News
Topping out ceremony in the final stage of “Merks Viesturdārzs”
Real estate developer “Merks mājas” celebrates the topping out ceremony in Stage 3 of “Merks Viesturdārzs”, celebrating the achievement of the building’s highest point and shaping of the full image of the project. The construction of the largest residential block in the Silent Centre started in 2018. Today, five years later, the topping out ceremony ...
Merko Ehitus revenue and net profit sees growth in Q1 of 2023
Q1 2023 revenue for Merko Ehitus was EUR 76 million, representing 11% growth compared to the same period a year ago. Net profit for the first quarter was EUR 5.9 million – nearly double that of Q1 2022. Merko delivered 145 apartments to new homeowners in Q1. “Despite the good profit growth in Q1, we ...
Merko Ehitus 2022 net profit exceeds EUR 34 million
Merko Ehitus posted revenue figures of EUR 143 million for Q4 and EUR 410 million for 2022 as a whole. Compared to the same period of the previous year, net profit in Q4 increased by 27% to EUR 17.6 million and for the year as a whole, by 19% to EUR 34.6 million. In 2022, ...
Merks and Merks mājas receive top industry awards
One of the major building industry events – Latvian Annual Building Awards 2022, including the category Building Engineer of the Year in Latvia, was held yesterday, 7 March. 123 submissions were received in 10 different categories and 40 best industry specialists were nominated. “The past year has been busy and eventful. A number of important projects ...
Topping out ceremony at Merks Magnolijas – the latest project by Merks
On 4 November, the construction company Merks celebrated the topping out ceremony at the Merks Magnolijas residential project to honour the commencement of the final phase of construction. This is Merks’ first residential project in Pārdaugava and its first stage will consist of two 3-storey buildings with 96 apartments in total. The project is scheduled to be ...
Free Cross-Country Ski Track “Merks Green Track” Opens in Zakusala, Riga
The construction company “Merks” has opened a free activity track “Merks Green Track” in Zakusala, Riga, which will serve as a cross-country ski track in winter and other seasonally appropriate activities in the rest of the year. Ski equipment rental will also be available on the new track. “Merks Green Track” is located on one ...
Topping out ceremony for the new kindergarten at Liedaga Street 6
On Thursday, 8 December, leaders of Liepāja State City Council attended the symbolic topping out ceremony and congratulated the builders of the new kindergarten at Liedaga Street 6. The building is scheduled to be completed in the summer of 2023. As per the tradition, a wreath of evergreens was hoisted on the ridge of the roof of ...
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 ...