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
4852
Submission date and time
12.02.2015 12:20:18
Content of announcement in Estonian
Title
Arco Vara alustab Bulgaarias Manastirski Livadi elamukompleksi III etapi ehitust
Message
Arco Vara AS-i 100%-line tütarettevõte Bulgaarias Arco Manastirski EOOD sõlmis 11.02.2014 ehituslepingu Manastirski Livadi viimase, III etapi (nimetatud ka blokk D) ehituseks. Bloki D arendustoodeteks on 7 äripinda, 80 korterit ja 53 maa-alust garaažikohta. Ehituse maapealne müüdav pind (GSA) on ca 6 800 m2. Maa-alune osa on varasemalt osaliselt valmis ehitatud. Samuti ehitatakse valmis bloki D esine juurdepääsutänav. Ehitus algab 16.02.2015 ning ehituse valmimise tähtaeg on novembri lõpp 2015. Ehituse peatöövõtuleping sõlmiti firmaga Komfort OOD, kes ehitas valmis ka Manastirski Livadi II etapi. Ehituslepingu maksumus jääb alla 2,4 miljoni euro ilma käibemaksuta. Kogu ehitust finantseerib Unicredit Bulbank AD. Laenu intressimäär on 3 kuu Euribor + 4,5%. Sõlmitava laenulepingu pikkuseks on 22 kuud. Ehituslepingu sõlmimise kuupäeva seisuga on üle 15% projektist eelmüügilepingutega kaetud. Arco Vara AS juhataja kommentaar: „Me peame hoolitsema nii selle eest, et kliendid saaksid meilt alati sobiva toote osta ning müügi- ja tarneahel ei katkeks, kui ka selle eest, et uued tooted ei kannibaliseeriks veel müümata kortereid. Seoses Manastirski Livadi II etapi kiire valmisehituse ning ootusi ületava müügitempoga saabus optimaalne hetk viimase etapi ehituse alustamiseks. II ja III etapi tooted on disainitud ja hinnastatud erinevaid sihtgruppe silmas pidades ning III etapi ehituse ja eelmüügi ajal jätkub ka Manastirski II etapi viimaste korterite väljamüük. Bloki D müügitulu hakkab tekkima 2016. aasta I kvartalis. Meie eesmärk on müüa bloki D tooted maha hiljemalt 2016. aasta lõpuks vähemalt 4,5 miljoni euro eest ning teenida vähemalt 1 miljon eurot puhaskasumit.“ Arco Varal on samuti kavas lähiajal tagasi osta või ennetähtaegselt lunastada kõik Manastirski võlakirjad, mille nominaalväärtus on 750 tuhat eurot.
Content of announcement in English
Title
Arco Vara starts construction of the third phase of Manastirski Livadi residential complex in Bulgaria
Message
Arco Vara AS’ 100% subsidiary in Bulgaria Arco Manastirski EOOD concluded on 11 February 2015 a Construction Contract for building the last, third phase (also named as Block D) of Manastirski Livadi residential complex. Block D development products consist of 7 commercial units, 80 apartments and 53 underground parking places. The gross sellable area (GSA) of the above-grade construction is ca 6.800 sqm. The underground section has been previously partially completed. The construction also entails completion of the access street in front of Block D. The construction will begin on 16 February 2015 and the deadline for works completion is end of November 2015. The Construction Contract was concluded with Komfort OOD, the company which built also Manastirski Livadi Phase II. The price of Construction Contract remains below 2.4 million euros, excl VAT. The whole construction will be financed by Unicredit Bulbank AD. The interest rate of the loan is 3-month Euribor plus 4.5%. The term of the Loan Contract will be 22 months. As of the signing date of Construction Contract, more than 15% of the project is presold. Comment by CEO of Arco Vara AS: “We must consider simultaneously both that our clients could always purchase a suitable product from us and so keep the supply- and sales chain uninterrupted, and also that our upcoming products should not cannibalize the existing apartments that are not sold out yet. The optimal moment to commence construction of Block D came after quick completion of construction works in Phase II, and because the actual sales tempo of Phase II exceeded our expectations. The apartments of Phase II and Phase III have been designed and priced for different target groups. While we construct and pre-sell Phase III, we will also continue selling out the last remaining apartments in Phase II. We will start earning revenue from Block D in first quarter 2016. Our target is to sell Block D out by end of 2016 for at least 4.5 million euros and to make at least 1 million euros net profit.“ Arco Vara also intends in the short term to buy back or redeem all Manastirski Bonds with total nominal value of 750 thousand euros.