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TAR - Formation of a joint venture for the development of residential buildings in Tartu

Company: Merko Ehitus Date: 2025-08-26 Language: English Register to download

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 Formation of a joint venture for the development of residential buildings in Tartu

# Formation of a joint venture for the development of residential buildings in Tartu

On  25 August 2025 OÜ Merko Kodud, a member of the AS Merko Ehitus group, and OÜ
Giga Investeeringud established a 50:50 joint venture, Turu 18 Kodud OÜ.

The  goal of  the joint  venture is  to build  three residential  and commercial
buildings,  and a modern and versatile urban space surrounding them, on the Turu
18 property in the centre of Tartu.

The  Turu 18 landplot, which is attractively located by the river Emajõgi, has a
planned  above-ground construction volume of approximately 16,800 square meters.
The three planned buildings are connected by a common parking floor.

OÜ  Merko  Kodud (merko.ee/kodud  (https://www.merko.ee/en/kodud/)) is Estonia's
best-known  and most  trusted residential  real estate  developer. To ensure the
best  quality,  convenience  and  assurance  for  home buyers, Merko manages all
phases  of the development:  planning, design, construction,  sales and warranty
service.

OÜ  Giga Investeeringud (gigainvesteeringud.ee (https://gigainvesteeringud.ee/))
is  an Estonian company engaged in the  rental and development of commercial and
residential real estate.

Additional  information:  CEO  of  OÜ  Merko  Kodud,  Mr.  Indrek  Tarto, phone:
+372 680 5105.

Urmas Somelar
Head of Finance
AS Merko Ehitus
+372 650 1250
\[email protected\] (mailto:\[email protected\])

AS  Merko  Ehitus (group.merko.ee  (https://group.merko.ee/en/)) group companies
construct  buildings and  infrastructure and  develop real  estate. We  create a
better  living environment and build the  future. We operate in Estonia, Latvia,
and  Lithuania. As at  the end  of 2024, the  group employed 605 people, and the
group's revenue for 2024 was EUR 539 million.