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]