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Estonian Merko starts construction of apartment house complex in Riga

BC, Tallinn, 07.12.2018.Print version
SIA Merks, Latvian subsidiary of the listed Estonian builder AS Merko Ehitus, has started the construction of the second stage of the Gailezera nami residential project in Riga, Merko tolds stock exchange.

The completion of three nine-storey buildings is scheduled for the beginning of 2020, Merko told the stock exchange on Friday.

The first stage of the project included three similar buildings with 96 apartments, which were completed in February 2018.

The project is being developed in the Riga district of Mezciems, one of the greenest neighborhoods of Riga with well-developed infrastructure. The second stage is made up of 96 apartments with balconies and the size of the apartments ranges from 63-109 square meters. The average price per square meter of the apartments will be 1,800 euros.

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 Gailezers.

SIA Merks is a Latvian construction company which offers construction services in the fields of general construction, civil engineering and residential construction. The company has built more than 1,000 apartments in Latvia and is one of the leading residential real estate developers in that country.

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