Sweden: Recovery firms, geopolitical inflation risks rise The Swedish economy started 2026 on a weak note but regained momentum in the second quarter. The labour market continued to recover gradually. Inflation is currently below the 2% target, helped by a…
SIA Merko Mājas, part of the AS Merko Ehitus group, has commenced construction of the fourth stage of the Mežpilsēta residential project in the Mežciems area in Riga. A six-storey building with 53 apartments is set to be completed at…
SIA Merko Mājas, part of AS Merko Ehitus group, has launched the second part of the first stage of the Lucavsala residential project in Riga. The first stage of the project comprises a complex of three buildings with total of…
In the first half of the year, the gradual recovery of the Estonian economy continued, but the economic environment remained affected by geopolitical uncertainty and fluctuations in energy prices. According to the latest published forecasts, Estonia’s 2026 economic growth is…
Activity in the residential real estate market remained strong in the second quarter of 2026, and we maintained the sales pace achieved in the first half of the year. During the quarter, we signed 57 sales contracts (contracts under the law of…
OÜ Merko Kodud, part of the AS Merko Ehitus group, has decided to start the construction of the seventh stage of the Lahekalda residential development project located on the Maarjamäe limestone clint in Tallinn. This stage comprises a residential building…
Liven AS group’s (Liven) wholly owned subsidiary Liven Kodu 25 OÜ has entered into a notarised agreement to acquire development properties located at Pärnu maantee 35, 37 and 41 in Tallinn city centre. The monetary value of the transaction is…
Hepsor SOF OÜ, a joint venture of Hepsor AS and EfTEN Special Opportunities Fund, and Coop Pank AS signed a loan agreement on 1 July in the amount of EUR 12.7 million to finance the construction of three new residential…
Liven AS group’s (Liven) wholly owned subsidiary Liven R101 GmbH has entered into a notarised agreement to acquire a property in Germany, in the Charlottenburg-Wilmersdorf district of Berlin (Westend), at Reichstraße 101. The monetary value of the transaction is EUR…
Millerhawki portfelli kuuluv Ahtme Maxima kauplus on saanud rahvusvahelise LEED Gold sertifikaadi, mis teeb sellest Eesti esimese kõrge keskkonnasäästlikkuse tunnustusega ärikinnisvara hoone väljaspool Harjumaad. “Esmakordselt jõudis nii kõrge rahvusvaheline kestlikkuse tunnustus Eesti regionaalse ärikinnisvara turule. LEEDi kuldset taset lahutab absoluutsest…
On 4 June, Hepsor SOF OÜ, a joint venture of Hepsor AS and EfTEN Special Opportunities Fund, and construction company Mitt & Perlebach OÜ signed a contract for the construction of apartment buildings at Paevälja 7 in the Paevälja quarter…
Liven AS group’s (Liven) wholly owned subsidiary Liven P19 GmbH has entered into a notarised agreement to acquire a property in Germany, in the Steglitz district of Berlin, at Plantagenstraße 19. The monetary value of the transaction is EUR 1.7…
MANAGEMENT REPORT Real Estate Development Tallinn In Kristiine City, the Group continued to progress the Uus-Kindrali development through ongoing sales and construction activities. By year-end, 39 apartments in the white building (Talli 3 / Sammu 8) had already been handed…
COMMENTARY FROM MANAGEMENT Merko Ehitus generated revenue of EUR 57 million in the first quarter of 2026, with a net profit of EUR 4.3 million. As of the end of the first quarter, the company’s secured order book reached an…
Construction market: The war in the Middle East and the resulting sharp rise in energy prices in the first quarter of the year have caused the previously optimistic economic growth forecast to be revised downwards. Growth for this year is projected…
