Launch of the sixth stage of the Uus-Veerenni residential project (Tallinn, Estonia)
30 April 2024 - 7:00AM
UK Regulatory
Launch of the sixth stage of the Uus-Veerenni residential project
(Tallinn, Estonia)
OÜ Merko Kodud, part of AS Merko Ehitus group,
has decided to launch the construction of the sixth stage of the
Uus-Veerenni residential development project in the city centre of
Tallinn. As part of this, an apartment building with a total of 63
apartments will be completed in the summer of 2026.
The 8-storey energy class A building at Tiiu 14
(merko.ee/uus-veerenni) will have apartments ranging in size from
35 to 115 square metres, with prices starting from 4,744 euros per
square metre. The apartments will have readiness for the
installation of an air conditioning system, larger apartments will
have the system already installed. Parking spaces with readiness
for electric car charging facilities will be located on the
underground level of the building. The building will be surrounded
by a landscaped yard with recreation and play areas.
Since 2019, 38 buildings with 504 apartments and
20 commercial premises have been completed in Uus-Veerenni. The
courtyard between the buildings of the first stage won the 2020
annual award of the Association of Landscape Architects in the
courtyard category and the Uus-Veerenni park won the annual award
of the Association of Landscape Architects in 2023.
As part of the Uus-Veerenni development project,
up to 50 apartment buildings with nearly 1,400 new homes will be
built over the years. On the properties awaiting the construction
of the next stages, there is an intermediate park for community
use, which offers the residents of Uus-Veerenni recreation and
exercise opportunities. A kindergarten operates in the quarter, and
in the future a commercial building will be added to
Uus-Veerenni.
OÜ Merko
Kodud (merko.ee/en/kodud)
is Estonia's best known and most reputable residential
developer. To ensure the highest quality, Merko manages all stages
of apartment development: planning, design, construction, sales and
warranty service.
Additional information: Mr. Indrek Tarto, Member
of the Management Board of OÜ Merko Kodud, phone +372 680 5105.
Urmas Somelar
Head of Group Finance Unit
AS Merko Ehitus
+372 650 1250
urmas.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 2023, the group employed 635 people, and the
group’s revenue for 2023 was EUR 466 million.
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