Tallinn, Estonia, 2015-11-17 13:44 CET (GLOBE NEWSWIRE) --
On 16 November 2015, AS Merko Ehitus Eesti, 100% owned subsidiary part of AS Merko Ehitus group, and Maakri Kvartal OÜ, have signed a design and construction contract to continue the construction of Maakri Kvartal business complex, located in the area of skyscrapers thematic plan at Maakri 19/21, Tallinn, Estonia.
The complex comprises seven buildings: there will be constructed a 30-storey, 10-storey and 4-storey buildings and reconstructed four 3-4-storey architectural monuments dating back to the beginning of the 20th century. The total gross area of Maakri Kvartal business complex is approximately 36,000 m², which includes leasable area approximately 21,500 m². The anchor tenants of the complex are Pohjola Pank, Seesam Insurance AS and EfTEN Capital AS. There will be approximately 170 parking spaces and connection with Tornimäe underground parking lot.
The value of the contract is about 30 million euros, plus value added tax. Construction works continue in March 2016 and the construction is scheduled for completion in spring 2018.
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.
Additional information: AS Merko Ehitus Eesti, Chairman of Management Board, Mr. Tiit Roben, phone: +372 680 5105.
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) 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 and the real estate development business unit along with real estate holding companies. As at the end of the year 2014, the group employed 765 people and the company’s revenue for 2014 was EUR 252.3 million.
