Announcement View
Company Arco Vara AS
Type Company Release
Category Other corporate action
Publicize date 13 Jan 2022 09:38:08 +0200
Kell English
Title Arco Vara founded a construction company Arco Tarc OÜ
Arco Vara AS has established a wholly owned subsidiary Arco Tarc OÜ, which will
be engaged in the general contracting of the construction of Arco Vara Group

The need for its own construction company arose from the growth in development
volumes and the timing of Arco Vara's developments, where clear long-term
construction volumes have emerged. "We came to a situation where several
construction companies were not ready to enter into long-term and large-scale
contracts, but Arco Vara wants to be the master of its own commercial schedule,"
says Miko-Ove Niinemäe, CEO of Arco Vara.

The construction company's margin on the construction of Arco Vara's
developments is limited, meaning that the construction company operates for the
profitability of the entire development and is not an independent profit-making

The new construction company's first project is the Kodulahe Rannakalda
residential development near the Stroomi beach.

Tiina Malm
Arco Vara AS
+372 614 4630