Announcement View
Type Company Release
Category Other corporate action
Publicize date 14 Oct 2021 08:00:00 +0300
Lahekalda_IV etapp_1.jpg
Lahekalda_IV etapp_2.jpg
Lahekalda_IV etapp_1.jpg
Lahekalda_IV etapp_2.jpg
Kell English
Title Launch of the fourth stage of the Lahekalda residential project (Tallinn, Estonia)
AS  Merko  Ehitus  Eesti,  part  of  AS  Merko  Ehitus  group,  has  started the
construction  of  the  fourth  stage  of  the  Lahekalda residential development
project  in Tallinn, on the Maarjamäe  limestone bank. Two residential buildings
with 98 apartments in total will be completed at the end of 2022.

The  two 8-storey  residential buildings  located at  Paekalda 23/1 and Paekalda
23/2 will  have the energy  class rating A  and the size  of the apartments will
range between 43-91, price per square metre starting from 2,650 euros.

The        Lahekalda        residential       district       (
(   is  located  in  Tallinn  on  the  Maarjamäe
limestone bank, on the naturally beautiful ridge in between Pirita and Kadriorg.
The  development  project  comprises  in  total of approximately twenty-five new
residential  buildings with more than a thousand apartments, which will be built
in  the next ten  years. There are  landscaped recreation and  play areas in the
courtyards of the buildings. In addition, a kindergarten and a convenience store
are planned in the area.

The  first three buildings of the  Lahekalda residential district are completed.
The  next buildings at  Paekalda St. 12 and  16 will be completed  in the end of
2021 and  the building  at Paekalda  St. 14 will  be completed  in the spring of

AS Merko Ehitus Eesti ( ( is an Estonian leading
construction company which offers construction services in general construction,
civil   engineering,   electrical  and  residential  construction  and  develops
residential  real estate.  To ensure  the best  quality and convenience for home
buyers   Merko   manages  all  phases  of  the  development:  planning,  design,
construction, sales and service during the warranty period.

Additional information: Ms. Ines Prual, Project Development Director of AS Merko
Ehitus Eesti, tel: +372 680 5313.

Urmas Somelar
Head of Finance Unit
AS Merko Ehitus
+372 650 1250 (

AS  Merko Ehitus (  ( group consists
of  AS Merko Ehitus Eesti in Estonia, SIA  Merks in Latvia, UAB Merko Statyba in
Lithuania  and Peritus Entreprenør AS  in Norway. Besides providing construction
services  as a  main contractor,  the group's  other major  area of  activity is
apartment  development. As of the end of 2020, the group employed 666 people and
the group's revenue for 2020 was EUR 316 million.