News
Merko Ehitus posts revenue of EUR 266 million and net profit of EUR 17 million for first nine months of 2022
Revenue for Merko Ehitus amounted to EUR 110 million in Q3 2022 and the revenue for the first nine months of the year to EUR 266 million, while figures for net profit stood at EUR 9.8 million in Q3 and EUR 17 million for nine months. During the first nine months of this year, Merko ...
Elemental Skanste to become the first building in Latvia rated Outstanding by BREEAM
Following redesign, the office building project Elemental Skanste being constructed in the Skanste neighbourhood of Riga has undergone a series of changes and research with the key aim of becoming BREEAM Outstanding certified upon completing the construction. It is thus to become the first building in Latvia with such a high rating. The Elemental Skanste ...
The legendary House of Benjamins accommodates Ukrainians
For several months now, the historic House of Benjamins has become home for Ukrainian refugees who need a temporary place of stay in Riga. This has been made possible by the real estate developer Kapitel and the construction company Merks, along with support from the initiative “I Want to Help Refugees”. The 19th-century architectural monument ...
25 years in Latvia – construction company Merks celebrates milestone anniversary
September marks the 25th anniversary of the construction company Merks in Latvia in 1997. In total, the company has completed more than 150 different construction projects, including housing for more than 2,200 families and buildings under construction. Over 25 years, Merks has become one of the industry leaders in Latvia and its name has become synonymous ...
Apartments in Stage 3 Residential House Project “Merks Viesturdārzs” is Now for Sale
Booking of apartments in the third and final stage of the residential house project “Merks Viesturdārzs” situated at Rūpniecības Street 33, Riga, has started. 90 apartments and 4 commercial premises were constructed during stage three. The project is expected to be finalised at the end of 2023. “Merks Viesturdārzs” is the largest residential block in ...
GUSTAVS Business Center holds the topping out ceremony
On August 25, real estate developer GALIO GROUP together with the partners – construction company Merks, SEB Global Services centre in Riga and architect office Vilnis Mičulis, held a topping out for the future GUSTAVS Business Center. Celebrating the start of the final stage of construction, the rafters of the new building were decorated with ...
Merko Ehitus posts H1 revenue of EUR 156 million and net profit of EUR 7.2 million
Revenue for Merko Ehitus was EUR 88 million in Q2 2022, and EUR 156 million in H1 2022, while the respective figures for net profit were EUR 4.2 million and EUR 7.2 million. This year, Merko has delivered 214 apartments to buyers and a number of development projects will be completed in the second half ...
In its dispute with Salaspils District Council, Merks is trying to find a solution in court
After making a number of futile attempts to resolve its dispute with Salaspils District Council regarding a kindergarten construction contract, Merks Construction Company has filed a lawsuit. The construction of the Salaspils kindergarten was due to be completed in January this year, but construction work has been delayed due to shortcomings in the construction project ...
A Time Capsule Immured in Merks Magnolijas – the Most Recent Merks’ Project
On Tuesday, July 19th a time capsule was immured in Merks Magnolijas – the most recent Merks’ project with a message for the next generations. The project is located in a quiet green area at Sampeteris, Skrines iela 6. In the first phase of the project two 3-storey buildings with 96 apartments will be built. Project completion ...
Merks Kickstarts the Construction and Sale of Apartments at Its First Residential Building Project in Pardaugava
Merks Magnolijas is the very first project that Merks construction company is developing in Pardaugava. It will be located at Sampeteris, Skrines iela 6. In the first phase of the project 2 energy efficient 3-storey buildings with 96 apartments will be built with completion planned for the summer of 2023. Merks construction company is responding to ...