On 10 June 2019 UAB "Merko b?stas", part of AS Merko Ehitus group, signed an
agreement with UAB "Vilniaus aidai" to acquire a real estate development area in
Vilnius. The development area is located near the city centre of Vilnius, at
Manufacturu st. 7, on a land plot spanning 13 registered immovables. The value
of the transaction is EUR 13 million plus value added tax.
The 4.7-hectare development area has a valid detailed plan, which allows the
construction of approximately 1,000 apartments. The construction will be carried
out in several stages. The acquisition of the development area, located near
downtown Vilnius, is essential for Merko Ehitus group to support the long-term
residential development strategy in Lithuania.
UAB "Merko b?stas" (www.merko.lt (https://www.merko.lt/en/)) is Lithuanian
residential real estate development company.
Additional information: UAB "Merko b?stas", Director Mr. Saulius Putrimas,
phone: +370 682 34742.
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 (https://group.merko.ee/en/)) group consists of
Estonia's leading construction company AS Merko Ehitus Eesti, the Latvian-
market-oriented SIA Merks, UAB Merko Statyba operating on the Lithuanian market,
and the Norwegian construction company Peritus Entreprenør AS. Besides provision
of construction service as a main contractor, the group's other major area of
activity is apartment development. As at the end of 2018, the group employed
764 people, and the group's revenue for 2018 was EUR 418 million.
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