UAB Merko Būstas, part of AS Merko Ehitus group, has started the construction of the third stage of the Vilneles Skverai residential project (merko.lt/vilnelesskverai/), located on the outskirts of the Old Town of Vilnius. The new stage includes eight apartment…
The net value (NAV) of EfTEN Real Estate Fund III AS shares was 20.1625 euros as of 31.08.2022. The net value of the EPRA share (EPRA NRV – accounting net value without taking into account the deferred income tax liability…
On 31.08.2022, the Tallinn City Government initiated the detailed planning of the plot belonging to Arco Vara subsidiary Kodulahe II OÜ, located at Soodi 6. The purpose of the detailed plan is to assign building rights to the property with…
The net asset value (NAV) of EfTEN Real Estate Fund III AS was 20.0053 euros as of 31.07.2022, increasing by 0.7% in July. The net value of the EPRA share (EPRA NRV – accounting net value without taking into account…
GROUP CEO’S REVIEW In the second quarter, we reached the moment every real estate developer is waiting for once again, being able to commence the handover of completed homes to our clients in Kodulahe Kvartal, the sales revenue of 41…
AS Merko Ehitus Eesti, part of AS Merko Ehitus group, has decided to launch the fourth stage of Erminurme residential development project in Tartu Parish. The stage includes three buildings at Erminurme Road 14, Erminurme Road 18 and Erminurme Road…
SIA Merks Mājas, part of AS Merko Ehitus group, has started the construction of the third stage of Merks Viesturdārzs residential project in the city centre of Riga. Articulated building of five to seven storeys at Rūpniecības St. 33 with…
SIA Merks Mājas, part of AS Merko Ehitus group, has started the construction of the first stage of Merks Magnolijas residential project in Pārdaugava area in Riga. Two three-storey buildings at Skrines St. 6 and 8 with 96 apartments will…
GROUP CEO’S REVIEW The first quarter of this year brought important changes to the Arco Vara group – we founded a construction contracting company Arco Tarc OÜ. This company provides services to the developments of Arco Vara with the main…
GROUP CEO’S REVIEW In the field of real estate that became volatile in 2021, Arco Vara’s collective was able to secure more than 40,000 m2 of new development volumes which will provide the Company with a solid foundation for the next…
On 18 February 2022, AS Merko Ehitus Eesti, part of AS Merko Ehitus group, and OÜ Tiigiveski Arendus, part of AS Kapitel group, have entered into a contract to perform above-grade construction works of Liivalaia quarter, renamed Arter quarter at…
GROUP CEO’S REVIEW Due to the cyclical nature of real estate development, Q4 of 2021 had a predictably low sales volume and the focus was on preparing new projects. Across 12 months, the current team of Arco Vara has raised…
COMMENTARY FROM MANAGEMENT Fourth-quarter revenue for Merko Ehitus was EUR 112.8 million and net profit for the same period was EUR 13.9 million. The revenue for the 12 months of 2021 grew by 7% compared to the previous year to…
MANAGEMENT REPORT CEO summary The third quarter of this year has been very dynamic, with amazing results in sales activities and exceeding expectations when signing presale agreements, but it has been also challenging in development activities due to changes in…
The net asset value (NAV) of EfTEN Real Estate Fund III AS as of 31.10.2021 was 18.1929 euros, increasing by 0.8% during October. The net asset value of the EPRA share (net book value excluding the deferred income tax liability…
