Construction contract in Estonia (Pelgulinna State gymnasium in Tallinn)
On 15 February 2022, AS Merko Ehitus Eesti, part of AS Merko Ehitus group, and Riigi Kinnisvara AS entered into a contract for the construction of Pelgulinna State gymnasium at Kolde Av 67a, Tallinn.
The contract includes construction of a new four-storey school building, which will be surrounded by city-park, access roads and pathways, bicycle and car park.
The contract value is approximately EUR 25.0 million, plus value added tax. The works are scheduled to be completed in August 2023.
AS Merko Ehitus Eesti (merko.ee) is Estonian leading construction company, which offers construction services in general construction, civil engineering 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: AS Merko Ehitus Eesti Chairman of the Management Board, Mr. Ivo Volkov, phone: +372 680 5105.
Urmas Somelar
Head of Finance
AS Merko Ehitus
+372 650 1250
urmas.somelar@merko.ee
AS Merko Ehitus (group.merko.ee) group consists of AS Merko Ehitus Eesti and Tallinna Teede AS in Estonia, SIA Merks in Latvia, UAB Merko Statyba in Lithuania and Peritus Entreprenør AS in Norway. Besides providing construction service as a general contractor, the group’s other major area of activity is apartment development. As at the end of 2021, the group employed 672 people, and the group’s revenue for 2021 was EUR 339 million.
