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Launch of the second phase of the Õielehe apartments development project (Rae parish, Estonia)
Globenewswire· 2026-01-27 06:00
Õielehe apartment building Õielehe apartment building visualization Õielehe terraced house Õielehe terraced house visualization OÜ Merko Kodud, part of the AS Merko Ehitus group, has decided to launch the second phase of the Õielehe development project in Rae parish in Jüri. As part of this, three apartment buildings with a total of 33 apartments will be completed in the spring of 2027 at the addresses Õie 6, Õie 8 and Õie 10. Sales of apartments will also begin in a five-apartment terraced house, w ...
Public–private partnership (PPP) contracts in Lithuania (Rudninkai defence campus)
Globenewswire· 2026-01-15 07:59
Group 1 - UAB Merko Statyba signed two public-private partnership contracts with the Lithuanian Ministry of Defence for the design and construction of Parts B and C of the Rūdninkai Defence Force Campus [1] - The project includes infrastructure such as outdoor engineering networks, roads, training areas, administrative buildings, storage, repair and sports facilities [2] - The total nominal value of Part B is approximately EUR 325 million, while Part C is approximately EUR 375 million, both excluding VAT [4] Group 2 - The contract price will be paid in annuity payments over a period not exceeding 13.5 years, covering management, maintenance, and financial costs [3] - UAB Merko Statyba is a recognized Lithuanian construction company involved in general construction, civil engineering, and residential construction [5] - As of the end of 2024, AS Merko Ehitus group employed 605 people and reported a revenue of EUR 539 million [5]
Recognition as the best bidder in Lithuania (Rudninkai defense campus)
Globenewswire· 2026-01-14 08:43
Group 1 - The Lithuanian Ministry of Defence has recognized UAB Merko Statyba as the best bidder for parts B and C of the public procurement for the Rūdninkai Defence Force Campus infrastructure development through a public-private partnership [1] - The recognition will lead to the signing of contracts, which will be announced in a separate stock exchange announcement [1] Group 2 - UAB Merko Statyba is a well-known Lithuanian construction company that provides services in general construction, civil engineering, and residential construction [2] - AS Merko Ehitus, the parent group of UAB Merko Statyba, operates in Estonia, Latvia, and Lithuania, focusing on constructing buildings, infrastructure, and real estate development [2] - As of the end of 2024, the group employed 605 people and reported a revenue of EUR 539 million for that year [2]
Supreme court judgement in the cassation against the decision of the Latvian Competition Council
Globenewswire· 2025-12-23 14:00
With the 09.08.2021 stock exchange announcement, AS Merko Ehitus disclosed information concerning the decision of the Latvian Competition Council according to which the group's then subsidiary SIA Merks is considered one of the nine companies involved in the prohibited cooperation of Latvian construction companies during the period 2015-2019, which means a violation of Section 11(1) of the Latvian Competition Act. Latvian Competition Council does not accuse the companies in the price-fixing. The decision of ...
Investor calendar 2026
Globenewswire· 2025-12-15 06:00
Core Viewpoint - AS Merko Ehitus has outlined its financial reporting schedule for 2026, including key dates for interim and annual reports, as well as the annual general meeting for shareholders [1] Financial Reporting Schedule - The unaudited interim report for the 12 months and 4th quarter of 2025 will be published on February 5, 2026 [1] - The audited annual report for 2025 is scheduled for April 6, 2026 [1] - The unaudited interim report for the first three months of 2026 will be released on May 7, 2026 [1] - The unaudited interim report for the first half of 2026 will be available on August 6, 2026 [1] - The unaudited interim report for the first nine months of 2026 will be published on November 5, 2026 [1] Shareholder Meeting - The annual general meeting for the approval of the 2025 annual report will occur in the second quarter of 2026, with the exact time and location to be announced later [1] Company Overview - AS Merko Ehitus operates in the construction and real estate development sectors across Estonia, Latvia, and Lithuania [2] - As of the end of 2024, the company employed 605 people and reported a revenue of EUR 539 million for that year [2]
Comment on the Verslo Žinios article in Lithuania (Rudninkai Polygon Public Procurement)
Globenewswire· 2025-12-12 10:00
