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ARC1T - Arco Vara AS News Story

€1.6 -0.0  -0.6%

Last Trade - 16/04/21

Sector
Financials
Size
Micro Cap
Market Cap £12.5m
Enterprise Value £19.8m
Revenue £12.2m
Position in Universe 504th / 795

Arco Vara is expanding its development activities in Kodulahe

Thu 18th February, 2021 2:49pm
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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
tiina.malm@arcovara.com
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