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 corporate action

Unique data record identifier

8588

Submission date and time

18.02.2021 16:49:36

Content of announcement in Estonian

Title

Arco Vara laiendab arendustegevust Kodulahes

Message

Arco Vara tütarettevõte Arco Investeeringute AS võitis täna riigimaa oksjoni
aadressil Soodi tänav 6 Merimetsa, Kodulahe Kvartalis.

Kinnistu suurus on 5444 m(2), kus arendatakse kuni 6500 m(2) maapealset
elamukinnisvara (brutoehitusmaht). 2021. aastal alustatakse krundi
detailplaneeringu koostamisega.

Arco  Vara  AS-i  tegevjuht  Miko  Niinemäe: "Tegemist on ainulaadse piirkonnaga
Tallinnas,  kus on meri, mets ja rand elanikel peopesal. Kodulahe projekti kiire
müügitempo  näitab, et suudame pakkuda  puhkust linnamürast, kesklinna läheduses
ja kvaliteetselt."


Tiina Malm
Finantsjuht
Arco Vara AS
Tel: +372 614 4630
[email protected] (mailto:[email protected])

Content of announcement in English

Title

Arco Vara is expanding its development activities in Kodulahe

Message

A subsidiary of Arco Vara, Arco Investeeringute Aktsiaselts, won a state land
auction at Soodi street 6, Merimetsa, Kodulahe quarter.

The size of the land plot is 5,444 m(2) and the expected GBA is 6,500 m(2 )above
ground. In 2021, preparing the detailed spatial plan of the land plot will
begin.

Miko Niinemäe, CEO of Arco Vara AS, "It is a unique area in Tallinn, where the
sea, forest and beach are in the palm of residents' hand. The speed of sales of
Kodulahe project indicates that we can offer rest of the city noise, close to
the city center and with high quality."


Tiina Malm
CFO
Arco Vara AS
Tel: +372 614 4630
[email protected] (mailto:[email protected])