Arco Tarc, A Subsidiary of Arco Vara Provides Update on Planning for the Next Stage of Arco Vara Kodulahe Development
March 07, 2024 at 03:47 am EST
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The Tallinn City Government approved the detailed planning for the next stage of Arco Vara Kodulahe development. At the address Soodi 6, three different types of apartment buildings are being built, with a total of only 62 apartments and four commercial spaces. The start of construction and sale of apartments in Soodi 6 is planned for the first half of 2024, and the completion of the construction in 2025.
The developer has planned an investment of 14 million euros. The main contractor of the object is Arco Tarc, a subsidiary of Arco Vara.
Arco Vara AS is an Estonia-based company active within the property industry. The Company focuses on the building construction, civil engineering, special engineering and real estate services. Its business consists of three segments: Development segment, which is engaged in the development of residential and commercial environments, as well as long-term investment in real estate; Service segment, which is involved in the real estate brokerage, valuation and management, and short-term investment in real estate, and Construction segment, which provides general and sub-contracting in the field of general construction, civil and environmental engineering, and construction supervision services. Arco Vara AS has numerous subsidiaries, including Arco Lozen EOOD, Acro Invest EOOD, and Acro Real Estate SIA. The Company operates in Estonia, Latvia and Bulgaria.