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
Press release
Unique data record identifier
18250
Submission date and time
26.02.2026 09:00:00
Content of announcement in Estonian
Title
Arco Vara AS uueks tegevjuhiks saab Rait Riim
Message
Arco Vara AS nõukogu valis ettevõtte uueks tegevjuhiks Rait Riimi. Vastavalt nõukogu otsusele algavad Rait Riimi volitused 01.04.2026 ning kehtivad kolm aastat. Rait Riimil on 20-aastane kogemus kinnisvarasektoris. Alates 2019. aastast on ta töötanud LHV Varahaldus AS-is pensionifondide kinnisvarainvesteeringute juhina. Varasemalt on ta töötanud Kapitel AS-is arendusprojektide juhina ning Swedbanki tütarettevõttes Ektornet Management Estonia OÜ kinnisvaraportfelli juhina. Aastatel 2020-2021 oli Rait Riim Arco Vara AS-i nõukogu liige, esindades seal LHV Pensionifonde. Rait Riimi peamisteks eesmärkideks Arco Varas on Lutheri kvartali ja Arcojärve arenduste edukas elluviimine, arendusportfelli tasakaalustamine ning tugeva finantsdistsipliini hoidmine. Kert Keskpaik, Arco Vara AS nõukogu esimees: ?Nõukogul on väga hea meel, et Rait Riim liitub Arco Vara meeskonnaga ja aitab ellu viia ettevõtte pikaajalisi eesmärke. Nõukogu ootus uuele juhile on tagada Arco Vara kasv ja stabiilne kasumlikkus ning tänane arendusportfelli maht annab selleks kasvuks tugeva aluse. Jätkame kvaliteetsete elukeskkondade loomist, kus koduomanikel on hea elada, ning sama oluliseks peame ka Arco Vara aktsionäridele stabiilse tootluse pakkumist." Arco Vara AS uus juht Rait Riim: ?Arco Varaga liitumine on minu jaoks võimalus panustada ettevõtte järgmisse arenguetappi. Arco Vara ambitsioon on olla kinnisvaraarendaja, keda peetakse linnaruumi ja elukeskkonna kvaliteedi, kestlikkuse ning püsiva väärtuse võrdkujuks. Oluline on, et arendaja ei ehitaks pelgalt hooneid, vaid looks terviklikke keskkondi, mille üle koduomanikud tunnevad uhkust ning mille väärtus ajas kasvab. Ettevõtte arendusportfelli tugevus ja järgmise arenguetapi potentsiaal annavad võimaluse viia ellu mastaapseid ja linnaehituslikult olulisi projekte, mis eeldavad selget strateegilist vaadet ja tugevat finantsdistsipliini." Uus juhataja ei oma Arco Vara AS-i aktsiaid. Nõukogu otsusega kutsutakse Arco Vara AS senine juhataja Kristina Mustonen ettevõtte juhatusest tagasi 22.04.2026. Darja Bolshakova Finantsjuht Arco Vara AS [email protected] (mailto:[email protected])
Content of announcement in English
Title
Rait Riim appointed as the new CEO of Arco Vara AS
Message
The Supervisory Board of Arco Vara has appointed Rait Riim as the new CEO of Arco Vara AS. According to the decision of the Supervisory Board, Rait Riim's authority will take effect on April 1, 2026 and will be valid for three years. Rait Riim has 20 years of experience in the real estate sector. Since 2019, he has been working as Head of Real Estate Investments at LHV Varahaldus AS. Previously, he has served as Development Project Manager at Kapitel AS and as Real Estate Portfolio Manager at Ektornet Management Estonia OÜ, a subsidiary of Swedbank. From 2020 to 2021, Rait Riim was a member of the Supervisory Board of Arco Vara AS, representing LHV Pension Funds. Rait Riim's main priorities at Arco Vara are the successful execution of the Luther Quarter and Arcojärve developments, balancing the development portfolio, and maintaining strong financial discipline. Kert Keskpaik, Chairman of the Supervisory Board of Arco Vara AS: "The Supervisory Board is very pleased that Rait Riim is joining the Arco Vara team and will help deliver the company's long-term objectives. The Supervisory Board expects the new CEO to ensure Arco Vara's growth and stable profitability. Our current development portfolio provides a strong foundation for this growth. We continue to create high-quality living environments where homeowners feel comfortable living, and we consider it equally important to provide Arco Vara's shareholders with a stable return." Rait Riim, Chairman of the Management Board of Arco Vara: "Joining Arco Vara is an opportunity for me to contribute to the company's next stage of growth. Arco Vara's ambition is to be a real estate developer recognised as a benchmark for urban space and living environment quality, sustainability and long-term value. It is important that a developer does not merely construct buildings, but creates comprehensive environments that homeowners can be proud of and whose value grows over time. The strength of the company's development portfolio and its next stage of growth provide the opportunity to deliver large-scale and urbanistically significant projects that require a clear strategic vision and strong financial discipline." The new manager does not own shares of Arco Vara AS. According to the decision of the Supervisory Board, Kristina Mustonen will be recalled from the Management Board of Arco Vara AS as of 22.04.2026. Darja Bolshakova CFO Arco Vara AS [email protected] (mailto:[email protected])