Arco Vara Group prolonged under the same conditions SEB Bank's loans for „Navigator“ (Laeva 2) and „Tivoli“ (Narva road 67) projects in Tallinn till 30th of June 2010. Remained loan for “Navigator” project is 20 mio kroons (1,3 mio euros) and for “Tivoli” project 82,5mio kroons (5,3 mio euros). Interest rate is 6-month Euribor plus margin 2.75%.
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 approx. 170 people. Arco Vara AS is listed on Tallinn Stock Exchange.
EUR 1 = EEK 15.6466
Arco Vara AS
phone: +372 614 4630