Start of construction of the second stage of Pikaliiva residential project (Tallinn, Estonia) Attachments

Merko Ehitus
Company Announcement

Start of construction of the second stage of Pikaliiva residential project (Tallinn, Estonia)

AS Merko Ehitus Eesti, part of AS Merko Ehitus group, has started the construction of the second stage of Pikaliiva residential development project. The completion of 50 apartments in two buildings located at Pikaliiva 22 and Kaaruti 8 is scheduled for spring 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 will be completed in autumn 2019.

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 33-84 square metres and the price per square metre ranges from 1,892 to 2,550 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 [phone].

Priit Roosimägi
Head of Group Finance Unit
AS Merko Ehitus
[phone]
[e-mail]

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.