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Ettevõte AS MERKO EHITUS
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Avaldamise aeg 07 dets 2018 11:00:00 +0200
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Pealkiri Start of construction of the second stage of the residential project Gaiļezera nami (Riga, Latvia)
Tekst
SIA Merks, part of AS Merko Ehitus group, has started the construction of the
second stage of the residential project "Gai?ezera nami". The completion of
three 9-storey buildings is scheduled for the beginning of 2020. The first stage
included three similar buildings with 96 apartments, which were completed in
February 2018.

The second stage of "Gai?ezera nami" residential development project
(www.gailezeranami.lv (http://www.gailezeranami.lv)) features three 9-storey
buildings with energy class B. The buildings will be constructed in Mezhciems,
one of the greenest neighborhoods of Riga with well-developed infrastructure.
There will be 96 apartments with balconies, the size of apartments ranges from
63-109 square metres. Closed parking places and storage rooms will be located on
the ground floor. There will be several playgrounds, greenery and open parking
places in the territory of the project, right next to lake Gai?ezers. The
average price per square metre of the apartments will be 1,800 euros.

SIA Merks (www.merks.lv (http://www.merks.lv/en/)) is a Latvian construction
company, which offers construction services in the fields of general
construction, civil engineering and residential construction. SIA Merks is one
of the leading residential real estate developers in Latvia. The company has
built more than 1,000 apartments in Latvia.

Additional information: Mr. Oskars Ozoli?sh, Chairman of the Management Board of
SIA Merks, phone +371 6737 3380.

Priit Roosimägi
Head of Group Finance Unit
AS Merko Ehitus
+372 650 1250
priit.roosimagi@merko.ee (mailto:priit.roosimagi@merko.ee)

AS Merko Ehitus (group.merko.ee (http://group.merko.ee/)) group consists of
Estonia's leading construction company AS Merko Ehitus Eesti, the Latvian-
market-oriented SIA Merks, UAB Merko Statyba that is operating on the Lithuanian
market, Peritus Entreprenør AS construction company in Norway and the real
estate development business unit along with real estate holding companies. As at
the end of 2017, the group employed 757 people and the company's 2017 revenue
was EUR 317.6 million.

Attachments

  * Gailezera nami stage 2 photo 1 (https://ml-
    eu.globenewswire.com/Resource/Download/0b0fbb7c-4734-4840-a100-b8ad3214be13)
  * Gailezera nami stage 2 photo 2 (https://ml-
    eu.globenewswire.com/Resource/Download/181a3656-f85c-4daa-8d19-515e85166ee7)
  * Gailezera nami stage 2 photo 3 (https://ml-
    eu.globenewswire.com/Resource/Download/0a1af4a0-c585-47d8-aff1-cec2826b8554)