Tallinn, Estonia, 2015-04-24 10:07 CEST (GLOBE NEWSWIRE) --
On 23 April 2015, AS Merko Ehitus group company Kalaranna Arenduse OÜ and BLRT Grupp Aktsiaselts have signed a contract for the acquisition of the land plots intended for commercial and residential purpose at Staapli Str. 3, Staapli Str. 4, Staapli Str. 8, Staapli Str. 12; and land plots intended for transportation purpose at Staapli Str. T1 ja T2 in Tallinn
The Noblessner quarter, an historically prestigious area that keeps on developing, will be the site of a unique apartment development that will result in four apartment buildings with approximately 200 apartments and office space built right on the seashore next to the Noblessner marina. The construction of the first building will start in late 2015 and it is scheduled for completion in spring 2017.
The architectural design office Arhitektuuribüroo Pluss and their entry entitled "Kodusadam" (Home Port) won the international architecture competition organised by BLRT and Merko for developing an architectural solution to the Noblessner residential quarter. The design of the winning entry centres on a people-friendly environment. People are placed first in developing the entire area, and the focus is on open possibilities for living, accessibility and activities. Simultaneously with the residential quarter.
Kalaranna Arenduse OÜ is the joint venture, established in December 2014 by AS Merko Ehitus ja BLRT Grupp Aktsiaseltsi, both owning 50% of the company.
Additional information: AS Merko Ehitus Eesti, Member of Management Board, Mr. Jaan Mäe, phone: +372 680 5105.
Merit Kullasepp Communication and Marketing Manager AS Merko Ehitus Phone: +372 650 1250 E-mail: merit.kullasepp@merko.ee
Estonian BLRT Grupp ( www.blrt.ee ) is one of the biggest industrial groups in the region of the Baltic Sea countries. The company started its operations in 1912 in Tallinn. Today t he group comprises 57 companies, which employee more than 4000 specialists in ten different industries in seven countries.
AS Merko Ehitus ( group.merko.ee ) consists of Estonia’s leading construction company AS Merko Ehitus Eesti, the Latvian-market-oriented SIA Merks, UAB Merko Statyba that is operating on the Lithuanian market and the real estate development business unit along with real estate holding companies. As at the end of the year 2014, the group employed 765 people and the company’s revenue for 2014 was EUR 252.3 million.
