OREANDA-NEWS. In January 2015, AS Merko Ehitus launches and starts the construction of the first phase of the Tartu mnt 52 development project in Tallinn city centre (a total of five apartment buildings). The first phase of the project includes three apartment buildings (approximately 100 apartments) and the underground garage, connecting the whole development area. The new buildings will be located next to Tartu mnt 50a business- and residential buildings, completed in 2012, where Merko has sold 93 apartments.

The Tartu mnt 52 development project comprises of five apartment buildings at Tartu mnt 52 and Lastekodu 23, with business premises on the ground floor. The energy efficiency of the apartments is guaranteed by water underfloor heating and heat recovery ventilation; the balconies will be fully glassed. Due to the location in the city centre, special attention has been paid to the soundproofing of the buildings. There is a two-level safe and heated underground parking garage, through which the five apartment buildings are connected. The architect of the apartment buildings is Mr. Martin Aunin, the interior finishing solutions are created by interior architects Mr. Eerik Olle and Mr. Ahti Peetersoo. The price per square metre of the apartments in the development project ranges from 2,130–3,180 euros. 

The gross area of the first phase of the development project (three buildings and underground garage, connecting the whole development area) is approximately 15 thousand square metres and the total value of the development is ca EUR 15 million.

Merko has built and developed apartments for thousands of families. To ensure the best quality and convenience for homebuyers, we manage all phases of the development: planning, design, construction, sales and service during the warranty period.

AS Merko Ehitus comprises the leading Estonian construction company AS Merko Ehitus Eesti, the Latvian market based SIA Merks and the Lithuanian market based UAB Merko Statyba as well as the group’s real estate development business unit together with companies holding real estate properties. As at the end of 2013, the group employed 860 people and the 2013 revenue amounted to EUR 262.7 million.