Published: 2018-11-29 08:30:00 CET
Merko Ehitus
Company Announcement

Start of construction of Merks Viesturdārzs residential project (Riga, Latvia)

SIA Merks, part of AS Merko Ehitus group, has started the construction of Merks Viesturdārzs residential project in the city center of Riga. The project consists of three residential buildings with around 350 apartments in total, the first building with 96 apartments at Rūpniecības street 25 will be completed in the first half of 2020.  

Merks Viesturdārzs (www.merksviesturdarzs.lv) buildings will have energy class A. Each apartment will have a balcony or terrace. There will be kids’ playground in the yard and underground parking with a possibility to install a charging point for electric cars. The size of apartments ranges from 36–42 square metre studios to spacious 100–140 square metre four-room and 130 square metre two-storey apartments. The price per square metre ranges from 2,400 to 3,200 euros.

SIA Merks (www.merks.lv) is a Latvian construction company, which offers construction services in the fields of general construction, civil engineering and residential construction. SIA Merks is one of the leading residential real estate developers in Latvia. The company has built more than 1000 apartments in Latvia.

Additional information: Mr. Oskars Ozoliņš, Chairman of the Management Board of SIA Merks, phone +371 6737 3380.

Priit Roosimägi
Head of Group Finance Unit
AS Merko Ehitus
+372 650 1250
priit.roosimagi@merko.ee

AS Merko Ehitus (group.merko.ee) 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.

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