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

3630

Submission date and time

11.04.2012 09:20:42

Content of announcement in Estonian

Title

09.04.2012 Arco Vara AS sai kasutusloa Sofias asuvale kortermajale

Message

Arco Vara AS 100% tütarettevõte Arco Invest EOOD sai kasutusloa Sofias,
Manastirski linnaosas valminud 74 korteriga elamule. 

Manastirski Livadi nime kandev arendusprojekt on 280 korterist ja 36 äripinnast
koosnev elamuprojekt Bulgaaria pealinna Sofia populaarses elamurajoonis ja on
oma 36,000 brutoruutmeeriga suurim Arco Vara poolt iseseisvalt arendatav
projekt ettevõtte ajaloos. 

Peatöövõtjaks oli Bulgaaria päritolu Planex Build OOD, finantseerijaks kreeka
päritolu Piraeus Bank Bulgaria AD, ehitusjärelvet teostas Ühendkuningriigi
päritolu Vector Management Bulgaria EOOD, tehnilist järelvalvet teostas samuti
Bulgaariast pärit Dikril Consult EOOD. 

Valminud hoone oma 74 korteri, 6 poe ja 6 ateljeega moodustab ca 27% kogu
projekti mahust, juba varasemalt on valminud maa-alune garaazh kogu
arendusprojekti tarbeks.  Elamu ehitusega alustati 2011. aasta aprillis ning
hoone on valminud tähtegselt ja vastavalt kinnitatud eelarvele. 

Eelmüügi lepingutega on kaetud 2/3 müüdavast pinnast ning järgneva kahe
kvartali jooksul antakse pinnad üle ostjatele.  Ostjateks on kohalikud
eraisikud ning ettevõtjad. 

Arco Vara hinnangul on projekt õnnestunud nii ettevõtte kui klientide
seisukohast, mille olulisimaks tunnistuseks on kõrge eelmüügi määr ning
tõsiasi, et klientideks on ennekõike korterite tegelikud kasutajad. 

Täiendav info:
Lembit Tampere
Juhatuse liige
6144630

Content of announcement in English

Title

09.04.2012 Arco Vara AS’s apartment building in Sofia receives a permit for use

Message

Arco Vara AS’s wholly-owned subsidiary Arco Invest EOOD has obtained a permit
for use for an apartment building containing 74 apartments in the Manastriski
district in Sofia. 

The Manastirski Livadi housing development project, which consists of 280
apartments and 36 commercial premises in a popular residential area in the
Bulgarian capital Sofia and has an area of 36,000 gross square metres, is
currently the largest project Arco Vara has ever independently developed. 

The general contractor was Planex Build OOD of Bulgarian origin, financing was
provided by Piraeus Bank Bulgaria AD of Greek origin, construction supervision
was provided by Vector Management Bulgaria EOOD of UK origin, and technical
supervision was provided by Dikril Consult EOOD of Bulgarian origin. 

The newly completed building with its 74 apartments, 6 shops and 6 studios
accounts for around 27% of the total project volume. An underground car park
for the entire project was completed earlier. Construction of the building
began in April 2011 and was completed on time and on confirmed budget. 

Two thirds of the area available for sale is covered by pre-sale agreements and
within the next two quarters the premises will be transferred to the buyers.
Buyers include local individuals and companies. 

Arco Vara believes that the project is a success from the point of view of both
the company and the customers. This is proven by the high presale rate
achieved, and the fact that most of the customers are the actual apartment
users. 

Further information:
Lembit Tampere
Member of the Management Board
6144630