Start of the construction of Rinktines Urban 2nd stage residential development project (Vilnius city centre)

UAB Merko statyba, part of AS Merko Ehitus group, has started the 2nd stage of Rinktines Urban residential development in the city centre of Vilnius, located at the corner of Rinktines and Ceikiniu streets. The start of construction works is July 2018, and completion date is scheduled for 2nd quarter of 2020.

2nd stage of Rinktines Urban residential development project features three 6–9-storey apartment buildings with two-storey underground parking connecting the entire complex. The buildings have a total of 187 apartments with sizes between 30-120 square metres. All apartments have spacious balconies (top floors apartments having balconies up to 21 square metres); first and sixth floor apartments have terraces. Each apartment of energy class A building is equipped with air-recuperation system, which provides fresh air and ensures inconspicuous air distribution in all rooms. Storage places and 201 parking places are located in the two-storey underground parking. The price per square metre of the apartments starts from 2000 euros.

Rinktines Urban is located in a fast-developing area near former city stadium, just a short walking distance from the historical centre of Vilnius, Cathedral square and Gediminas castle. Schools, stores, renewed river embankment are located in the close vicinity.

UAB Merko statyba (www.merko.lt) is Lithuanian construction company, which offers construction services in the fields of general construction and residential construction.

Additional information: UAB Merko statyba, the Chairman of Management Board Mr. Saulius Putrimas, phone: +370 5210 5330.

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 757 people and the company’s 2017 revenue was EUR 317.6 million

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