Launch of the fifth stage of the Erminurme residential project (Tartu, Estonia)
February 23 2024 - 2:00AM
UK Regulatory
Launch of the fifth stage of the Erminurme residential project
(Tartu, Estonia)
OÜ Merko Kodud, part of AS Merko Ehitus group, has decided to
launch the fifth stage of Erminurme residential development project
in Tartu Parish. The stage includes two buildings at Erminurme Road
2 and Erminurme Road 22 with 36 apartments, which will be completed
in May 2025.
Erminurme residential buildings (merko.ee/erminurme) have energy
class A rating. The size of the apartments ranges between 48–91
square metres and the price per square metre starts from 2,900
euros. Merko will build parking spaces around the houses, and
create greenery, recreational areas and children’s playgrounds in
the interior courtyards.
Erminurme residential quarter is located on the border of Tartu
Parish and the City of Tartu close to Estonian National Museum and
Raadi Manor complex. The development project comprises of twelve
2–3-storeyed residential buildings with 224 apartments, of which 9
buildings with a total of 161 apartments have been completed.
OÜ Merko
Kodud (merko.ee/en/kodud)
is Estonia's best known and most reputable residential
developer. To ensure the highest quality, Merko manages all stages
of apartment development: planning, design, construction, sales and
warranty service.
Additional information: Mr. Indrek Tarto, Member of the
Management Board of OÜ Merko Kodud, phone +372 680 5105.
Urmas Somelar
Head of Group Finance Unit
AS Merko Ehitus
+372 650 1250
urmas.somelar@merko.ee
AS Merko
Ehitus (group.merko.ee)
group companies develop real estate and construct buildings and
infrastructure. We create a better living environment and build the
future. We operate in Estonia, Latvia, Lithuania and Norway.
As at the end of 2023, the group employed 635 people, and the
group’s revenue for 2023 was EUR 466 million.
Merko Ehitus As (LSE:0JKW)
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