Market announcement
Arco Vara AS
LEI code
097900BHCB0000066171
Size of the entity
Small group
Economic activities
Professional, Scientific and Technical Activities
Country of registered office
Estonia
General information
Categories
Other corporate action
Unique data record identifier
10457
Submission date and time
03.07.2023 10:00:00
Content of announcement in Estonian
Title
Arco Vara Bulgaarias ärihoone müük jõudis lõpuni
Message
Arco Vara ASi tütarettevõte Arco Invest EOOD Bulgaaria pealinnas asuva ärihoone Madrid BLVD müük jõudis lõpuni. Tehingu hind oli 9,1 miljonit eurot - pärast kohustuste täitmist sai Arco Vara 4 miljonit eurot, mis suunatakse Kodulahe järgmiste etappide ja Harku järve äärde kavandatava Arcojärve elurajooni arendamisse. Arco Vara arendatud äri- ja elamuhoone Madrid BLVD valmis 2010. aastal. Kahe maa-aluse ja 9 maapealse korrusega hoones asub parkimismaja, korterid, kaubanduskeskus ja kontorid. Kõik hoones asuvad korterid on müüdud, kuid Arco Vara tegeles siiani kaubandus- ja kontoripindade üüriga, mida oli kokku ligikaudu 7500 m². Arco Vara juhi Miko Niinemäe kommentaar: ?Arco Vara järgmiste aastate strateegia näeb ette kvaliteetse elamukinnisvara arendamist. Kaubanduspindadega tegelemine vajab eraldi meeskonda ja vaid üht hoonet opereerides on üldkulu küllaltki suur. Tehingu toimumine näitab, et jätkame fookusega 200 kodu loomiseks igal aastal." Hoone müügi vormistamiseks asutati kolm ettevõtet: Office Cherkovna EOOD, Oborishte Premium Apartments EOOD ning Trade Center Cherkovna EOOD. Lõppmüügi toimumiseni kuulusid asutatud ettevõtted 100% Arco Vara grupi koosseisu. Tiina Malm Finantsjuht Arco Vara AS Tel: +372 614 4630 [email protected]
Content of announcement in English
Title
Arco Vara sold its Bulgarian office building
Message
Arco Invest EOOD, subsidiary of Arco Vara AS, has concluded the final sale agreement for the sale of the commercial building Madrid BLVD in the capital of Bulgaria. The transaction cost 9.1 million euros - after fulfilling the obligations, Arco Vara received 4 million euros, which will be directed to the next stages of Kodulahe and the development of the planned Arcojärvi residential area by Lake Harku. Madrid BLVD, a commercial and residential building developed by Arco Vara, was completed in 2010. The building, with two underground and nine above-ground storeys, includes a parking house, apartments, shopping centre and offices. All apartments in the building are sold, but Arco Vara was still involved in the lease of commercial and office premises, amounting to nearly 7,500 m2 in total. CEO of Arco Vara Miko Niinemäe comments: "Arco Vara's strategy for the next few years envisages the development of high-quality residential real estate. Dealing with commercial premises requires a separate team, and operating only one building makes the overall cost rather high. The transaction shows that we continue to focus on building 200 homes every year." Three companies were founded to finalise the sale: Office Cherkovna EOOD, Oborishte Premium Apartments EOOD and Trade Center Cherkovna EOOD. The new companies remained in 100% ownership of the Arco Vara group until the sale was finalised. Tiina Malm CFO Arco Vara AS Tel: +372 614 4630 [email protected]