Arco Real Estate started its first big real estate development project in 1995 when the development of the Veskimöldre residential area, today stretching on 80 hectares and a valued living environment in Tallinn, began.
Arco Real Estate built semi-detached houses, individual house plots with communications, apartment houses and row houses in Veskimöldre. Today, we are carrying out development projects in Estonia, Latvia and Bulgaria, focusing on apartment houses. Over the decades, we have built homes for thousands of people in the three countries.
You can view our finished projects here and ongoing real estate developments here.
Strategic goals of real estate development at Arco Vara:
• Concentration on three markets – Estonia, Latvia, and Bulgaria with the focus on their capital cities.
• The annual ROE of every new development project has to be at least 20%.
• Focusing on medium or volume developments (depending on market size: 50+ units) and equity investment of 2+ million euros.
• Taking advantage of the service division's valuable experience of 22 years – market analyses, customer and transaction bases
Real estate development services
• Market research – answers various questions, such as:
- What areas clients prefer when looking to buy a new residential unit?
- What are the new residential premises bought in a particular area like (apartments, row houses, individual houses)? What residential premises would be marketable in this area?
- What conditions should a residential project meet?
- What are the market prices of existing projects in the area? What are the trends concerning market prices?
- Who are the competitors? What are their projects lacking? What might be a competitive advantage?
• Architecture and planning – applying for required permits and approvals, preparation of documentation, organising architectural contests
• Marketing – creation of stories and conceptions for development projects, preparation of marketing communication plans, organisation of sales support, PR promotion of development projects, organisation of events
• Finance and cost-benefit analysis
• Management of real estate development process
• Brokerage of development project – our long-term experience in real estate sales, and the competent team ensure a targeted sales process meeting the expectations. We continuously monitor sales activity and fulfilment of plans, and prepare reports.