• Merko Ehitus started construction on the second part of the first-stage Lucavsala residential project in Riga, Latvia.
• The new 15-storey building will add 64 apartments; completion is expected in Q1 2028.
• First-stage plan totals three buildings with 199 apartments, two commercial units; the first 54 apartments have been completed.
• The broader Lucavsala development targets five residential buildings with 575 apartments, six commercial units, and a multi-storey parking house.
• Apartment sizes range 27-80 sq m; prices run EUR 2,810-3,570 per sq m.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AS Merko Ehitus published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608250100OMX_____CNEWS_EN_GNW1001258951_en) on August 25, 2026, and is solely responsible for the information contained therein.