Arco Invest UAB, a 100% subsidiary of Arco Investeeringute AS, signed a land acquisition deal in Vilnius, Lithuania. Two land plots in total size of 4 000 m2 situates in the district of Santariske and has a construction right of 6 500 m2. „Current market situation provides to Arco Vara favorable options in the Baltic's, that are necessary for the success of our long-term strategy“, says the CFO, Mr. Aare Tammemäe. In three years the company plans to construct there residential spaces. The acquisition is funded 100% by equity. Total expected capex of the project including the land acquisition is around 8,5 million eur. 1 EUR=15,6466 EEK Additional information: Heigo Metsoja Head of Investor Relations +372 6144 654 heigo.metsoja@arcovara.ee www.arcorealestate.com
Recommended Reading
-
NOTICE OF THE ANNUAL GENERAL MEETING, ITS AGENDA AND PROPOSED RESOLUTIONS Dear shareholder of Arco Vara AS, Notice is hereby given that the annual general meeting of Arco Vara AS (registry...
Read More -
Arco Vara AS announces a change in the structure of shareholders holding a significant participation. On 14 May 2026, Peeda OÜ informed Arco Vara AS that it had sold 400,000 shares of Arco Vara AS to...
Read More