News
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21.07 2020
The first building of the residential quarter “Merks Viesturdārzs” has been commissioned
The 1st stage building of the project “Merks Viesturdārzs”, located at Rūpniecības Street 25, Riga, has been commissioned for operation. This building is located closest to Viesturdārzs park and has a total of 96 apartments and 3 retail premises on the first floor of the building. The apartment sizes range from 36 to 278 square …
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20.07 2020
Lidl logistics center in Dreilini commissioned
Lidl Latvija and the construction company Merks announced the completion of the construction works and commissioning of Lidl’s logistics center at Dzelzavas street 131, Dreilini, Riga. The newly built 51 000 sq. meters large facility will serve future Lidl stores in both Latvia and Estonia. The logistics center also houses the national headquarter office for …
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17.06 2020
“Merks” will build the modern business centre “Verde” in Riga
The construction company “Merks” has entered into a contract with SIA Hanzas 14, owned by Capitalica Baltic Real Estate Fund I, for the construction of business complex Verde at Roberta Hirša street 1, Riga. The area of Verde business centre, including the underground parking lot, will comprise 45 thousand square meters, and is to become …
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07.05 2020
Merko Ehitus posted a profit of two million euros in the first quarter
In Q1 of 2020, Merko Ehitus posted revenue of EUR 56 million and a net profit of EUR 2.0 million. Construction services made up 62% and real estate development 38% of the group’s revenue. New construction contracts worth EUR 87 million in total were signed, and the volume of the secured orderbook at the end …
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20.04 2020
Merks receives three of the highest industry awards
Merks has won the highest three awards in the industry at the “Best Building of the Year in Latvia 2019” competition. This year, the award ceremony took place remotely on April 17. The “Latvia” Concert Hall and the Ventspils Secondary Music School were awarded the 1st Place in the “New Public Structure” category. The project …
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16.04 2020
“Laima” factory in Ādaži is commissioned
Construction of the new “Laima” production facility was completed on March 16, 2020, almost a month ahead of schedule. The new plant will provide at least two opportunities. Firstly, it make it possible to produce popular sweets in a modern work environment. Secondly, the plant will also provide growth opportunities, enabling extensive cooperation with other …
