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

9854

Submission date and time

05.10.2022 09:00:00

Content of announcement in Estonian

Title

Arco Vara laiendab arendustegevust Kodulahes

Message

Arco Vara tütarettevõte Kodulahe OÜ võitis riigimaa oksjoni aadressil Lammi
tänav 6 Merimetsa, Kodulahe Kvartalis.

Kinnistu suurus on 14 553 m(2), kus arendatakse ligikaudu 17 000 m(2) maapealset
elamu- ja ärikinnisvara (brutoehitusmaht). Projekti hinnanguline
koguinvesteering on 45 miljonit eurot. 2022. aastal alustatakse krundi
detailplaneeringu koostamisega.

Arco  Vara AS-i tegevjuht  Miko Niinemäe: "Kodulahe  arendus pole enam paar maja
Haaberstis,  vaid suuresti Arco Vara poolt arendatav elamukvartal. Kodulahe näol
on  tegemist  on  ainulaadse  piirkonnaga  Tallinnas,  kus on meri, mets ja rand
elanikel  peopesal.  Jätkame  oma  kinnisvaraarenduse  suunaga  pakkudes puhkust
linnamürast, kesklinna läheduses ja seda 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, Kodulahe OÜ, won a state land auction at Lammi street
6, Merimetsa, Kodulahe quarter.

The size of the land plot is 14,553 m(2) and the expected GBA is 17,000 m(2
)above ground. The estimated investment for the project is 45 million euros. In
2022, preparing the detailed plan of the land plot will begin.

Miko Niinemäe, CEO of Arco Vara AS, "The Kodulahe development is no longer a few
houses in Haabersti, but a residential quarter developed in larger scale by Arco
Vara. Kodulahe is a unique area in Tallinn, where the sea, forest and beach are
in the palm of residents' hand. We continue to 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])