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Creating homes in a
smart way

...directly tapping the market’s pulse

Key persons

Chairman of Supervisory Board

In company since 2012


Education:
University of Tartu; Faculty of Law, B.A.; 1998
University of Helsinki; Faculty of Law, further studies; 1997-1998
Vrije Universiteit Brussel; PILC; LL.M (cum laude); 1999

Work experience:   
1998 – 2003 Law office HETA, attorney at law and member of the management board
2003 – 2012 Law office LEXTAL, founder, attorney at law, member of the management board, counsel
Since 2000 – MFV Lootus OÜ, founder, member of the management board
Since 2008 – AS IuteCredit Europe, founder, member of the management board

Member of Management Board

In company since 2017


Education:

Tallinn University of Technology, Faculty of Engineering BSc; 2015

Tallinn University of Technology, Faculty of Engineering MSc; 2018

Work experience:

Since 2011 Founder; Babyface OÜ

2012-2017 Project sales; QLS Eesti OÜ

2017-2019 Project Manager; Kodulahe OÜ


2015 and 2016 Estonian Rally Champion in class EMV3.

Member of Supervisory Board

In company since 1993

Mr. Luitsalu has graduated from the University of Tartu with a decree in law in 1994. In 1993, Mr. Luitsalu joined Arco Vara AS and has been active in the management of different companies in Arco Vara Group since then. During the years 1999 - 2004 he Luitsalu was the member of the Management Board of Arco Vara AS. Mr Luitsalu has also served as member of Supervisory Board of Arco Vara AS since 2005.
Mr. Luitsalu serves as member of Management Board of OÜ HM Investeeringud, OÜ P457, Loodusvarade Halduse Mittetulundusühing, OÜ TIK Spordimaja, and as a member of the Supervisory Board of Arco Investeeringute AS and AS Kolde.
Mr. Luitsalu owns via his holding company OÜ HM Investeeringud a 5,403% (as at 7 July 2016) shareholding in Arco Vara AS. He resides in Tallinn.

 

Member of Supervisory Board

In company since 2013

Mr. Niinepuu has graduated Estonian Center of Maritime Education in 1992 as shipmaster. After two years’ work at Estonian Shipping Company, he established in 1994 his first company AS Kavass, that initially was involved in shipping consumables business and thereafter acquired and operated a local supermarkets set in Tallinn. Currently its main activities are providing management services and investing.
Mr. Niinepuu has served as Member of Supervisory Board of Arco Vara AS since 2013. He is also member of Management Board of Alarmo Kapital OÜ, Intelligent Robots OÜ and OÜ Kavass and Chairman of Supervisory Board of AS IuteCredit Europe.
Mr. Niinepuu owns via Alarmo Kapital OÜ a 7,9% shareholding in Arco Vara AS (as at 19 January 2015). He resides in Tallinn.

Member of Supervisory Board

In company since 2015

Mr. Keskpaik has graduated Tallinn Technical University in 2007 with a degree in business management. Mr. Keskpaik has been a practicing real estate broker in Tallinn until 2010.

Mr. Keskpaik is the founder and member of Management Board of OÜ K Vara. His company has been an active Tallinn Stock Exchange investor since 2000. Mr. Keskpaik also founded in 2001 a skating sports club Spordiklubi Albe Team where he serves as member of Management Board, and has won multiple Estonian Championships in speed skating and inline skating.

Mr. Keskpaik is also member of Management Board of Uisuklubi Albe ja Sporditurg OÜ and member of Supervisory Board of Arco Transport AS.

Mr. Keskpaik owns via OÜ K Vara and personally a 3,3% shareholding in the Arco Vara AS (as of 25 May 2016, according to Estonian CSD). He resides in Tallinn.

Member of Supervisory Board

In company since 2020


Education:

2001-2005 Tallinn University of Technology. Faculty of Engineering, graduated from applied geodesy diploma studies
2015-2018 Estonian Business School. Master of Business Administration (MBA)

Work experience:

2006-2010 1Partner Kinnisvara Tallinn OÜ – real estate appraiser
2010-2016 Ektornet Management Estonia OÜ – project manager of real estate investments
2016-2019 Kapitel AS (former name E.L.L. Kinnisvara AS) – project manager of commercial real estate developments
2019-… LHV Varahaldus AS – head of real estate investments


Rait Riim is in the Management Board of VH KV 001 OÜ (14803547), Silent Service OÜ (11462028) and Silent Way OÜ (12943020).

Rait Riim does not have any previous connections with Arco Vara AS and does not own directly or indirectly any shares of Arco Vara AS.

Member of Supervisory Board

In company since 2015

Mr. Gorelik has graduated Carnegie Mellon University and Columbia University. He joined Firebird Private Equity Advisors LLC in 2005 and currently serves there as Portfolio Manager. Mr. Gorelik also holds CFA (Chartered Financial Analyst) charter.
Mr. Gorelik is member of Supervisory Board of Farmsintez OAO (LIFE.MM).
Mr. Gorelik owns personally 3150 shares of Arco Vara AS (as at 19 January 2015). He resides in New York.