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
6012
Submission date and time
30.03.2017 17:15:22
Content of announcement in Estonian
Title
Iztok Parkside projekt on ajagraafikust maas
Message
Arco Vara on varasemalt teavitanud (vt. 4. kvartali vahearuannet 16.
veebruarist 2017), et on seadnud eesmärgiks alustada Iztok Parkside
arendusprojekti ehitust 2017. aasta 1. kvartalis ning müüa projekt välja
esimeses kvartalis 2018.
Ehitus ei ole käesolevaks ajaks veel alanud, seoses viivitusega ehitusloa
saamisel Sofia kohalikult omavalitsuselt. Projekti arendatakse samaaegselt uue
juurdepääsutänava ehitusega kruntidele, mille omanikuks on riik. Sofia kohaliku
omavalitsuse seisukoht on, et tänavaaluste kruntide omanikuks olevad
riigiasutused ning kohalik omavalitsus peavad Iztok Parkside ehitusloa
eeltingimusena viima lõpule kas nimetatud kruntide munitsipaliseerimise või
neile servituudi seadmise. Juurdepääsutänava rajamine on sätestatud juba
jõustunud detailplaneeringus.
Projekti finantseerimisleping pangaga on kehtiv ning parim ehituspakkuja on
välja valitud. Ettevõte teeb kohaliku omavalitsusega koostööd, et kiirendada
riigile kuuluvate kruntide munitsipaliseerimist või servituudi seadmise
protsessi.
Iztok Parkside projekti maht on 68 korterit müüdava kogupindalaga (GSA) 7000 m2
ning oodatava müügituluga üle 8 miljoni euro.
Evelin Kanter
Juriidilise osakonna juht
Arco Vara AS
Tel: +372 614 4594
[email protected]
http://www.arcorealestate.com
Content of announcement in English
Title
Iztok Parkside project is behind the schedule
Message
Arco Vara AS has previously communicated (see Q4 interim report from February
16, 2017) that it aims to commence construction of Sofia Iztok Parkside
development project in Q1 2017 and sell it out by Q1 2018.
The construction is not yet commenced due to delay in obtaining the
construction permit from Sofia municipality. The project will be developed
simultaneously with construction of a new access street that will be built onto
state-owned landplots.
According to Sofia municipality, the respective Bulgarian state institutions
that own the land underneath the future access street and the municipality
itself must complete the process of either municipalization of those landplots
or registering a street servitude, before the construction permit can be
issued. Construction of the new access street is foreseen in the detail plan
that has entered into force.
The project financing agreement with a bank stays in force and the best offer
in construction tender has been chosen. The company cooperates with the
municipality to facilitate the land municipalization or servitude process.
Iztok Parkside project comprises 68 apartments with gross sellable area of 7000
sqm and expected sale revenue in excess of 8 million euros.
Evelin Kanter
Head of Legal Department
Arco Vara AS
Tel: +372 614 4594
[email protected]