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
4226
Submission date and time
13.11.2013 10:41:31
Content of announcement in Estonian
Title
Arco Vara alustas Bulgaarias Manastirski Livadi elamukompleksi ehituse II etappi
Message
Arco Vara AS-i 100%-line tütarettevõte Bulgaarias Arco Manastirski EOOD sõlmis
12.11.2013. ehituslepingu 132 korteri ja 86 maa-aluse parkimiskohaga
Manastirski Livadi elamukompleksi A ja B blokkide ehituseks. Ehituslepingu maht
on käibemaksuta ligi 3,9 miljonit eurot. Ehituse maapealse müüdava pinna
suuruseks 12 500 m2 ja maa-aluse müüdava pinna suuruseks on 3 300 m2 .
Maa-alune osa on varasemalt osaliselt valmis ehitatud.
Ehitus algab 15.11.2013 ning ehitusperiood on 11 kuud. Ehituse peatöövõtuleping
sõlmiti firmaga Komfort OOD, kes valiti kaheksa pakkuja seast.
Kogu arenduse finantseerimiseks sõlmis Arco Manastirski EOOD 11.11.2013
laenulepingu Unicredit Bulbank AD-ga mahus 4,4 miljonit eurot. Laenu
intressimäär on 6-kuu Libor pluss 5,5%. Laenulepingu pikkuseks on 3 aastat.
Arco Manastirski EOOD-ile kuulub kogu Manastirski Livadi elamukompleksi krunt
koos kõikide ehitusõigustega, mis omandati Arco Invest EOOD-ilt 2013.a. suvel
restruktureerimise käigus. Arco Vara AS viis Piraeus panga Manastirski laenu
tagastamiseks ning Manastirski Livadi ja Madridi projektide eraldamiseks eraldi
tütarühingutesse läbi võlakirjaemissiooni mahus 750.000 EUR.
Arco Vara AS juhataja kommentaar: „Arco Vara eesmärk on 2014.a. novembriks
ehitada Sofias 132 korterit, kulutades selleks maksimaalselt 4,4 miljonit eurot
ja müüa need maha hiljemalt 2015.a. lõpuks minimaalselt 8 miljoni euro eest,
ning lunastada seejärel Arco Vara AS võlakirjad. Meie teine eesmärk on
Manastirski blokkide A ja B arendamisel rakendada kogu tootearenduse
oskusteavet, mille saime bloki C arendamisel ja väljamüügil. Meile jääb Sofias
lähiaastate arenduse reservi veel Manastirski bloki D alune maa, osaliselt
rajatud maa-alune osa ja ehitusõigus ca 70 korteri rajamiseks.“
Arco Vara AS on börsil noteeritud integreeritud kinnisvaraarenduse, -vahenduse
ja investeeringute juhtimise ettevõte, mis tegutseb Eesti, Läti ja Bulgaaria
turgudel.
Marko Err
Finantsjuht
Arco Vara AS
Tel: +372 614 4503
[email protected]
http://www.arcorealestate.com
Content of announcement in English
Title
Arco Vara started the II phase of Manastirski Livadi residential complex in Bulgaria
Message
Arco Vara AS’ 100% subsidiary in Bulgaria Arco Manastirski EOOD concluded on 12
November, 2013 a Construction Contract for building 132 apartments and 86
underground parking places in blocks A and B of Manastirski Livadi residential
complex. The Price of the Construction Contract is below 3,9 million EUR,
excluding VAT. The gross sellable area of the above-grade construction is 12
500 sq. m and the gross sellable area of underground construction is 3 300
sq.m. The underground section has been previously partially completed.
The construction will begin on 15 November, 2013 and the construction period is
11 months. The Construction Contract was concluded with Komfort OOD, a company
chosen from eight bidders.
In order to finance the whole development Arco Manastirski EOOD concluded a
Loan Contract with UniCredit Bulbank AD for 4,4 million EUR on 11 November,
2013. The interest rate of the loan is 3-month Euribor plus 5,5%. The term of
the Loan Contract is 3 years.
Arco Manastirski EOOD owns the whole land plot of Manastirski Livadi
residential complex together with all the building rights that were acquired
from Arco Invest EOOD in 2013 summer during restructuring. In order to repay
Piraeus Bank the Manastirski loan and separate Manastirski Livadi and Madrid
projects into different subsidiaries, Arco Vara AS conducted a bond issue in
the amount of 750 000 EUR.
The comment of the CEO of Arco Vara AS “The goal of Arco Vara is to build 132
apartments in Sofia by spending a maximum 4,4 million EUR by November 2014, and
sell them by end of 2015 for a minimum 8 million EUR and then redeem the bonds
of Arco Vara AS. Our second goal is to apply in development of the block A and
B all the knowhow that we have acquired from the development and sale of block
C. For the coming years we still have in reserve the land under Manastirski
block D, the constructed underground part and the building rights for
construction of approximately 70 apartments.“
Arco Vara AS is a listed integrated real estate development, real estate
exchange and investment management company that operates on the markets of
Estonia, Latvia and Bulgaria.
Marko Err
CFO
Arco Vara AS
Tel: +372 614 4503
[email protected]
http://www.arcorealestate.com