Arco Vara AS Concludes Construction of the Last Residential House of the Phase I of the Bišumuiža Development Project in Latvia
January 20, 2014 at 03:49 pm
Share
Arco Vara AS concluded a Construction Contract for building the last residential house of the Bišumuiža development project's phase I. The building will be completed in June 2014. The capacity of the Construction Contract without VAT is EUR 392,000. According to the Construction Contract 14 apartments with the gross sellable area of 960 sq.
m are to be constructed. The total capacity of phase I of the Bišumuiža development project is 9 residential houses with 126 apartments (total capacity over 10,000 sq. m).
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.
ARCO VARA 
