SIA Merks, part of the listed Estonian construction group Merko Ehitus, has entered into a contract with SIA Hanzas 14, owned by Capitalica Baltic Real Estate Fund I, for the construction of the business complex Verde in Riga with a total cost of 48 million euros.
The works of the first stage include construction of an office building and an underground parking lot with a total area of 29,500 square metres. The contract value is more than 31 million euros, plus value added tax, Merko told the stock exchange.
Construction works of the first stage will st...
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