Market announcement
Arco Vara AS
Category
Other price sensitive information
Date
30.10.2009 17:16:48
Title
Lõppes kohtuvaidlus Tivoli projekti detailplaneeringu osas
Message
Tallinna Ringkonnakohtu otsusega lõpetati Narva mnt 67 kinnistu (nn Tivoli projekt) detailplaneeringut puudutav kohtuvaidlus. Täna, 30. oktoobril 2009 aastal jõustunud lahendi kohaselt lõpetati kohtumenetlus ning tühistati Tallinna Halduskohtu otsus Narva mnt. 67 detailplaneeringu kehtestamise tühistamiseks. Otsuse tulemusel jääb kinnistul kehtima 2008. aastal Tallinna Linnavolikogu poolt kehtestatud detailplaneering muutmata kujul. Arco Vara plaanib kinnistule arendada kuni 605 korteriga kaasaaegse elukeskkonna. Arco Vara AS on 1992. aastal Eestis asutatud kinnisvarakontsern, millest on tänaseks kujunenud üks Baltimaade juhtivamaid kinnisvaraarendusega tegelevaid suurettevõtteid. Kontserni põhitegevuseks on kinnisvaraarendus, vahendus, ost, müük, rentimine, hindamine, ehitus ja kinnisvarahaldus. Firmal on esindused 17. linnas Eestis, Lätis, Ukrainas ja Bulgaarias. Kontsernis töötab ca 250 inimest. Arco Vara AS aktsiad on noteeritud Tallinna Börsil. Lembit Tampere Juhatuse liige Arco Vara AS phone: +372 614 4630 info@arcovara.ee http://www.arcorealestate.com
Title
Litigation about the Tivoli project detailed plan settled
Message
By the decision of the Tallinn Circuit Court, the litigation about the detailed plan of the Narva mnt 67 property (the so-called Tivoli project) was settled. According to the decision entered into force on 30 October 2009, the trial was disposed and the Tallinn Administrative Court decision on annulment of the establishment of detailed plan of Narva mnt 67 was annulled. Based on the decision, the detailed plan approved by the Tallinn City Council in 2008 will remain into force without changes. Arco Vara plans to build a modern residential environment with up to 605 apartments on the property. Arco Vara is a leading real estate developer in the Baltic's, established in 1992. The company operations involve real estate development, brokerage, valuation, construction and property maintenance arm. The company is located in 17 cities in Estonia, Latvia, Ukraine and Bulgaria and employs ca 250 people. Arco Vara AS is listed on Tallinn Stock Exchange. Lembit Tampere CEO Arco Vara AS phone: +372 614 4630 info@arcovara.ee http://www.arcorealestate.com/