential area in the centre of Tallinn, a living environment with 500 apartments has already been completed and continues to develop vigorously. The next homes will be completed at Tiiu 14 in the summer of …

  • Noblessner light tower adorned by a lighting installation called Pesa (Nest)

    An installation that combines metal and lighting art called Pesa is now located on top of the Noblessner port complex’s former lighting tower. The work commissioned by Merko was created to give new life to the urban space and encourage similar beautification of old and disused industrial sites. Pesa is the first part of a potentially more extensive public …

  • Construction of second-to-last phase of Erminurme in Tartu is launched

    Erminurme, straddling the boundary between Tartu City and Tartu Municipality, is a cosy residential neighbourhood that to this point boasts nine apartment buildings of two to three storeys each. As the last phase of the development, two three-storey buildings at Erminurme tee 2 and Erminurme tee 22 will be completed by summer 2025. The homes …

  • Merko Ehitus saw both revenue and net profit increase in 2023

    Q4 2023 revenue for Merko Ehitus was EUR 126 million and the 12-month revenue amounted to EUR 466 million. In 2023, Merko delivered 948 apartments and 27 commercial units to customers. In 2023, the group companies signed new construction contracts worth more than EUR 500 million. The company’s net profit in Q4 2023 was EUR …

  • Construction of Õielehe residential development gets under way in Jüri

    To this point, Merko apartments have been available for homebuyers in Tallinn and Tartu but now there is an opportunity for those who want to live in the vicinity of Tallinn. We are launching construction on Õielehe development in the hamlet of Jüri, which will ultimately boast 10 apartment buildings and four townhouses. The first …

  • New company Merko Kodud to handle apartment sales in Estonia

    On 1 January 2024, Merko Ehitus Eesti will split its operating activities between two separate companies within group. Real estate development and apartment sales will be handled by OÜ Merko Kodud while construction service will be offered by AS Merko Ehitus Eesti. A similar structure, aligned according to the nature of the line of business, …

  • Pelgulinna State Gymnasium and Uus-Veerenni Park receive awards

    On Friday, 8 December, architecture prizes for the year were awarded to Estonia’s best achievements and practitioners in the field. The architecture prize handed out by the Cultural Endowment of Estonia went to the Tallinn Pelgulinna State Gymnasium, built by Merko. The building is an example of the use of wood to encourage an environment …