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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]