Arco Vara — M&A Activity 2021

Feb 18, 2021

Company Type Category Disclosure time Arco Vara AS Company Release Other corporate action 18 Feb 2021 16:49:36 +0200

Currency

Arco Vara is expanding its development activities in Kodulahe Title

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 (mailto:tiina.malm@arcovara.com)

Finantsinspektsioon http://www.fi.ee