Published: 2018-09-25 07:55:00 CEST
Merko Ehitus
Company Announcement

Start of the construction of Tähepargi residential development project 2nd stage (Tartu, Estonia)

AS Merko Ehitus Eesti, part of AS Merko Ehitus group, has started the construction of Tähepargi residential development project’s second and final stage, located at Päeva 5, Pargi 13 and Pargi 15 in Tartu. The second stage comprises three residential buildings with a total of 19 apartments. The buildings will be completed in autumn 2019.

Tähepargi energy class B residential buildings ( have 2–3 storeys and 6–7 apartments in each building. Car park will be built on an underground level. Green areas and a children’s play area will be created in the courtyards of the quarter.

The size of the apartments of the second stage ranges between 39–107 square metres and the price per square metre ranges from 2,750 to 3,300 euros.

AS Merko Ehitus Eesti ( is Estonian leading construction company, which offers construction services in general construction, civil engineering, road, electrical and residential construction. To ensure the best quality and convenience for home buyers, Merko manages all phases of the development: planning, design, construction, sales and service during the warranty period.

Additional information: Mr. Juhan Varik, Head of South Estonia Division of Merko Ehitus Eesti, phone +372 680 5105.

Priit Roosimägi
Head of Group Finance Unit
AS Merko Ehitus
+372 650 1250

AS Merko Ehitus ( group consists of Estonia’s leading construction company AS Merko Ehitus Eesti, the Latvian-market-oriented SIA Merks, UAB Merko Statyba that is operating on the Lithuanian market, Peritus Entreprenør AS construction company in Norway and the real estate development business unit along with real estate holding companies. As at the end of 2017, the group employed 757 people and the company’s 2017 revenue was EUR 317.6 million.