Construction contract in Latvia (student hotel in Riga)
27 August 2024 - 4:45PM
UK Regulatory
Construction contract in Latvia (student hotel in Riga)
On August 27, 2024, SIA Merko Būve, part of AS
Merko Ehitus group, and SIA Duck Slokas entered into a
design-and-build construction contract of student hotel “Duck
Republik” located in Rīga, Slokas iela 51.
The contract includes design and construction of
3-storey building with additional underground floor, its territory
and infrastructure. The hotel with gross area of 7,680 m² will have
fully furnished 210 rooms for 249 students, common rooms with
recreation area and gym.
Value of the contract is approximately EUR 12.3
million, plus value added tax. Construction works are scheduled to
be completed in May 2026.
SIA Merko Būve is
a construction company in Latvia, which offers construction
services in general construction, civil engineering and residential
construction.
Additional information: Board Member of SIA
Merko Būve, Mr. Jānis Zilgme,
e-mail: Janis.Zilgme@merkobuve.lv.
Urmas Somelar
Head of Finance
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 and Lithuania. 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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Merko Ehitus As (LSE:0JKW)
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