Estonian construction concern AS Merko Ehitus group informed the Tallinn Stock Exchange of getting a EUR 15 million contract in Lithuania.
In a building site
© DELFI / Tomas Vinickas

On 19 December, Merko Statyba UAB, which is a part of AS Merko Ehitus group, entered into a joint contract with Prodo UAB and Baltic Petroleum UAB, to perform the construction works of residential complex with office premises at Algirdo str. 42/Kauno str. 16 in Vilnius. Under the contract, Merko Statyba will build a whole new block consisting of 9 buildings with common underground parking, with the total gross area of over 41,000 m˛.

The value of the contract is approximately EUR 15 million, plus value added tax. The start of construction works is scheduled in January 2015 and the completion is scheduled for beginning of 2017.

AS Merko Ehitus comprises the leading Estonian construction company AS Merko Ehitus Eesti, the Latvian market based SIA Merks and the Lithuanian market based 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.

Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

Higher oil prices boost inflation

Annual inflation accelerated to 2.9% in October compared to 2.4% in September. On a monthly basis...

Railsbank opens new office in Lithuania

Railsbank, a leading UK-based open-banking and RegTech platform, has opened a new office in Vilnius,...

Reduced Klaipėda seaport charges for container ships to boost the development of shipping

In order to create more favorable conditions for container ships, entering the Klaipėda seaport, the...

A digital creative agency has come up with the idea of how to attract more tourists to Vilnius

The Gediminas Castle, the Hill of Three Crosses and Užupis are probably the most popular tourist...

The future of real estate industry is here already

The Fourth Industrial Revolution (4IR) is already affecting every corner of economy and our lives, and...