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
5690
Submission date and time
20.09.2016 16:19:34
Content of announcement in Estonian
Title
Allkirjastati laenulepingud Iztok Parkside projekti finantseerimiseks Bulgaarias
Message
Iztok Parkside EOOD, üks Arco Vara AS-i arendustegevusega tegelevatest
Bulgaaria tütarettevõtetest, allkirjastas laenulepingu Raiffeisenbank Bulgaria
EAD-ga summas 4.9 mln eurot, finantseerimaks Iztok Parkside arendusprojekti
Sofias. Laenu tagasimaksetähtaeg on 2019. aasta juunis. Lisaks allkirjastati
Raiffeisenbank-iga eraldi laenuleping arendustegevuse kuludelt tekkivate
käibemaksukohustuste jooksvaks rahastamiseks. Koos tagavad need kaks
laenulepingut arendusprojekti kulude 100%-lise finantseerimise kuni projekti
lõpuni.
Raiffeisenbank Bulgaria EAD valiti välja nelja panga hulgast kui soodsaima
pakkumise tegija.
Iztok Parkside on elukondliku arenduse projekt kõrgelthinnatud Iztoki rajoonis
Novachnitsa jõe ja kavandatavate jaapani aedade kõrval. Selle läheduses asuvad
mitmed meelelahutusasutused, koolid, lasteaiad, metroo- ja teised
transpordiühendused. Projekti käigus ehitatakse kolm hoonet 68 korteriga ja
müüdava kogupinnaga 7730m2 (millele lisanduvad 17 maa-alust garaaži). Ehitus ja
eelmüük algavad plaanide kohaselt 2016. aasta viimases kvartalis.
Kristel Tumm
Finantsjuht
Arco Vara AS
Tel: +372 614 4662
[email protected]
http://www.arcorealestate.com
Content of announcement in English
Title
Loan agreements for financing Iztok Parkside project signed
Message
Iztok Parkside EOOD, a development subsidiary of Arco Vara AS in Bulgaria, has
signed an investment loan agreement with Raiffeisenbank Bulgaria EAD in the
amount of EUR 4.9 million for financing the development of the Iztok Parkside
project. The deadline for loan repayment is June 2019. In addition to the
investment loan, Iztok Parkside EOOD has also signed a revolving loan agreement
with Raiffeisenbank Bulgaria for covering ongoing VAT payments on development
costs. These two loan contracts together will secure 100% financing of costs
until full project completion.
Raiffesienbank Bulgaria EAD was chosen as the most favourable creditor out of
four bidders.
Iztok Parkside is a residential development project in the highly valued Iztok
district of Sofia, neighbouring Novachnitsa river and future Japanese gardens,
with various entertainment facilities, schools, kindergartens, subway and other
transport connections in the vicinity. The project foresees 3 buildings with a
total of 68 apartments and 7730m2 gross sellable area (plus 17 underground
garages). Construction and presales are planned to start in Q4 2016.
Kristel Tumm
CFO
Arco Vara AS
Tel: +372 614 4662
[email protected]
http://www.arcorealestate.com