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Construction contract in Lithuania (residential complex in Vilnius)

On 11th January 2017, UAB Merko statyba, part of AS Merko Ehitus group, and PK INVEST UAB, part of AS Pro Kapital Grupp group, entered into a contract to perform the design and construction works of the residential complex in Šaltiniu Namai quarter, located at 10 Aguonui street, Vilnius.

Following the provisions of the contract, UAB Merko Statyba will build four apartment buildings comprising total 116 apartments and a two-level underground parking.

The contract value is EUR 10.8 million, plus value added tax. The construction works will start in January 2017 and the works are scheduled to be completed in two years’ time.