Construction contract in Estonia (Hyatt hotel building in Tallinn)
May 26 2023 - 12:00AM
Construction contract in Estonia (Hyatt hotel building in Tallinn)
On 25 May 2023, AS Merko Ehitus Eesti, part of AS Merko
Ehitus group, and Estma HPT OÜ entered into a contract for the
construction of the first stage of hotel and office building
located at Sadama 4, Tallinn.
The contract includes construction of 6-storey building with one
underground floor, the building will operate as Hyatt hotel and
accommodate offices.
The contract value is approximately EUR 11.1 million, plus value
added tax. The first stage of the construction works is scheduled
to be completed by the end of 2024.
AS Merko Ehitus
Eesti (merko.ee) is Estonian leading construction
company, which offers construction services in general
construction, civil engineering and residential construction and
develops residential real estate. To ensure the best quality and
convenience for home buyers, Merko manages all phases of the
development: planning, design, construction, sales and service
during the warranty period.
Additional information: AS Merko Ehitus Eesti
Chairman of the Management Board, Mr. Ivo Volkov, tel. +372 680
5105.
Urmas Somelar Head of Group Finance Unit AS Merko Ehitus +372
650 1250urmas.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 2022, the group employed 661 people, and the group’s
revenue for 2022 was EUR 410 million.
Merko Ehitus As (LSE:0JKW)
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