Arco Vara Group prolonged Sampo Bank's loan for „Ahtri 3“ project in Tallinn by 6 months. Loan amount is 94.3 mln kroons (6.0 mln euros) and interest 6-month Euribor plus margin 3.75%. Other loan conditions remained the same. During 6-month period the Group pays only interest. Arco Vara is a leading real estate developer in the Baltic's, established in 1992. The operations involve real estate development, brokerage, valuation, construction and property maintenance arm. The company is located in 18 cities in Estonia, Latvia, Ukraine and Bulgaria and employs approx. 250 people. Arco Vara AS is listed on Tallinn Stock Exchange. EUR 1 = EEK 15.6466 Lembit Tampere CEO Arco Vara AS phone: +372 614 4630 info@arcovara.ee http://www.arcorealestate.com/
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