Tallinn, Estonia, 2015-12-21 07:30 CET (GLOBE NEWSWIRE) --
On 18 December 2015, UAB Merko Statyba, part of AS Merko Ehitus group, has entered into a contract with UAB E.L.L. Nekilnojamas Turtas, part of E.L.L. Kinnisvara AS group, to perform the construction of an office building, located at Narbuto 5, Vilnius, Lithuania.
The leasable area of Narbuto 5 (www.narbuto5.lt) class A energy efficient office building is over 4,600 m², the building has six floors and two underground floors for parking. The office building is pursuing BREEAM certification.
The value of the contract is approximately 8.5 million euros, plus value added tax. The construction works start in December 2015 and are scheduled to complete in the first quarter of 2017.
UAB Merko Statyba (www.merko.lt) is Lithuanian construction company, which offers construction services in the fields of general construction, civil engineering and residential construction.
E.L.L. Kinnisvara (www.ell-realestate.com) develops and manages office buildings, shopping centres and hotels. The company’s current real estate portfolio includes 209,000 m2 of space to let. E.L.L. Kinnisvara owns three office buildings (Delta Plaza, Sõpruse Ärimaja and L3) and has holdings in Spice, Spice Home, Panorama and Viru Keskus shopping centres.
Additional information: UAB Merko Statyba, Construction Director Mr. Jaanus Rästas, phone: +370 6875 0680.
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.
