News
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 ...
GUSTAVS Business Center holds the topping out ceremony
On August 25, real estate developer GALIO GROUP together with the partners – construction company Merks, SEB Global Services centre in Riga and architect office Vilnis Mičulis, held a topping out for the future GUSTAVS Business Center. Celebrating the start of the final stage of construction, the rafters of the new building were decorated with ...
Merko Ehitus posts H1 revenue of EUR 156 million and net profit of EUR 7.2 million
Revenue for Merko Ehitus was EUR 88 million in Q2 2022, and EUR 156 million in H1 2022, while the respective figures for net profit were EUR 4.2 million and EUR 7.2 million. This year, Merko has delivered 214 apartments to buyers and a number of development projects will be completed in the second half ...
In its dispute with Salaspils District Council, Merks is trying to find a solution in court
After making a number of futile attempts to resolve its dispute with Salaspils District Council regarding a kindergarten construction contract, Merks Construction Company has filed a lawsuit. The construction of the Salaspils kindergarten was due to be completed in January this year, but construction work has been delayed due to shortcomings in the construction project ...
A Time Capsule Immured in Merks Magnolijas – the Most Recent Merks’ Project
On Tuesday, July 19th a time capsule was immured in Merks Magnolijas – the most recent Merks’ project with a message for the next generations. The project is located in a quiet green area at Sampeteris, Skrines iela 6. In the first phase of the project two 3-storey buildings with 96 apartments will be built. Project completion ...
Merks Kickstarts the Construction and Sale of Apartments at Its First Residential Building Project in Pardaugava
Merks Magnolijas is the very first project that Merks construction company is developing in Pardaugava. It will be located at Sampeteris, Skrines iela 6. In the first phase of the project 2 energy efficient 3-storey buildings with 96 apartments will be built with completion planned for the summer of 2023. Merks construction company is responding to ...
Residential Housing Project “Merks Duntes Zīles” Has Been Commissioned
The residential housing project “Merks Duntes Zīles” located at Pededze Street 3, Riga, has been commissioned. Modern four- and five-storey buildings with 84 apartments and wide arranged territory were built within the framework of the project. Almost all, i.e., 85% of project’s apartments, have been booked. “We are glad that the project has been completed ...
The most advanced biscuit production plant in North Europe to be ready soon: a time capsule has been laid
Today, May 11, a special time capsule was laid in the foundations of Orkla Biscuit Production plant to leave a message for the generations to come. Participating in the ceremony were Orkla Group Executive Vice President Ingvill Tarberg Berg, Orkla Biscuit Production CEO Johan Uddin, Minister of Economy of Republic of Latvia Jānis Vitenbergs, Head ...
Merko Ehitus earns EUR three million net profit in Q1
Revenue for Merko Ehitus in Q1 2022 grew to EUR 68 million, operating profit amounted to EUR 3.7 million and net profit to EUR 3 million. In the first quarter, Merko delivered 126 apartments to buyers and the construction of 1,700 apartments is now under way. “The situation on the construction market continues to be ...