Arco Vara launches construction of two new development projects

Companies belonging to the Arco Vara group are launching the construction of two
new residential real estate development projects in Tallinn.

Phase VII of the Kodulahe quarter - Merimetsa, Tallinn

Following  the issuance of the building permit, Kodulahe Kvartal OÜ is launching
the  construction of  the seventh  phase of  the Kodulahe  quarter at  Soodi 6,
Tallinn. The project includes the construction of three apartment buildings with
a  total of  62 apartments (ranging  from 1 to  5 rooms) and commercial premises
with  a total area of 263 m². The net  sellable area of the apartments is 4,270
m².  The expected total  revenue of the  development is approximately 16 million
euros.  The  buildings  are  scheduled  for  completion in the fourth quarter of
2026. Apartment sales have already started.

Spordi Street development - Kristiine, Tallinn

Arco  Vara's subsidiary Arco Spordi OÜ acquired properties with building permits
at  Spordi  3a and  3b in  Tallinn  in  the  spring of 2025. The project has now
entered  the  construction  phase.  The  development  consists  of two apartment
buildings  with an underground parking garage. A total of 56 apartments (ranging
from  2 to 5 rooms) will  be built, several  of which will  feature balconies or
terraces.  The net sellable area of the apartments is 4,300 m². Pre-sales of the
apartments  began in the second quarter of 2025, and the buildings are scheduled
for completion by the end of 2026. The estimated total revenue of the project is
17 million euros.

The  general contractor  for both  developments is  Arco Tarc OÜ, a construction
company belonging to the Arco Vara group.

Comment from Arco Vara CEO Kristina Mustonen:

    "Our 2025 action plan is progressing steadily - the start of construction
    for both the Kodulahe and Spordi projects clearly confirms this. We are
    delivering on our promises to investors and executing the planned
    developments on schedule. For us, it's a matter of trust. In terms of
    content, we are focused on homes that resonate with both residents and
    investors - through well-thought-out layouts, contemporary architecture, and
    high-quality urban space."



Darja Bolshakova
CFO
Arco Vara AS
+372 6144 630
[email protected] (mailto:[email protected])