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Tallinn - Delayed Quote EUR

Arco Vara AS (ARC1T.TL)

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1.4300

-0.0100

(-0.69%)

At close: February 21 at 2:49:32 PM GMT+2

Unaudited consolidated interim report for Q4 and 12 months of 2024

GROUP CEO’S REVIEW The fourth quarter of 2024 marked a period of adjustment for Estonia's real estate market, with both residential and commercial sectors experiencing shifts in pricing and occupancy rates. Base interest rates were stable compare to the previous quarter and the declined Euribor had an impact on the whole market, showing in the results of Arco Vara for the second half of the year. In the fourth quarter of 2024, Estonia's apartment market experienced an increase in transaction vol

GlobeNewswire 10 days ago

ARC1T.TL
-0.69%
Arco Vara bond issue

Arco Vara AS conducted a bond issue as a result of which bonds in the amount of 4,000,000 euros were issued. The issue date of the bonds is 13 December 2024 and the maturity date is 12 December 2026. 400 bonds were issued in the nominal value of 10,000 euros with interest rate 10% per year. The issued bonds were not guaranteed. The issued bonds have been paid for in full. The bond issue was conducted in accordance with Article 1 of Regulation (EU) 2017/1129 of the European Parliament and of the

GlobeNewswire 2 months ago

ARC1T.TL
-0.69%
The detailed spatial plan of the next stage of Kodulahe has been adopted

The Tallinn City Government has adopted the detailed spatial plan of a 1.42 hectare plot at Soodi 6 owned by Kodulahe Kvartal OÜ, a subsidiary of Arco Vara. In line with the adopted spatial plan, the developer is intending to build a group of houses which visually consists of three buildings but is interconnected below ground, forming the next stage of Kodulahe with a total of 62 apartments and 4 commercial premises. The building closest of Paldiski Road will have 5 floors, whereas the parts clo

GlobeNewswire 3 months ago

ARC1T.TL
-0.69%
Arco Vara is planning a bond issue

Arco Vara plans to issue bonds on 13.12.2024 in the maximum amount of 4 million euros with maturity date no later than 12.12.2026. The maximum amount of bonds shall be 400 with the nominal value of 10 000 euros. Planned interest rate is 10% per annum and interest payments will be made quarterly. The priority of subscribing bonds is the order of applications, i.e. first come, first served. Management board is authorized to change the conditions of the issue. The bond issue will be made in accorda

GlobeNewswire 3 months ago

ARC1T.TL
-0.69%
Unaudited consolidated interim report for Q3 and 9 months of 2024

GROUP CEO’S REVIEW The third quarter of 2024 marked a turning point for the Estonian real estate market, which showed signs of stabilization and gradual recovery after a prolonged period of decline. Lowered base interest rates and decreased Euribor had a significant impact on the whole market, which was also visible in the results of the third quarter of Arco Vara. The transaction volumes of the entire apartment market showed an increase compared to the same period in 2023 and a significant incr

GlobeNewswire 3 months ago

ARC1T.TL
-0.69%
Unaudited consolidated interim report for Q2 and 6 months of 2024

GROUP CEO’S REVIEW The decrease in activity of the real estate sector following the surge in Vitamin D has now become the norm, which is well illustrated by the Q2 results of Arco Vara. At that, the slight drop in base interest rates has not yet shown a significant impact. Despite low activity, our team has managed to continue sales of the Kodulahe Rannakalda project and we also commenced preliminary sales in the next stage of Kodulahe. While three homes were sold at Rannakalda in the previous q

GlobeNewswire 6 months ago

ARC1T.TL
-0.69%
Kristina Mustonen appointed as the new manager of Arco Vara AS

The Supervisory Board of Arco Vara has appointed Kristina Mustonen as the new manager of Arco Vara AS. According to the decision of the Supervisory Board, Kristina Mustonen's authority will take effect on July 15 2024 and will be valid for four years. Kristina Mustonen holds a Master's degree in Business Administration from the Estonian Business School. She worked at Maxima Eesti from 2007 to 2020, initially as a Purchase Manager, later as Head of Purchase Unit, and from 2015 as Chief Commercial

GlobeNewswire 7 months ago

ARC1T.TL
-0.69%
Detailed planning for the last stage of Kodulahe has been initiated

On 11.06.2024, the Tallinn City Government initiated the detailed planning of the plot belonging to Arco Vara subsidiary Kodulahe Kvartal OÜ, located at Lammi 6. The purpose of the detailed plan is to assign building rights to the last stage of the Kodulahe quarter: for the construction of up to eight apartment buildings with partly commercial spaces, one underground and up to four above-ground floors. CEO of Arco Vara Miko Niinemäe's comment: "A playground, greenhouses and courtyards with a wat

GlobeNewswire 8 months ago

ARC1T.TL
-0.69%
Dividend payment ex-date of Arco Vara AS

Arco Vara AS informs that the list of shareholders who are entitled to dividends shall be fixed on 6th of June 2024, as at the end of the working day of Nasdaq CSD Estonian Settlement System, and therefore the dividend payment ex-date is on 5th of June 2024. From that date the new owner of the shares is not entitled to dividends for the year 2023 paid out on the 13th of June 2024. Arco Vara AS will pay dividends to the shareholders in the net amount of 2 euro cents per share on 13th June 2024. N

