Latvia

  • Ventspils Secondary School of Music and Concert Hall “Latvia” have been commissioned

    On 5th of June the State Construction Control Bureau signed the act on the acceptance for operation of the new Ventspils Secondary School of Music and Concert Hall “Latvia”. The design of the building was developed by the architect bureau “Haascookzemmrich Studio 2050”, represented by the German architect David Cook, and the construction works were …

  • Highly appraised energy efficiency of “Merks Gaiļezera nami”

    In the contest “Latvia’s Most Energy Efficient Building 2019” the project “Merks Gaiļezers nami” in Mežciems, Gailezera Street 15, got 2nd place in the category “Multiapartment Building – New Building”. The first-stage houses of the project were placed in service in 2018 and various modern solutions for high energy efficiency have been used in their …

  • Capsule enclosed in foundations of “Merks Viesturdārzs”

    On this day, a symbolic foundation stone for successful construction works will be enclosed in the foundations of the residential project “Merks Viesturdāzs” in the form of a capsule, holding a message to future generations about  the project. “We see how this special, but not yet organized spot in Riga, between Andrejosta and the Quiet …

  • Merko Ehitus Q1 profit grew to EUR 2.8 million

    In Q1 of 2019, Merko Ehitus posted revenue of EUR 77 million and net profit of EUR 2.8 million. The number of apartments delivered to buyers in Q1 of this year grew more than 20% year-over-year. “Nearly 4% decrease in revenue in the first quarter was expected, considering the trend of decreasing construction orders on …

  • Topping out celebration for “Merks Gaiļezera nami”

    The topping out celebration for the residential project “Merks Gaiļezera nami” has marked reaching the peak and completing construction of the structural scope of the building. All buildings of the second stage of the project have already acquired their full shape, and this concludes a significant stage of the works. Construction of the second stage …

  • SIA Merks sings a contract to build “Laima” factory

    Construction company “Merks” has signed a contract with SIA “Orkla Confectionery & Snacks Latvija” for the construction of a new “Laima” factory in Ādaži, Laimas Street 6. The total amount of the contract is EUR 8.9 million and construction will start in April this year. “We are very pleased to sign this contract, because the …

  • SIA 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 9,000 m² of office premises. The remaining area houses over 140 shops, about 30 cafés and restaurants, an …

  • 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 …

  • 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 …