Tallinn, Estonia, 2014-10-07 09:24 CEST (GLOBE NEWSWIRE) --
UAB Merko Bustas, part of AS Merko Ehitus group, has launched the Fizikų development project in Vilnius and started the construction of the first apartment building of two, located at Fizikų Street in Vilnius. The first building has 38 apartments and it is estimated to be completed by autumn 2015. Fizikų development project is located next to the Bajorų dominija residential block, where UAB Merko Bustas has built three buildings (including 122 apartments) from which there are unsold only 6 apartments today.
Fizikų development project (www.fizikunamai.lt) includes a 6-storey and 5-storey apartment buildings with 108 apartments in total. The price per square meter of the apartments in Fizikų namai range from 1,160 to 1,450 euros. The apartments are characterized by high-efficiency heat-return ventilation systems, which are rarely used by developers in Lithuania; wooden windows, open floor plans and light-filled balconies. The building has an elevator, storage spaces and parking spaces in the underground parking garage and outside. In order to keep related design style as Bajoru dominija, the design of the apartment buildings is done by the same architect UAB Vilniaus architektūros studija.
The gross area of the two buildings is approximately 9,500 m² and the value of the development project is in a range of EUR 6–7 million.
Merko has developed and built homes for thousands of families in Estonia, Latvia and Lithuania. To ensure the best quality and convenience for homebuyers, the company manages all phases of the development: planning, design, construction, sales and service during the warranty period.
Additional information: UAB Merko statyba, Director Mr. Saulius Putrimas, phone: +370 6823 4742.
Merit Kullasepp
Communication and Marketing Manager
AS Merko Ehitus
Phone: +372 650 1250
E-mail: merit.kullasepp@merko.ee
AS Merko Ehitus (group.merko.ee) comprises the leading Estonian construction company AS Merko Ehitus Eesti, the Latvian market based SIA Merks and the Lithuanian market based UAB Merko Statyba as well as the group’s real estate development business unit together with companies holding real estate properties. As at the end of 2013, the group employed 860 people and the 2013 revenue amounted to EUR 262.7 million.
