The land is in full ownership of Arco Investeeringute AS, a subsidiary of Arco
Vara AS. The site locates in the very centre of the city at Ahtri street.
According to the zoning plan Arco can construct 6-storey commercial centre in
size of 7 776 m2 of gross space. There will be underground parking for 72 cars.
Project visuals are attached to this message. Additional information on the
project and for tenants can be found on the following site:
http://www.navigator.ee/
Arco Vara is a leading real estate developer in the Baltic's, undergoing a SEE
expansion with presence established already in Ukraine, Bulgaria and Romania.
The operations involve real estate development, brokerage, construction and
investment management arm. The company has offices in 29 cities and has in
total 640 employees. According to 2007 audited consolidated results net sales
was 727 mln kroons (46 mln euros), net profit before minorities 235 mln kroons
(15 mln euros) and assets 3 564 mln kroons (228 mln euros). Arco Vara is listed
on Tallinn Stock Exchange.
Heigo Metsoja
Project Finance and IR
+372 6144 654
Heigo.metsoja@arcovara.ee
http://www.arcorealestate.com
