Construction of Veerenni residential project (Tallinn, Estonia)
AS Merko Ehitus Eesti, part of AS Merko Ehitus group, has started the construction of Uus-Veerenni residential development project. The first phase of construction to be completed by the end of 2019 comprises twelve buildings with 137 apartments and 8 commercial premises.
Uus-Veerenni residential buildings are located at Veerenni subdistrict of Tallinn city centre. During the next ten years, the development project comprises ca fifty new residential building with more than a thousand apartments. In the first phase of the development, six three-storeyed city villas with gable roofs, two four-storeyed and six six-storeyed residential buildings with commercial premises are built next to the Baltika Quarter on Veerenni street.
Uus-Veerenni residential buildings will be of energy class B. Car park will be built below ground and intra-quarter roads will be constructed. Courtyards in the quarter will be landscaped and play and recreation areas established.
The size of the apartments ranges between 34 – 115 square metres and the price per square metre ranges from 2142 – 3321 euros.
AS Merko Ehitus Eesti (www.merko.ee)is Estonian leading construction company, which offers construction services in general construction, civil engineering, road, electrical and residential construction. 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. Tiit Kuusik, Director of Real Estate Development Division of Merko Ehitus Eesti, phone +372 680 5105.
Priit Roosimägi
Head of Group Finance Unit
AS Merko Ehitus
+372 650 1250
priit.roosimagi@merko.ee
AS Merko Ehitus (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 755 people and the company’s 2017 revenue was EUR 317.6 million.
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