Arco Balti Kinnisvaraportfell AS, managed by AVEC Asset Management AS, concluded a share issue in amount of 55,5 million kroons (3,55 million euros).

| Source: Arco Vara Arco Vara 

AS Arco Balti Kinnisvaraportfell is a real estate investment company that
acquires only cash flow generating property and current portfolio includes 11
objects. 
 
AVEC Asset Management AS is a joint venture of Arco Vara and East Capital. It
has a management agreement with two companies: AS Arco Balti Kinnisvaraportfell
with assets over 350 million kroons (22,4 million euros) and Explorer Property
Fund - Baltic States AB with assets over 3 160 million kroons (202 million
euros). 
 
 
Additional information:
Heigo Metsoja
Head of Investor Relations
+372 6144 654
heigo.metsoja@arcovara.ee
http://www.arcorealestate.com