Latvia
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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“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 …
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Construction company “Merks” is entrusted with the construction of “Lidl” logistics centre in Riga
Retail company “Lidl” and construction company “Merks” have concluded a contract on the construction of a new logistics centre in Riga, on Ulbrokas Street. The contract stipulates the construction of a 47,000 m² logistics centre by investing 42.5 million euros plus value added tax. Marius Kybartas, Chairman of the Board of SIA “Lidl Latvia”: “Today …
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Merko Ehitus revenue and net profit in both Q2 and first half-year higher than last year
Merko Ehitus posted higher revenue and net profit figures for Q2 and first six months compared to last year. Revenue in Q2 was EUR 103.3 million and in first half-year EUR 183.7 million; Q2 net profit was EUR 5.6 million and 6-month net profit EUR 6.7 million. The group earned over half of its 6-month …
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“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 …