News

Merko Ehitus 2022 net profit exceeds EUR 34 million

Merko Ehitus posted revenue figures of EUR 143 million for Q4 and EUR 410 million for 2022 as a whole. Compared to the same period of the previous year, net profit in Q4 increased by 27% to EUR 17.6 million and for the year as a whole, by 19% to EUR 34.6 million. In 2022, ...

Merks and Merks mājas receive top industry awards

One of the major building industry events – Latvian Annual Building Awards 2022, including the category Building Engineer of the Year in Latvia, was held yesterday, 7 March. 123 submissions were received in 10 different categories and 40 best industry specialists were nominated. “The past year has been busy and eventful. A number of important projects ...

Topping out ceremony at Merks Magnolijas – the latest project by Merks

On 4 November, the construction company Merks celebrated the topping out ceremony at the Merks Magnolijas residential project to honour the commencement of the final phase of construction. This is Merks’ first residential project in Pārdaugava and its first stage will consist of two 3-storey buildings with 96 apartments in total. The project is scheduled to be ...

Free Cross-Country Ski Track “Merks Green Track” Opens in Zakusala, Riga

The construction company “Merks” has opened a free activity track “Merks Green Track” in Zakusala, Riga, which will serve as a cross-country ski track in winter and other seasonally appropriate activities in the rest of the year. Ski equipment rental will also be available on the new track. “Merks Green Track” is located on one ...

Topping out ceremony for the new kindergarten at Liedaga Street 6

On Thursday, 8 December, leaders of Liepāja State City Council attended the symbolic topping out ceremony and congratulated the builders of the new kindergarten at Liedaga Street 6. The building is scheduled to be completed in the summer of 2023. As per the tradition, a wreath of evergreens was hoisted on the ridge of the roof of ...

Elemental Skanste to become the first building in Latvia rated Outstanding by BREEAM

Following redesign, the office building project Elemental Skanste being constructed in the Skanste neighbourhood of Riga has undergone a series of changes and research with the key aim of becoming BREEAM Outstanding certified upon completing the construction. It is thus to become the first building in Latvia with such a high rating. The Elemental Skanste ...

The legendary House of Benjamins accommodates Ukrainians

For several months now, the historic House of Benjamins has become home for Ukrainian refugees who need a temporary place of stay in Riga. This has been made possible by the real estate developer Kapitel and the construction company Merks, along with support from the initiative “I Want to Help Refugees”. The 19th-century architectural monument ...

25 years in Latvia – construction company Merks celebrates milestone anniversary

September marks the 25th anniversary of the construction company Merks in Latvia in 1997. In total, the company has completed more than 150 different construction projects, including housing for more than 2,200 families and buildings under construction. Over 25 years, Merks has become one of the industry leaders in Latvia and its name has become synonymous ...

Apartments in Stage 3 Residential House Project “Merks Viesturdārzs” is Now for Sale

Booking of apartments in the third and final stage of the residential house project “Merks Viesturdārzs” situated at Rūpniecības Street 33, Riga, has started. 90 apartments and 4 commercial premises were constructed during stage three. The project is expected to be finalised at the end of 2023. “Merks Viesturdārzs” is the largest residential block in ...