Start of construction of the third stage of Pikaliiva residential project (Tallinn, Estonia)AS Merko Ehitus Eesti, part of AS Merko Ehitus group, has started the construction of the third stage of Pikaliiva residential development project. The completion of 66 apartments in two buildings located at Kaaruti 5 and Kaaruti 6 is scheduled for autumn 2020.
Pikaliiva residential buildings (merko.ee/pikaliiva) are located in Tallinn Haabersti District close to Lake Harku. The development project comprises ten four-storeyed residential buildings. Two houses of the first stage with 66 apartments are completed and two houses of the second stage with 50 apartments will be completed in spring 2020. The buildings have energy class B rating. Parking spaces will be built around the houses, greenery and children’s playground will be created in the interior courtyards. The size of the apartments ranges between 34–84 square metres and the price per square metre ranges from 2,006 to 2,460 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. 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 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.
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