News
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 ...
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 ...
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 ...
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. ...
2020 net profit for Merko Ehitus grows to EUR 23 million
Merko Ehitus posted revenue of approximately EUR 106 million for Q4 2020, while total revenue for the whole year was EUR 316 million. The group’s Q4 2020 net profit was EUR 10 million and its annual net profit grew over 40%, amounting to EUR 23 million. In coordination with the supervisory board, the group’s management ...
“Merks” ranks 3rd among the largest developers and introduces its new brand, “Merks mājas”
In 2020, “Merks” construction company rose to the 3rd position on the list of real estate developers, having sold 24.7 million euros worth of apartments in new projects, as evidenced by the “Market review of new and renovated apartments in Riga and Pieriga 2020” by “Colliers” real estate consulting company. In order to enhance awareness ...
“Merks” begins the construction and apartment reservation of “Merks Mežpilsēta” residential project
The construction company “Merks” has started the construction and reservation of apartments of a new residential project “Merks Mežpilsēta” at Hipokrāta street 24, Riga. Within the framework of the first project stage, three 5-story buildings with 117 apartments will be built. It is planned to complete the construction of the buildings by the end of ...
The cornerstone for the new kindergarten has been laid in Salaspils
Today, the cornerstone was laid for the new ,now the seventh, pre-school educational institution of Salaspils region, by embedding a so-called time capsule with a message for future generations in the foundations of the future building. Salaspils municipality signed an agreement on the construction of a kindergarten with the construction company “Merks” in October. “Our ...
“Merks” begins the second stage construction and apartment reservation of the residential project “Merks Viesturdārzs”
The construction company “Merks” has begun the second stage construction of the residential project “Merks Viesturdārzs” and reservation of apartments. Within this project, one building with 167 apartments and 7 commercial units will be constructed at Rūpniecības street 27, in Riga. The second stage is expected to be completed by the first half of 2022. ...
Merko Ehitus grew its revenue and net profit in Q3
In Q3 2020, Merko Ehitus posted revenue of EUR 79.7 million and a net profit of EUR 4.9 million, representing growth of 8.6% and 92%, respectively, compared to the previous year. The group’s 9-month revenue amounted to EUR 209 million and net profit to EUR 13.1 million. In 9 months, Merko sold 534 apartments. “The ...