Merko Ehitus and Giga Investeeringud Launch Joint Venture in Tartu
Partnership for Urban Development in Tartu
In an exciting venture, OÜ Merko Kodud and OÜ Giga Investeeringud have come together to form a joint venture, Turu 18 Kodud OÜ, with equal stakes of 50:50. This strategic collaboration aims to significantly enhance urban living in the heart of Tartu.
A Vision for the Future
The primary objective of this joint venture is to develop three modern residential and commercial buildings alongside a vibrant urban space at the Turu 18 property. This initiative reflects the commitment of both companies towards improving local housing and fostering community engagement.
Overview of the Development
The planned construction on the Turu 18 land, which benefits from its prime location next to the picturesque Emajõgi River, encompasses a significant above ground area of approximately 16,800 square meters. Each of the three residential buildings will feature a shared parking facility, enhancing convenience for residents and visitors alike.
Meet the Development Partners
OÜ Merko Kodud has established itself as a leading name in Estonia's residential real estate sector. The company takes pride in managing the development process from start to finish, ensuring high-quality outcomes and maximizing satisfaction for home buyers. Their commitment to excellence is evident in every phase, from planning and design to construction and post-sale warranty services.
On the other hand, OÜ Giga Investeeringud specializes in the rental and development of both commercial and residential properties. Their expertise and innovative approach to real estate development complement the vision set forth by Merko, promising a project that caters to diverse community needs.
Leadership Behind the Project
Indrek Tarto, the CEO of OÜ Merko Kodud, is leading the charge on this transformative project. His experience and leadership are vital as the joint venture aims to achieve its ambitious goals. For inquiries, Indrek can be reached at +372 680 5105, ensuring an open line of communication for stakeholders and the community.
Contact Information for Further Details
For more detailed information or questions regarding the development, Urmas Somelar, the Head of Finance for AS Merko Ehitus, is available for contact. He can be reached at +372 650 1250, or through email at urmas.somelar@merko.ee.
About AS Merko Ehitus
AS Merko Ehitus operates not only in Estonia but also extends its services to Latvia and Lithuania. This expansive reach allows the group to leverage its expertise in constructing buildings and developing real estate in diverse markets. With an impressive workforce of 605 employees and a reported revenue of EUR 539 million, AS Merko Ehitus is dedicated to creating a better living environment and building the future.
Frequently Asked Questions
What is the purpose of the joint venture Turu 18 Kodud OÜ?
The purpose is to develop residential and commercial buildings along with urban space in Tartu.
What companies are involved in the joint venture?
OÜ Merko Kodud and OÜ Giga Investeeringud are the two companies involved in the joint venture.
Where will the development be located?
The development will be located at the Turu 18 property, next to the Emajõgi River in Tartu.
Who can I contact for more information about the project?
You can contact Indrek Tarto at +372 680 5105 or Urmas Somelar at +372 650 1250 for more details.
What is the planned construction volume for the buildings?
The total planned construction volume is approximately 16,800 square meters for the three buildings.
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