Tallinn, Estonia, 2015-05-30 11:00 CEST (GLOBE NEWSWIRE) --
On 29 May 2015, AS Merko Ehitus Eesti, 100% owned subsidiary part of AS Merko Ehitus group, and AS Tallinna Moekombinaat, 93% owned subsidiary part of AS Pro Kapital Grupp, have signed a contract to perform the design and construction works of a shopping and entertainment centre T1, located at Peterburi mnt. 2, Tallinn, Estonia.
The gross area of the centre is ca 130,000 square meters, including over 52,000 square meters of different rental space (retail, catering, multiscreen cinema and entertainment). There will be over 200 retail premises in the centre.
The works start in June 2015 and the centre is planned to open for visitors in autumn 2017. The value of the contract is approximately 70 million euros, plus value added tax.
AS Pro Kapital Grupp is a leading Estonian real estate development company with a focus on modern large-scale commercial and residential real estate in the capitals of Estonia, Latvia and Lithuania. Since its establishment in 1994, Pro Kapital has completed 20 development projects with ca 180,000 sqm of total saleable area.
AS Merko Ehitus Eesti (www.merko.ee) is Estonian leading construction company, which offers construction services in general construction, civil engineering, road, electrical and residential construction.
Additional information: AS Merko Ehitus Eesti, Chairman of Management Board, Mr. Tiit Roben, phone: +372 680 5105.
Merit Kullasepp
Communication and Marketing Manager
AS Merko Ehitus
Phone: +372 650 1250
E-mail: merit.kullasepp@merko.ee
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.
