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Arco Vara AS
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12.05.2025 09:00:00
Pealkiri
Arco Vara omandas Lutheri Kvartali kinnistud
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Arco Vara AS tütarettevõtted Arco L Factory OÜ, Arco L Torn OÜ, Arco L Torn II OÜ ja Grupi Halduse OÜ omandasid tervikuna Lutheri Kvartali. Kvartal koosneb 15 kinnistust ja paikneb Tallinna kesklinnas Pärnu maantee, Tatari, Vana-Lõuna ja Vineeri tänavate vahel. Kvartalis kehtib detailplaneering, mis näeb ette brutoehitusmahu 95?000 m², sealhulgas 18?500 m² äripinda ja 33?000 m² elamispindade netopinda. Suurem osa detailplaneeringus toodud mahtudest on kaetud kehtivate ehituslubadega. Lutheri kvartali omandamishind on 35 miljonit eurot. Projekti koguinvesteering on hinnanguliselt 205 miljonit eurot. Järgneva kaheksa aasta jooksul arendab Arco Vara endise tööstuspiirkonna kaasaegseks äripindade, elamukinnisvara ja avaliku ruumiga segakasutusega linnakvartaliks. Ehitustööde kavandatud teostaja on Arco Tarc OÜ. Ehituse algus on kavandatud 2026. aastasse, projekt viiakse ellu etappidena. Esimese etapi eelmüük, mis hõlmab nelja hoone rajamist, on planeeritud 2026. aastasse. Tehingu finantseerimisstruktuuri lõpptulemusena tasutakse ostuhind kvartali müüjatele AS-i Arco Vara aktsiates, rahas ja AS LHV Pank laenukohustuse modifitseeritud ülevõtmisega AS Arco Vara poolt. Lutheri Kvartali arenduse eest tasumiseks on vajalik täiendavate investeeringute kaasamine mahus 17,5 miljonit eurot. Sellega seoses on Arco Vara AS otsustanud läbi viia aktsiakapitali suurendamise läbi suunatud aktsiaemissiooni. Emissioon suunatakse OÜ-le Alarmo Kapital ning uute investoritena Lutheri Kvartali kinnistute endistele omanikele Luther Factory OÜ ja Luther Factory Holding OÜ. Kavandatud suunatud aktsiaemissiooni raames on plaanis lasta välja kokku 6 980 000 uut aktsiat väljalaskehinnaga 2,5 eurot aktsia, millest 0,7 eurot on nimiväärtus ja 1,8 eurot ülekurss. Aktsia hind 2,5 eurot on määratud poolte kokkuleppel, silmas pidades nii tänaste kui uute AS Arco Vara aktsionäride varalisi huve, tehingule eelnenud keskmist börsihinda, tehinguga loodavat sünergiat ja täiendavat potentsiaali. Arco Vara bilansis säilib ligilähedaselt tehingueelne omakapitali ja intressikandvate kohustuse suhe 46/54. Arendusprojekti finantseerimisstruktuuri raames sõlmis Arco Vara AS enamusaktsionäri Alarmo Kapital OÜ-ga laenulepingu intressiga 6% aastas, mille alusel Alarmo Kapital OÜ kohustub andma Arco Vara AS-ile laenu summas 12 miljonit eurot. Sõlmiti ka aktsiate märkimise leping, mille kohaselt kohustub Alarmo Kapital OÜ märkima 2 100 000 Arco Vara AS aktsiat tasudes väljalaskehinna summas 5 250 000 eurot. Kavandatud aktsiakapitali suurendamise jõustumisel eeldatavalt 2025. aasta juuni lõpuks omab Alarmo Kapital OÜ vähemalt 8 780 000 Arco Vara AS aktsiat ning uued aktsionärid Luther Factory OÜ ja Luther Factory Holding OÜ omavad kokku 4 880 000 aktsiat. Arco Vara AS-i nõukogu esimees ja OÜ Alarmo Kapital esindaja Tarmo Sild: "Tehinguga kahekordistub Arco Vara varade maht, kuid omakapitali ja laenukohustuste vahekord ei muutu. Alarmo Kapital kavatseb säilitada Arco Vara enamusosaluse ja lisab ettevõttesse üle 5 miljoni euro omakapitali. Arco Vara potentsiaal aga vähemalt kolmekordistub, sest ainuüksi väljastatud ehituslubadega tagatud arendusmaht ületab tehingujärgselt 70 000 ruutmeetrit. Me paigutame oma raha arvestusega, et Tallinn on arenev linn. Arco Vara meeskond on kiiresti arenev, tubli kollektiiv, millel on tugev juht ja juhtimine." Darja Bolshakova Finantsjuht Arco Vara AS Tel: +372 614 4630 [email protected]
Pealkiri
Arco Vara Acquires Luther Quarter Properties
