News
“Merks” receives highest industry awards
Confirming its expertise and professionalism in implementing high quality residential projects, the construction company “Merks” has received two highest industry awards in the contest “Latvia’s Building of the Year 2018”. In the first-ever “Innovations” category of the contest, the design of the project “Merks Viesturdāzs” was awarded with the highest acknowledgement. The design of the ...
Multi-functional centre Akropole has been commissioned
One of the most ambitious construction projects in Latvia, multi-functional centre Akropole has been commissioned a year and ten months after the commencement of construction works. Totalling to 98 000 m2 of indoor space, the building offers about 9000 m2 of office premises. The remaining area houses over 140 shops, about 30 cafés and restaurants, an ...
2018 sales revenue of Merko Ehitus above EUR 400 million mark
Merko Ehitus posted revenue of EUR 119.2 million in Q4 of 2018 and the 12-month revenue figure was EUR 418 million. The group’s net profit for Q4 of 2018 was EUR 7 million and the 12-month net profit was EUR 19.3 million. Both the 12-month revenue as well as net profit grew by 32%, compared ...
Topping out celebration for extension of Alfa shopping centre
We have celebrated the topping out of the extension of Alfa shopping centre in Riga. The extension will add 30,000 sqm to Alfa shopping centre, taking the total area to more than 100,000 sqm and increasing the number of tenants to 250 from the current 170. The second new building – multi-storey parking house, which ...
“Merks” Commences the 2nd Stage Construction for the Project “Gaiļezera nami”
Construction company “Merks” has commenced the 2nd stage construction for the project “Gaiļezera nami”, within which before beginning of 2020 in Mežciems will be constructed three new 9-storey buildings with 96 apartments in total and well-established area. “We assess the market potential for new apartments in Riga as good. The request for modern apartments ...
Commenced Reconstruction Works for Substation Ķegums HES-2
Construction company “Merks” has commenceds reconstruction works for substation “Ķeguma HES-2”. The agreement concluded with AS “Augstsprieguma tīkli” provides a gradient dismantling of existing 110 KV equipment, installing instead new, modern and environment friendly equipment. “In order to provide a continuity in the substation work, we will perform the reconstruction in three stages, gradually ...
Construction of new residential project “Merks Viesturdārzs” has started
Construction company “Merks” has started construction of a new residential district in Riga, Rūpniecības street 25. The project “Merks Viesturdāzs” features construction of three 5–7 floor apartment buildings with 350 apartments. It is expected that the first building with 95 apartments, located closest to the park, will be commissioned in the first quarter of 2020. ...
“Merks” supports cross-country skier Patrīcija Eiduka
We at “Merks” believe that the talent is best improved by team efforts – learning from each other every day, sometimes competing and setting new goals together. This applies both to work and to sports. That is why we have become supporter of the young Latvian cross-country skier Patrīcija Eiduka so that Patrīcija could continue ...
Merko Ehitus sales revenue and profit continued growth in Q3
Merko Ehitus Group posted revenue of EUR 115 million in Q3 and the nine-month figure was EUR 299 million. The group’s net profit in Q3 increased to 5.6 million and the nine-month net profit amounted to EUR 12.3 million. This year, Merko Ehitus has launched nine new residential development projects with a total of 840 ...
New Members of the Council and Management Board of SIA “Merks” are confirmed
Jānis Šperbergs, the current Member of the Management Board of SIA “Merks” and construction director, is confirmed as the Member of the Council of the company, but his former deputy Andris Bišmeistars is confirmed as the Member of the Management Board of SIA “Merks” and construction director. „We see that the contribution of “Merks” to ...