Start of construction of the first stage of Lahekalda residential project (Tallinn, Estonia)
AS Merko Ehitus Eesti, part of AS Merko Ehitus group, has started the construction of the first stage of Lahekalda residential development project in Tallinn. The first stage includes three 5-storey buildings with 144 apartments, which are to be completed by the autumn of 2020.
Lahekalda residential quarter is located on the beautiful Maarjamäe limestone cliff, on the boarder of Tallinn city center, Pirita and Lasnamäe districts. The development project comprises in total of ca twenty-five new residential buildings with more than a thousand apartments, which will be built in next ten years.
The first stage includes apartment buildings at Paekalda 22, Paekalda 24 and Paekalda 24a. Apartments will be located on the second to fifth floor, first floor will be for storage rooms and
covered car parking spaces.
Lahekalda residential buildings will be of energy class B. There will be playgrounds and recreation areas in the landscaped courtyards and parking spaces and new intra-quarter roads constructed around the buildings.
The size of the apartments ranges between 31–93 square metres and the price per square metre ranges from 2,027 to 2,964 euros.
AS Merko Ehitus Eesti (merko.ee) 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. Tiit Kuusik, Director of Real Estate Development Division of Merko Ehitus Eesti, phone +372 680 5105.
Head of Group Finance Unit
AS Merko Ehitus
+372 650 1250
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 operating on the Lithuanian market, and the Norwegian construction company Peritus Entreprenør AS. Besides provision of construction service as a main contractor, the group’s other major area of activity is apartment development. As at the end of 2018, the group employed 764 people, and the group’s revenue for 2018 was EUR 418 million.