AS Merko Ehitus Eesti, part of AS Merko Ehitus group, has decided to launch the
fifth stage of the Uus-Veerenni residential development project in the city
centre of Tallinn. The new stage includes 12 buildings with 137 apartments and
8 commercial premises, which are to be completed at the beginning of 2023.
The 3-, 4- and 6-storey residential buildings located at Veerenni 36b and Pille
11 (merko.ee/veerenni/ (https://merko.ee/veerenni/en/)) will have the energy
class rating B and the size of the apartments will range between 34-118, price
per square metre starting from 3,228 euros. Parking spaces will be located under
the building and there will be a courtyard with recreational areas and
playgrounds. The architectural solution of the buildings has been designed by
Tõnis Tarbe and Johann-Aksel Tarbe and it is similar to the architecture of the
earlier stages situated along Veerenni Street.
Since 2019, 23 buildings with 283 apartments and 12 commercial premises have
been completed in three stages in Uus-Veerenni. The courtyard between the
buildings won the 2020 annual award of the Association of Landscape Architects
in the courtyard category. The fourth stage, Tiiu 12 buildings with a total of
88 apartments will be move-in ready in 2022. As part of the development project,
approximately 50 apartment buildings with nearly 1,400 new homes will be built
over the years. There will also be a kindergarten and a commercial building in
the area.
AS Merko Ehitus Eesti (merko.ee (https://merko.ee/en/)) 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: Mr. Alar Toomik, Project Development Director of AS
Merko Ehitus Eesti, phone +372 680 5105.
Urmas Somelar
Head of Finance Unit
AS Merko Ehitus
+372 650 1250
urmas.somelar@merko.ee (mailto:urmas.somelar@merko.ee)
AS Merko Ehitus (group.merko.ee (https://group.merko.ee/en/)) 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.
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