Construction contract in Estonia (below grade construction works of Liivalaia business and residential complex, Tallinn) On 8 February 2021, AS Merko Ehitus Eesti, part of AS Merko Ehitus group, and OÜ Tiigiveski Arendus, part of AS Kapitel group, have entered…
On 3 February 2021, OÜ Marsi Elu, a company belonging to the AS Pro Kapital Grupp group, and Oma Ehitaja AS signed a contract for the construction of three five-storey building complexes (hereinafter Kindrali Houses) located in Kristiine City, in Tondi.…
Kodusadam OÜ, a joint venture of AS Merko Ehitus Eesti and AS BLRT Grupp, has decided to launch a new real estate development project (merko.ee/vesilennuki) in Noblessner seafront quarter, which comprises in total of five residential buildings with 161 apartments…
AS Merko Ehitus Eesti, part of AS Merko Ehitus group, has decided to launch the Nõmme 328 residential development project in Tallinn. The building with 38 apartments and 6 commercial spaces will be completed in summer of 2022. The Nõmme…
SIA Merks, part of AS Merko Ehitus group, has started the construction of the second stage of Merks Viesturdārzs residential project in Riga. The new stage includes one building with 167 apartments and 7 commercial units, which are to be…
EfTEN SPV19 OÜ, a subsidiary of EfTEN Real Estate Fund III AS, signed a contract under the law of obligations to acquire a property located at Hunditubaka tee 12 / Karukella tee 5 in Tallinn from OÜ Arca Varahaldus. By…
GROUP CEO’S REVIEW We can consider the Q3 2020 positive. The sales recovery turned out to be faster than expected, which confirms that Arco Vara’s developments meet the expectations of our clients. Construction work has also continued as planned on…
UAB Merko Būstas, part of AS Merko Ehitus group, has launched the Vilneles Skverai residential development project located on the outskirts of the Old Town of Vilnius at Manufakturu str. 7. The first stage includes six buildings with 250 apartments,…
AS Merko Ehitus Eesti, part of AS Merko Ehitus group, has decided to launch the second stage of Lahekalda residential development project in Tallinn. The new stage includes two buildings with 96 apartments, which are to be completed in December…
AS Merko Ehitus Eesti, part of AS Merko Ehitus group, has decided to launch the fourth stage of Pikaliiva residential development project in Tallinn. The new stage includes two buildings with 50 apartments, which are to be completed in October…
EfTEN Real Estate Fund III AS acquired through its subsidiary Rutkausko UAB in Vilnius the Rutkausko office building where the anchor tenant is international IT firm Atea. The transaction was closed on Friday, 14 August 2020. Total value of the…
Regardless of the fact that there were holidays in the middle of a business week and in spite of the heat wave across Estonia, the number of real estate transactions continued to increase in June. According to the Land Board,…
The end of the emergency situation and lifting of many restrictions brought along a rise in the real estate market in May, as predicted and anticipated. According to the initial information, the rise was not as fast as predicted but…
On 31 March 2020 the owner and operator of T1 Mall of Tallinn shopping centre, AS Tallinna Moekombinaat (TMK, a group subsidiary of AS Pro Kapital Grupp), submitted an application to Harju County Court for commencement of reorganisation proceedings with…
MANAGEMENT REPORT Chairman’s summary 2019 was as a year of challenges, opportunities and acknowledgment, which is characteristic to many companies with an eye on the future and ambition for growth. The key focus of our work is on large-scale development…
