Launch of the third stage of Mežpilsēta residential project (Riga, Latvia)

SIA Merko m?jas, part of AS Merko Ehitus group, has launched the third stage of
Mezhpils?ta residential project in Mezhciems area in Riga. A six-storey building
with 53 apartments at Hipokr?ta St. 16 is set to be completed at the end of
2026.

The Mezhpils?ta (mezpilseta.merkomajas.lv (https://mezpilseta.merkomajas.lv/en))
residential building will have an energy class A rating. The size of the
apartments ranges from 44 to 87 square meters, with the prices per square meter
ranging from 2,567 to 2,975 euros.

The residential development is located in the green and fast-growing Mezhpils?ta
neighbourhood, right next to the forest. Each apartment will have a balcony,
floor-to-ceiling windows and heated floors in all apartments will create a
bright and comfortable living environment. Apartment prices include private
storage rooms in the basement, with the option to purchase larger storage units
if needed.

The project will feature in total of 44 outdoor parking spaces, including 13
covered spaces and four spaces equipped with electric charging options.
Residents will also benefit from a stroller room on the ground floor, shared
amenities include a spacious community lounge area with a kitchen and restroom
facilities, as well as direct access to a terrace. The landscaped grounds will
feature a children's playground and green recreational areas. The fenced yard
will be a safe place with security cameras and an access control system for the
building entrance, stroller room and storage room block in the basement.
Additional features include a bicycle repair station and enhance technical
solutions such as decentralized ventilation units and underfloor heating with
individual room temperature control.

Hipokr?ta St. 16 will be the fifth building in the Mezhpils?ta residential
development. Four buildings containing 164 apartments have been completed to
date, out of a total of 11 buildings and 535 apartments planned for the entire
project.

SIA Merko m?jas (https://merkomajas.lv) is a recognized Latvian residential
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.

Additional information: Mr. Roberts R?boks, Board member of SIA Merko m?jas, e-
mail: [email protected] (mailto:[email protected])

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.