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  • Merko Ehitus earns EUR three million net profit in Q1

    Revenue for Merko Ehitus in Q1 2022 grew to EUR 68 million, operating profit amounted to EUR 3.7 million and net profit to EUR 3 million. In the first quarter, Merko delivered 126 apartments to buyers and the construction of 1,700 apartments is now under way. “The situation on the construction market continues to be …

  • Merko builds the Arter quarter

    Kapitel develops and Merko builds a high-quality and healthy working environment in Liivalaia, renamed the Arter quarter, for companies that value their employees. The quarter with a total leasable area of 38,000 sq m and a park will be completed in the Q3 2024. “Arter is a people-centred urban space in the centre of Tallinn. …

  • Contract for construction of Pelgulinna state upper secondary school signed

    Today, 15 February 2022, Merko signed a contract with Riigi Kinnisvara to build the Pelgulinna Riigigümnaasium, a state upper secondary school in Tallinn. Under this contract, we will build a four-storey school building at Kolde pst 67a, including outdoor activity areas, a city park with trees and shrubs, access routes and movement paths and bicycle …

  • Merko Ehitus net profit for 2021 grows to EUR 29 million

    Merko Ehitus posted revenue of EUR 113 million for Q4 2021 and the corresponding figure for the entire year was close to EUR 340 million. The group’s net profit for Q4 grew by 40% to EUR 14 million and the annual net profit by 27% to EUR 29 million. In 2021, Merko handed over 500 …

  • MERKO won two gold medals at the Lithuanian Product of the Year 2021 Awards

    Merko’s two projects in Vilnius, Vilneles slenis residential development and Neringa Hotel and Restaraunt were awarded gold medals at the annual Lithuanian Product of the Year competition, organized by the Lithuanian Confederation of Industrialists. The winners were announced for the 25th time. 53 companies representing 24 branches of the country’s industries were nominated in fifteen …

  • Merko recognized for the best residential real estate project in Lithuania and the best real estate project of the last 13 years

    For 14 years, the Lithuanian Real Estate Development Association (LNTPA) and the Academy of Sustainable Development have held a competition that is likened to Lithuania’s “Real Estate Oscars”. The award for the best residential real estate development project in 2021 went to Merko’s Vilnelės slėnis, located in Vilnius. A Merko PPP project, Balsiai School, received …

  • Merko scholarships awarded to Martin Thalfeldt and Karro Haav

    We awarded two scholarships at the Tallinn University of Technology (TalTech) Development Fund’s 2021 scholarship competition. The young teacher scholarship went to Martin Thalfeldt and the student scholarship, to Karro Haav. A tenured assistant professor with the School of Engineering’s Institute of Civil Engineering and Architecture, Martin Thalfeldt’sresearch is related to energy performance and indoor climate, …

  • Kerdo Kütt: future leader of digital construction

    The digital construction cluster awarded an award for future leader in the field of digital construction to Merko’s junior BIM engineer Kerdo Kütt. The main factor in landing Kütt the prize was his master’s thesis defended at TalTech, which analysed use cases, benefits and constraints of 3D printing of building concrete. The 3D printing field …

  • We continue to be the best-known and most reputable real estate developer

    According to a survey by Kantar Emor, for the third year running Merko has been deemed the best-known and most reputable real estate developer in Estonia. Kantar Emor’s annual survey of real estate brands conducted in September and October revealed that Merko continues to hold the position of best-known real estate developer in Estonia. We …