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]