News
- 27.08.2010: INTERIM REPORT SECOND QUARTER AND SIX MONTHS 2010
- 05.08.2010: Explanation by Arco Vara to the information published this morning on entering
- 28.06.2010: Authorisation for use was granted to project of Arco Vara in Sofia
- 28.05.2010: FIRST QUARTER AND THREE MONTHS 2010 CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (UNAUDITED)
- 26.05.2010: Indrek Porila has began another litigation against Arco Vara AS
News
21.05.2009: Refinancing of “Bišumuiža 1” and “Kodukolde” project loans
Arco Vara Group refinanced in SEB bank in Riga “Bišumuiža 1” project loan. In the new contract Arco Vara has to pay in the 1st phase of the project 53% less principal per sold apartment and in the 2nd phase of the project 65% less principal per sold apartment. Base rate of the loans is 3-month Euribor and the margin is 3.0%.
In addition, Arco Vara Group refinanced in Sampo bank in Tallinn “Kodukolde” project loan. In the new contract Arco Vara has to pay 13.5% less principal per sold apartment. Base rate of the loan is 6-month Euribor and the margin is 2.0%.
Arco Vara is one of the leading real estate developer in the Baltic's, operating also in Ukraine and Bulgaria. Core business is real estate development supported by brokerage network, construction arm and property management. The company has offices in 18 cities and employs ca 240 people.
Arco Vara AS is listed on Tallinn Stock Exchange.
Arco Vara AS