Group 1 - UAB Merko Statyba, part of AS Merko Ehitus, has submitted the best bid for parts B and C in the public procurement for the development of military infrastructure at the Rūdninkai polygon through a public-private partnership [1] - The Lithuanian Ministry of Defence has not yet officially published the decision on the selection of the best bidders or proposed contract conclusions, but is in the final verification process and expects to reach the contract conclusion phase within this year [2] - AS Merko Ehitus will announce the conclusion of partnership and construction agreements through the stock exchange [3] Group 2 - UAB Merko Statyba is a recognized Lithuanian construction company providing services in general construction, civil engineering, and residential construction [3] - AS Merko Ehitus operates in Estonia, Latvia, and Lithuania, employing 605 people and generating revenue of EUR 539 million for the year 2024 [3]
Construction contract in Estonia (office building in Tallinn)
Globenewswire· 2025-12-01 07:00
Core Insights - AS Merko Ehitus Eesti has signed a design and construction agreement for a new office building in Tallinn, which will be named after Viktor Masing [1] - The project involves a 13-storey, two-tower office building with a gross floor area of 27,300 m² and aims for a LEED Gold energy-efficient building certification [1] - The contract value is approximately EUR 35 million, excluding VAT, with completion expected in November 2027 [2] Company Overview - AS Merko Ehitus Eesti is a recognized Estonian construction company that provides services in general construction, civil engineering, and residential construction [2] - The group operates in Estonia, Latvia, and Lithuania, focusing on constructing buildings and infrastructure as well as real estate development [3] - As of the end of 2024, the group employed 605 people and reported a revenue of EUR 539 million for that year [3]
Launch of the Leedri apartment development project (Tartu county, Estonia)
Globenewswire· 2025-11-27 06:00
Group 1 - OÜ Merko Kodud, part of AS Merko Ehitus, is launching the first phase of the Leedri development project in Tartu municipality, which includes 144 apartments across six buildings [1][2] - The first phase will consist of two apartment buildings with a total of 48 apartments, scheduled for completion in May 2027 [1] - The three-storey apartment buildings will have an energy class A rating, with apartment sizes ranging from 44 to 102 square meters and starting prices at 2,830 euros per square meter [2] Group 2 - OÜ Merko Kodud is recognized as Estonia's leading residential real estate developer, managing all phases of development including planning, design, construction, sales, and warranty service [3] - AS Merko Ehitus operates in Estonia, Latvia, and Lithuania, employing 605 people and generating a revenue of EUR 539 million for the year 2024 [3]
Formation of a joint venture for the development of residential buildings in Krulli Quarter in Tallinn
Globenewswire· 2025-11-10 06:00
Core Points - A joint venture named Krulli Kodud OÜ has been established between OÜ Merko Kodud and AS Krulli Kvartal to develop residential buildings in the Krulli Quarter, Northern Tallinn [1] - The initial phase will involve the construction of three apartment buildings with a total of 23 apartments, with completion expected in 2027 [2] - The Krulli Quarter spans 10 hectares and plans to construct over 100,000 square meters of above-ground space, resulting in more than 600 homes and 3,000 workplaces over the next decade [3] Company Overview - OÜ Merko Kodud is recognized as Estonia's leading residential real estate developer, overseeing all development phases including planning, design, construction, sales, and warranty service [4] - AS Krulli Kvartal is transforming a former industrial site in Northern Tallinn into a modern urban area that integrates living and working spaces [5] - The Merko Ehitus group, which includes OÜ Merko Kodud, reported a revenue of EUR 539 million for 2024 and employed 605 people by the end of that year [5]
Start of the construction of the second stage of Arena Garden Towers residential project (Riga, Latvia)
Globenewswire· 2025-10-15 05:00
Core Insights - SIA Merko mājas has launched the second stage of the Arena Garden Towers residential project in Riga, featuring a 13-storey building with 80 apartments set to be completed by early 2027 [1][2] - The project incorporates energy pile technology for sustainable heating and cooling solutions, and offers a variety of apartment types, including two-storey penthouses [2][3] - The overall Arena Garden Towers project will consist of four residential buildings with approximately 400 apartments, with the first stage already seeing nearly 80% of its 84 apartments sold [3] Company Overview - SIA Merko mājas is a prominent Latvian residential developer that manages all phases of development, including planning, design, construction, sales, and warranty service [4] - The parent company, AS Merko Ehitus, operates in Estonia, Latvia, and Lithuania, employing 605 people and generating a revenue of EUR 539 million for the year 2024 [4]