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
26.01.2010: Detailed plan for the property at Paldiski Street 80 enforced
By the decision No. 239 of 26 November of the Tallinn City Council, the detailed plan for the surroundings of the property at Paldiski Street 80 was approved. The property at Paldiski Street 80 belongs to Wilson Kinnisvara OÜ, a 100% subsidiary of Arco Investeeringute AS.
The intended purpose of the property of 8,200 m² is commercial land. The maximum gross enclosed area allowed by the detailed plan is: on ground – 24,000 m², underground – 6,300 m². The number of planned parking places is 257.
The only difference from the current comprehensive plan is an increase in the planned height of the building. The maximum height of the building will be 44 meters and up to 12 storeys, however, this will not apply for the whole building volume.
The detailed plan was approved more than 30 calendar days ago. During this period, the detailed plan has not been contested. Now the deadline for raising claims is expired and the detailed plan approved for the surroundings of the property at Paldiski Street 80 has entered into force.
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 17 cities in Estonia, Latvia, Ukraine and Bulgaria and employs ca 170 people.
Arco Vara AS is listed on Tallinn Stock Exchange
1 EUR = 15,6466 EEK
Lembit Tampere
Juhatuse liige
Arco Vara AS
phone: +372 614 4630
info@arcovara.ee
www.arcorealestate.com
