Market announcement

Arco Vara AS

Category

Other price sensitive information

Date

25.06.2008 15:10:54

Title

Arco Vara saab viis hektarit elamumaad Tallinnas Meriväljal

Message

Tallinna Linnavolikogu otsuse kohaselt annab Tallinna linn Arco Vara
tütarettevõttele Arco Investeeringute AS'ile 5,0 ha elamumaad. Arco
Investeeringute AS annab Tallinna linnale kokku 10,7 ha sotsiaal- ja
transpordimaad, kohustub tasuma 22,5 mln krooni (1,4 mln eurot) ning ehitab
piirkonda teid ja tehnovõrke esialgse hinnangu kohaselt 18,0 mln krooni (1,1
mln euro) väärtuses. 

Kokku koos olemasoleva elamumaaga ja vastavalt kehtivale detailplaneeringule
tekib Arco Investeeringute AS'il 56 elamukrunti kogupindalaga 6,8 ha. 
 
Arco Vara arendusdivisjoni juhataja Veiko Taevere sõnul lubab Tallinna
Linnavolikogu otsus Arco Investeeringutel lõpuni viia aastaid poolikuna seisnud
projekti. “Hea meel on tõdeda, et peale pikki ja keerukaid läbirääkimisi
Tallinna linnaga rahuldab saavutatud kompromiss kõiki osapooli ning Meriväljale
planeeritud elukeskkonnast saab tervik. Müügitegevusega plaanime alustada
järgmisel kevadel“. 

Arco Vara on Baltimaade juhtiv kinnisvaraettevõte, mis laieneb Ida-Euroopa
turgudel, opereerides juba Ukrainas, Bulgaarias ja Rumeenias. Ettevõtte tegevus
hõlmab nii kinnisvaravahendust, -arendust ja -ehitust. Firmal on esindused 29
linnas ning grupis töötab üle 600 inimese. Arco Vara 2007. Aasta
konsolideeritud auditeeritud käive moodustas 727 mln krooni (46 mln eurot),
puhaskasum enne vähemusosalusi 235 mln krooni (15 mln eurot) ja bilansimaht 3
564 mln krooni (228 mln eurot). Arco Vara aktsiad on noteeritud Tallinna
Börsil. 
 
1 EUR=15,6466 EEK

Heigo Metsoja
IRO
+372 6144 654
heigo.metsoja@arcovara.ee
http://www.arcorealestate.com

Title

Arco Vara receives five hectars of residential land in Tallinn in Merivälja district

Message

According to the decision of Tallinn municipality, Tallinn city gives to Arco
Investeeringute AS, a subsidiary of Arco Vara AS, 5,0 ha of residential land.
In return Arco Investeeringute AS must give to the city 10,7 ha of social and
transportation land, pay 22,5 mln kroons (1,4 mln euros) and make
infrastructure investments according to initial evaluation in amount of 18,0
mln kroons (1,1 mln euros). 

Including existing land position and zoning rights in the project Arco will
have in total 56 land plots with total area of 6,8 ha. 

According to the head of Arco's development division Mr. Veiko Taevere the
decision enables to complete the project finally. “It's great to know that
after long and complicated negotiations the compromise satisfies both parties
and we are able to complete the residential district. Sales activities will
start in spring”. 

Arco Vara is a leading real estate developer in the Baltic's, undergoing a SEE 
expansion with presence established already in Ukraine, Bulgaria and Romania.
The operations involve real estate development, brokerage and construction arm.
The company has offices in 29 cities and employs over 640 people. According to
2007 audited consolidated results net sales was 727 mln kroons (46 mln euros),
net profit before minorities 235 mln kroons (15 mln euros) and assets 3 564 mln
kroons (228 mln euros). Arco Vara is listed on Tallinn Stock Exchange. 

1 EUR=15,6466 EEK

Heigo Metsoja
IRO
+372 6144 654
heigo.metsoja@arcovara.ee
http://www.arcorealestate.com