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Arco Vara AS subsidiaries Arco L Factory OÜ, Arco L Torn OÜ, Arco L Torn II OÜ, and Grupi Halduse OÜ have acquired full ownership of the Luther Quarter. The quarter consists of 15 properties and is located in central Tallinn, between Pärnu Road, Tatari, Vana-Lõuna, and Vineeri streets. A detailed plan is in place for the area, allowing for a gross building volume of 95,000 m², including 18,500 m² of commercial space and 33,000 m² of net residential area. Most of the volume indicated in the plan is already covered by valid building permits. The acquisition price of the Luther Quarter is EUR35 million. The total estimated investment for the project is EUR205 million. Over the next eight years, Arco Vara will develop the former industrial area into a modern mixed-use urban quarter with commercial space, residential properties, and public areas. The planned contractor for the construction works is Arco Tarc OÜ. Construction is scheduled to begin in 2026, and the project will be carried out in phases. The presale of the first phase, which includes the development of four buildings, is also planned for 2026. As a result of the financing structure of the deal, the purchase price will be paid to the sellers of the quarter in Arco Vara AS shares, cash, and through the modified assumption of loan obligations with AS LHV Pank by Arco Vara. To finance the development of the Luther Quarter, an additional EUR17.5 million in investment is required. Therefore, Arco Vara AS has decided to carry out a share capital increase through a directed share issue. The issue is directed at Alarmo Kapital OÜ and, as new investors, the previous owners of the Luther Quarter properties - Luther Factory OÜ and Luther Factory Holding OÜ. The planned directed share issue involves issuing a total of 6,980,000 new shares at an issue price of EUR2.50 per share, of which EUR0.70 is nominal value and EUR1.80 is share premium. The share price of EUR2.50 was mutually agreed upon, taking into account the financial interests of both existing and new Arco Vara shareholders, the average market price before the deal, the synergy created by the transaction, and the added potential. Arco Vara's balance sheet will maintain approximately the pre- transaction equity-to-debt ratio of 46/54. As part of the project's financing structure, Arco Vara AS entered into a loan agreement with majority shareholder Alarmo Kapital OÜ at an annual interest rate of 6%. Under the agreement, Alarmo Kapital OÜ will provide Arco Vara AS with a loan of EUR12 million. A share subscription agreement was also signed, under which Alarmo Kapital OÜ will subscribe to 2,100,000 Arco Vara AS shares for a total of EUR5.25 million. Following the planned share capital increase, expected to take effect by the end of June 2025, Alarmo Kapital OÜ will hold at least 8,780,000 Arco Vara AS shares, while new shareholders Luther Factory OÜ and Luther Factory Holding OÜ will jointly hold 4,880,000 shares. Chairman of the Supervisory Board of Arco Vara AS and representative of Alarmo Kapital OÜ, Tarmo Sild, stated: "With this transaction, the asset volume of Arco Vara doubles, but the equity-to-debt ratio remains unchanged. Alarmo Kapital intends to maintain its majority stake in Arco Vara and will inject over EUR5 million in equity into the company. Arco Vara's potential will at least triple, as the post-transaction development volume backed by existing building permits alone exceeds 70,000 square meters. We are investing based on the belief that Tallinn is a growing city. Arco Vara's team is fast-developing, capable, and led by strong management." Darja Bolshakova Chief Financial Officer Arco Vara AS Phone number: +372 614 4630 [email protected]