GlobeNewswire 8 months ago

ARC1T.TL
-0.69%
Decisions of the Annual General Meeting of shareholders of Arco Vara AS

The annual general meeting of shareholders of Arco Vara AS held on 9 May 2024 adopted the following decisions: To approve the annual report of Arco Vara AS for 2023.To allocate the net profit for the year ended on 31 December 2023 in the amount of 3,550 thousand EUR to retained earnings. To pay dividends to the shareholders 0.06 euros per share. The dividend will be paid out in 4 instalments as follows: 0.02 euros per share will be paid to the shareholders on 13 June 2024 by transfer to the shar

GlobeNewswire 9 months ago

ARC1T.TL
-0.69%
Change in the management of Arco Vara AS

Miko Niinemäe, Chairman of the Board at Arco Vara is to leave the company, and the Supervisory Board has begun searching for a new board member, who will take over the leadership by the end of the year at the latest. Miko Niinemäe, who joined Arco Vara in 2017 and was elected as the company's CEO in 2020, said he can leave with peace of mind. "Seven years in one organization is quite a long period these days. Starting as the youngest manager of a listed company on the Tallinn Stock Exchange, a c

GlobeNewswire 9 months ago

ARC1T.TL
-0.69%
Arco Vara unaudited consolidated interim report for Q1 of 2024

GROUP CEO’S REVIEW The beginning of the year was dominated by the European Central Bank's benchmark rate cut, aimed at bringing about economic revival. However, instead of relying on factors that are outside of our control, we should continue to realize completed and planned developments, assessing them realistically. In the first quarter, we were mainly engaged in the preparation of the sale of completed apartments of the Kodulahe development and the sale of Soodi 6 development. In addition, we

GlobeNewswire 9 months ago

ARC1T.TL
-0.69%
Annual General Meeting of Arco Vara AS

NOTICE OF THE ANNUAL GENERAL MEETING, ITS AGENDA AND PROPOSED RESOLUTIONS Dear shareholder of Arco Vara AS, Notice is hereby given that the annual general meeting of Arco Vara AS (registry number 10261718; registered office at Rotermanni 10, Tallinn) will be held in Tallinn at Kodulahe pavilion (address Lammi 8) on 9 May 2024 at 5:15 pm. The general meeting will be followed by an investor event - the event is free of charge and does not require ownership of Arco Vara shares. The agenda of the an

GlobeNewswire 10 months ago

ARC1T.TL
-0.69%
2023 Annual Report of Arco Vara

GROUP CEO’S REVIEW While 2021 and 2022 were a sprint on the real estate market, last year marked the start of a marathon in the heat of Euribor. The base interest rates of the central bank have pushed both investors and consumers into a comfortable trot, waiting for the lowering of interest rates like a drinking station at a distance run to inject new energy into the economy. At the same time, looking back shows us positive signs that also alleviate future business risks of Arco Vara. For exampl

GlobeNewswire 10 months ago

ARC1T.TL
-0.69%
Arco Vara AS dividend policy proposal

The supervisory board and CEO of Arco Vara AS propose to continue with the dividend policy, which pays dividends quarterly: 2 cents in June, 1 cent in September, 2 cents in December and 1 cent per share in March. At the current ARC1T price level, that makes the dividend yield just over 3.6 percent. The list of shareholders entitled to receive quarterly dividends is fixed in all cases on the 6th of the same month. Miko-Ove Niinemäe, the CEO of Arco Vara: "The quarterly dividend has only received

GlobeNewswire 11 months ago

ARC1T.TL
-0.69%
Tallinn City Government approved the detailed plan for the next stage of Kodulahe

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. Miko-Ove Niinemäe, the CEO of Arco Vara: "Until the approval of the detailed plan, the design deadlines are in a gray area - no one knows exactly if or when the construction process will be reached. After establishing the detailed plan, w

GlobeNewswire 11 months ago

ARC1T.TL
-0.69%

Performance Overview

Return	ARC1T.TL	MSCI WORLD
YTD	-0.35%	+3.34%
1-Year	-10.79%	+17.37%
3-Year	-32.89%	0.00%

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Arco Vara AS (ARC1T.TL)

Unaudited consolidated interim report for Q4 and 12 months of 2024

Arco Vara bond issue

The detailed spatial plan of the next stage of Kodulahe has been adopted

Arco Vara is planning a bond issue

Unaudited consolidated interim report for Q3 and 9 months of 2024

Unaudited consolidated interim report for Q2 and 6 months of 2024

Kristina Mustonen appointed as the new manager of Arco Vara AS

Detailed planning for the last stage of Kodulahe has been initiated

Dividend payment ex-date of Arco Vara AS

Decisions of the Annual General Meeting of shareholders of Arco Vara AS

Change in the management of Arco Vara AS

Arco Vara unaudited consolidated interim report for Q1 of 2024

Annual General Meeting of Arco Vara AS

2023 Annual Report of Arco Vara

Arco Vara AS dividend policy proposal

Tallinn City Government approved the detailed plan for the next stage of Kodulahe

Performance Overview