Start of the construction of the second stage of Arena Garden Towers residential project (Riga, Latvia)

SIA Merko m?jas, part of AS Merko Ehitus group, has launched the second stage of
Arena Garden Towers residential project in Skanste district in Riga. One 13-
storey building with 80 apartments at Ar?na St.3 will be completed in the
beginning of 2027.

The residential building will have energy class A rating. The size of the
standard apartments ranges between 53 and 129 square meters and the price per
square meter ranges from 2,601 to 3,510 euros.

This is the first residential project by Merko m?jas to incorporate energy pile
technology, providing sustainable solutions for heating and cooling. The
contemporary complex will offer a variety of apartments, including distinctive
two-storey penthouses with 6.3-metre ceilings and private rooftop terraces. The
buildings will feature two elevators per staircase, a shared room for events and
rooftop terraces, a secure private courtyard for recreation and play, as well as
new amenities such as a dedicated bicycle maintenance area and a pet washing
station. Parking spaces will be available on the ground floor and in a
designated outdoor area.

Arena Garden Towers (skanste.merkomajas.lv (https://skanste.merkomajas.lv/en))
is located in the Skanste district, a modern and rapidly developing area of
Riga. The project comprises in total of four residential buildings with around
400 apartments. The first stage includes on 13-storey building with 84
apartments at Ar?na str 1, which will be completed in the summer of 2026. Almost
80% of the apartments in the first stage have been sold.

SIA Merko m?jas (https://merkomajas.lv) (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.