Arco Vara Commences Construction of Padel Venue at Helme 18, Tallinn
February 08, 2024 at 03:00 am EST
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Arco Vara announced that it will build a modern padel venue at Helme 18, Tallinn, where a fully automatic padel center with six indoor courts will be housed in a one-story building with an area of approximately 2,000 square meters. Versatile opportunities for both recreational and competitive sports will be created in the building. Construction works on the sports venue that has already received a construction permit will begin this February 2024, and according to plans, the official opening of the center will take place at the beginning of 2025, when Tallinn receives the title of European Capital of Sports.
The building will be built by Arco Vara's subsidiary Arco Tarc, and the center will be operated by Padelstar.
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.