New Construction Phase for Lahekalda Apartments
OÜ Merko Kodud, a significant player in the AS Merko Ehitus group, has announced its commitment to advance with the above-ground construction of the Lahekalda apartment development. This project, perched on the picturesque Maarjamäe limestone clint, marks an essential step in enhancing Tallinn's vibrant residential landscape. The latest phase will focus on two impressive apartment buildings, completing a total of 110 modern units expected to welcome residents in the approaching fall of 2026.
Details on the Apartment Features and Pricing
These upcoming structures will boast eight stories and adhere to the A-energy class standard, ensuring energy efficiency and comfort. The apartments, located at Paekalda 15 and 17, will vary in size, ranging from cozy 35 square meters for smaller units to spacious 124 square meters for larger homes. The starting price per square meter is set at €3,545, making these units accessible for a diverse audience.
The Grand Vision for Lahekalda Quarter
The Lahekalda quarter, strategically positioned between two well-known areas, promises to evolve substantially over the next decade. The ambitious development project is on track to introduce around 25 new apartment buildings offering more than a thousand apartments, truly transforming the neighborhood into a thriving residential hub. Each building will feature thoughtfully designed courtyards equipped with landscaped recreation and play areas, making it an ideal setting for families and individuals alike. Furthermore, the development plans incorporate spaces designated for commercial and service functions, fostering a holistic living environment.
Progress and Completed Projects
Currently, the initial ten buildings in the Lahekalda quarter are finished, housing nearly 500 apartments that have successfully found occupants. The latest completions at Paekalda 19 and 21 showcase modern living spaces that have already attracted many homebuyers, reflecting the area's popularity and demand.
The Commitment of OÜ Merko Kodud
OÜ Merko Kodud is recognized as Estonia’s leading residential real estate developer, a title earned through years of dedication to quality and innovative living solutions. The company oversees every aspect of development, from planning and design through construction and after-sales service, ensuring that each homeowner receives the utmost value and service. Their dedication to providing a seamless experience for homebuyers underscores their importance in this sector.
Expert Contacts Available for More Information
For additional insights into the Lahekalda project or to inquire about potential purchasing opportunities, Ms. Ines Prual, the Project Development Director, is available at +372 680 5105. Moreover, Urmas Somelar, the Head of Finance at AS Merko Ehitus, can be reached at +372 650 1250 for any financial inquiries or company operations.
About AS Merko Ehitus
The AS Merko Ehitus group specializes in the construction of buildings and infrastructure while actively developing real estate projects. With a commitment to enhancing living environments, the group operates across Estonia, Latvia, and Lithuania. As of late 2024, Merko Ehitus proudly employs over 605 professionals, with the anticipated revenue for the year reaching €539 million. Their ongoing projects, like the Lahekalda apartments, illustrate their dedication to building a brighter, more sustainable future for urban living.
Frequently Asked Questions
What is the expected completion date for the Lahekalda apartments?
The Lahekalda apartments are set to be completed in the fall of 2026.
How many apartments will be constructed in this phase?
This phase will include the construction of two apartment buildings totaling 110 apartments.
What are the sizes of the apartments?
The apartment sizes will range from 35 to 124 square meters.
Who can I contact for more information regarding the project?
Ms. Ines Prual, Project Development Director, can be contacted at +372 680 5105 for project details.
What company is responsible for the Lahekalda development?
The development is managed by OÜ Merko Kodud, part of the AS Merko Ehitus group.
