News
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14.09 2021
Appealing the decision of the Latvian Competition Council
With the 09.08.2021 stock exchange announcement, AS Merko Ehitus released information concerning the decision of the Latvian Competition Council regarding group’s subsidiary SIA Merks. SIA Merks considers the conclusions of the Latvian Competition Council concerning SIA Merks’ business practices to be unfounded and unsubstantiated, both factually and legally. Today, on 13.09.2021 SIA Merks and AS …
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02.09 2021
Kapitel and Merks signed an agreement for the construction of the Elemental Skanste office buildings
Kapitel and Merko/Merks signed a nearly EUR 49 million contract for the construction of the Elemental Skanste office buildings in the Skanste district of Riga. Two interconnected 10-storey buildings will be completed in the spring of 2023. Kapitel’s total investment in the development of the office building is approximately 60 million euros. “Elemental Skanste project …
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09.08 2021
The decision of the Latvian Competition Council regarding SIA Merks
On 9th of August 2021, SIA Merks, a subsidiary company of AS Merko Ehitus, received the decision of the Latvian Competition Council regarding the company in the administrative proceeding, started in 2019. Group has disclosed the information about the proceedings with 04.09.2019 Stock Exchange announcement, in the annual and interim reports. According to the 30 …
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03.08 2021
Construction company Merks selected to build first building of GUSTAVS Business Center
Real estate developer GALIO Group has signed a contract with construction company Merks to construct a brand new GUSTAVS Business Center building with a total area of 23’500 square meters including underground parking. It will be the first of three GUSTAVS Business Center buildings located at Gustava Zemgala gatve 73 and is the first project …
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06.05 2021
Merko Ehitus experiences increase in sales revenue and profit for Q1 2021
In Q1 2021, Merko Ehitus posted sales revenue of 60 million euros and net profit of 3.4 million euros, increasing by 7% and 67%, respectively, compared to the previous year. In three months, Merko sold 90 apartments and started construction of more than 560 apartments. The volume of the secured order book and new contracts …
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27.04 2021
Merks starts construction of “Merks Duntes Zīles” and apartment reservation
The construction company Merks has started work on the new residential project Merks Duntes Zīles in Riga, Pededzes iela 3, along with apartment reservation. Two buildings are envisaged within the framework of the project, a four-storey and a five-storey, with a total of 84 apartments. The buildings are expected to be completed by May 2022. …