Start of the construction of the Lucavsala residential project (Riga, Latvia)
March 08 2024 - 1:00AM
UK Regulatory
Start of the construction of the Lucavsala residential project
(Riga, Latvia)
SIA Merks Mājas, part of AS Merko Ehitus group,
has launched the Lucavsala residential project on Lucavsala island
on the Daugava River in Riga. The first stage of the project
comprises a connected complex of three building with 214 apartments
and two commercial units. The company has started the construction
of the first part of the first stage, which sees a completion of a
9-storey building with 54 apartments by the second quarter of
2025.
Lucavsala residential project
(lucavsala.merksmajas.lv) has an exclusive location on Lucavsala
island, which has become a popular place for recreation, swimming
and enjoying nature while remaining close to the city centre. The
location offers picturesque views of river Daugava, charming
rooftops of Pārdaugava and lush greenery of Lucavsala. The
development project comprises in total of three residential
buildings with 590 apartments and six commercial units and a
multi-storey parking house.
The buildings of the first stage will be of
energy class A and the new living environment will have unique
landscaping. There will be an outdoor gym, multiple recreation
areas for different ages, a shared greenhouse, basketball and
football fields located on the roof of a multi-storey parking
house.
The size of the apartments in the 9-storey
building ranges from 35 to 86 square meters and the price per
square meter ranges from 2,095 to 3,375 euros. All apartments
will have balcony or terrace and efficient floor plans prioritising
functionality – a dedicated workspace area in living room in all
apartments and a laundry room in large apartments.
SIA Merks
Mājas (www.merksmajas.lv) is a
residential development company in Latvia.
Additional information: Mr. Mikus Freimanis,
Board member of SIA Merks Mājas, phone:
+371 6737 3380.
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)
Historical Stock Chart
From Sep 2024 to Oct 2024
Merko Ehitus As (LSE:0JKW)
Historical Stock Chart
From Oct 2023 to Oct 2024