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 price sensitive information
Unique data record identifier
2628
Submission date and time
02.03.2010 09:00:00
Content of announcement in Estonian
Title
Arco Vara sõlmis Merko Ehitusega töövõtu- ja finantseerimislepingu
Message
Arco Vara AS Konsterni 100% tütarettevõte AS Kolde ja AS Merko Ehitus sõlmisid 1. märtsil 2010 töövõtulepingu 4 kortermaja ehitamiseks ja finantseerimiseks Arco Vara Kodukolde arendusprojekti järgnevas etapis. Lepingu orienteeruv maksumus on kokku 80 mln krooni (5,2 mln eurot), mida AS Merko Ehitus rahastab projekti raames 40 mln krooni (2,6 mln eurot) krediidilimiidi ulatuses. Ehituse finantseerimise laenu lõpptähtaeg on veebruar 2013. Elamukompleks koosneb 96 korterist, suletud netopinnaga 6 370 m² ja kolmekümne kahest majadealusest garaaži boksist. Ehitustööd algavad kolme kuu jooksul alates lepingu allkirjastamisest ja kestavad kuni 20 kuud. Vastavalt töövõtulepingule valmivad esimesed kaks maja 2011. aasta kevadel. Lisainformatsioon: www.kodukolde.ee www.arcorealestate.com Arco Vara on Baltimaade üks juhtivaid kinnisvaraarenduse ettevõtteid, asutatud 1992. aastal. Ettevõtte põhitegevuseks on kinnisvaraarendus, mida toetavad enda kinnisvaravahendus ja hindamine, ehitus ning kinnisvarahaldus. Firmal on esindused 17 linnas Eestis, Lätis, Ukrainas ja Bulgaarias. Kontsernis töötab ca 170 inimest. 1 EUR=15,6466 EEK Lembit Tampere Juhatuse liige Arco Vara AS Tel: +372 614 4630 [email protected] http://www.arcorealestate.com
Content of announcement in English
Title
Arco Vara and Merko Ehitus executed a contracting and financing contract
Message
On 1 March 2010 AS Kolde, a 100% subsidiary of the Arco Vara AS Group, and AS Merko Ehitus concluded a contracting contract for building and financing of the construction of 4 apartment buildings of the next stage of Arco Vara's Kodukolde property development project. The estimated aggregate value of the contract is 80 million kroons (5.2 million euros), and the contract is financed by AS Merko Ehitus thorough providing a credit limit of up to 40 million kroons (2.6 million euros). The maturity date of the loan for financing the construction is February 2013. The residential complex consists of 96 apartments with the closed net area of 6370 m2, and of thirty-two underground garage units. Construction work will start within three months from the signing of the contract and will last for up to 20 months. According to the contracting contract the first two buildings will be completed in the spring of 2011. Additional information: www.kodukolde.ee www.arcorealestate.com Founded in 1992 Arco Vara is one of the leading property developers in the Baltic States. The main business of the company is property development, which is supported by the group's own property brokering, valuation, construction and property management units. The company has representative offices in 17 towns across Estonia, Latvia, Ukraine and Bulgaria. The Group has a staff of ca 170. 1 EUR=15.6466 EEK Lembit Tampere Member of the management board Arco Vara AS Tel: +372 614 4630 [email protected] http://www.arcorealestate.com