Start of the construction of Rand residential project (Tallinn, Estonia)

AS Merko Ehitus Eesti, part of AS Merko Ehitus group, has started the construction of Rand residential development project, located at Suur-Patarei 20 in Tallinn. The development project comprises three new residential buildings and reconstruction of a historical building in the courtyard. The complex with total of 31 apartments and 6 commercial premises will be completed in autumn 2019.

Rand residential buildings (merko.ee/rand/en) are located by the sea between the streets of Suur-Patarei and Kalaranna, close to fast-developing districts of Tallinn City Hall and Noblessner harbour.

The energy class B residential buildings have floor heating and heat exchange forced air ventilation system. Car park will be built on an underground level. Private green areas and common play area will be created in the interior courtyards.

The size of the apartments ranges between 57–298 square metres and the price per square metre ranges from 2,900 to 4,500 euros.

The architecture of Rand residential project is authored by architectural design office Kadarik Tüür Arhitektid.

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.