Latvia

  • 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 …

  • Lidl commence construction of logistics centre in Latvia

    Today, on 19 October, Lidl, one of the largest retailers in Europe, and the construction company “Merks” officially commence the construction of the Lidl logistics centre in Latvia. Planned investments in the development of the logistics centre exceed 55 million euro. The company, which aims to offer consumers high quality products at the lowest possible …

  • “Merks” as the first general constructor has been assessed with BIM basic competency

    Building Industry Digitalization Association has assessed the company “Merks” experience and processes for working in the Building Information Modelling environment (BIM), assigning, as for the first of general constructors, the level of BIM basic competency. Building information modelling becomes more significant for successful object designing, work scheduling, estimation and construction work performance, allowing significantly reduce …

  • “Skanstes Parks” – the most energy efficient apartment building in Latvia

    The building at 12 Grostonas street  within the project “Skanstes Parks” won the first place in the contest ”The Most Energy Efficient Building in Latvia” in the nomination the residential new building. The construction company “Merks” that was in charge of the project “Skanstes Parks” development and construction  took into account highest quality standards to …

  • Construction volumes’ growth of Merko Ehitus in Q1 of 2018 on par with expectations

    Sales revenue of Merko Ehitus in Q1 of 2018 grew to EUR 80.3 million, bolstered by the pre-existing portfolio of construction contracts. The group’s net profit was EUR 1.1 million. In the first quarter, Merko companies signed new construction contracts worth EUR 22 million and the secured order book stood at EUR 292 million. “Considering …

  • “Skanstes Parks” and “Relais le Chevalier” receive the highest awards in the competition “The Best Building of a Year in Latvia 2017”

    In the competition “The Best Building of a Year in Latvia 2017” buildings of the 2nd stage in project “Skanstes Parks” gave received the 1st place in category “New Residential Building”, while hotel “Relais le Chevalier” in Kaļku Street 20 got the 3rd place in the category “Reconstruction”. “Every new, challenging building provides for the …