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
6295
Submission date and time
02.10.2017 16:49:09
Content of announcement in Estonian
Title
Algab Iztok Parkside projekti ehitus ja jätkub eelmüük
Message
30.03.2017 teavitas Arco Vara AS, et Iztok Parkside projekt Bulgaarias on
graafikust maas seoses viivitusega ehitusloa saamisel Sofia kohalikult
omavalitsuselt. Arco Vara AS-i Bulgaaria tütarettevõte täitis kõik ehitusloa
saamiseks vajalikud eeltingimused ning sai Iztok Parkside arendusprojekti
ehitusloa, mis jõustus 29.09.2017. Ehitus algab 2017. aasta oktoobris ning
esimeste korterite üleandmine jääb 2018. aasta 4. kvartali lõppu.
Arco Vara AS-i juhataja kommentaar: "Iztok Parkside projekt on meie esimene
arendusprojekt Bulgaarias, kus oleme enda jõududega lahendanud kõik
detailplaneeringu ja ehitusloaga seotud probleemid. Arvates kinnistu
omandamisest kulus selleks kaks aastat, mida oli oodatust kauem, kuid mis on
siiski hea tulemus. Tähtsaim on, et meil on Sofias arendustiim, kes suudab
lahendada komplitseeritud probleeme ning et me jätkame korterite eelmüüki.
Ehitusluba tähendab ka seda, et Arco Vara arendustesse ei teki suurt lünka.
Ehitus lõpeb Kodulahe 1. etapis ning algab Iztok Parksides."
Iztok Parkside arendusprojekti maht on 68 korterit, 7000m2 müüdavat pinda.
Korrigeeritud müügitulu essmärk ületab 9 miljonit eurot.
Evelin Kanter
Juriidilise osakonna juht
Arco Vara AS
Tel: +372 614 4594
[email protected]
http://www.arcorealestate.com
Content of announcement in English
Title
Construction of Iztok Parkside project will begin and and presales will continue
Message
On 30.03.2017, Arco Vara announced that Iztok Parkside project in Bulgaria is
behind the schedule due to delays in obtaining construction permit from Sofia
municipality. By today, the Bulgarian subsidiary of Arco Vara has fulfilled all
required conditions and has received construction permit for Iztok Parkside
development project, which came into force on 29.09.2017. Construction will
begin in October and first apartments are scheduled to be handed over in Q4
2018.
The CEO of Arco Vara commented: „Iztok Parkside is our first development
project in Bulgaria where we have solved all challenges related to detail plan
and construction permit with our own resources. It took us two years from the
time of the acquisition of the land plot, which is longer than we expected, but
which is still a good result. The most important thing is that we have a
development team in Sofia who is able to solve complicated problems, and that
we can continue presale of apartments. The construction permit also means that
Arco Vara will not have a significant gap in its developments timeline.
Construction will end in the first stage of Kodulahe and will commence in Iztok
Parkside.“
Iztok Parkside development project will have 68 apartments with GSA of 7000 m2.
The revised revenue expectation is above 9 mln euros.
Evelin Kanter
Head of Legal Department
Arco Vara AS
Tel: +372 614 4594
[email protected]
http://www.arcorealestate.com