News

Arco Vara’s Soodi Street development receives building permit

Arco Vara received the building permit for the second-to-last phase of the Kodulahe residential quarter, located near Stroomi Beach at the Soodi 6 property. Construction began at the end of June. The main goal of the new development is to create a diverse living environment suitable for people of all ages, combining sustainable architecture, green […]

Kert Keskpaik appointed as Chairman of the Supervisory Board of Arco Vara

Arco Vara, the real-estate developer focused on integrated living environments and recent acquirer of the Luther Quarter in central Tallinn, has appointed long-standing Supervisory Board member and shareholder Kert Keskpaik as the new Chairman of the Supervisory Board According to former Chairman Tarmo Sild, Arco Vara has evolved over the past 13 years from an […]

Construction begins on Arco Vara’s development in Kristiine

Construction has started on Arco Vara’s latest residential development in the Kristiine district of Tallinn. By the end of 2026, two four-story apartment buildings will be completed on Spordi street, built by Arco Vara’s subsidiary Arco Tarc. “Our project on Spordi street is more than just a set of new homes – it’s a new […]

Arco Vara shareholders approve dividend and share issue

The annual general meeting of shareholders of the real estate developer Arco Vara was held on Thursday, during which the 2024 annual report, dividend policy, and a new share issue were approved. The meeting was attended by shareholders representing 74.6% of the total voting rights. According to the decision of the general meeting, Arco Vara […]

BREAKTHROUGH: Arco Vara to develop the long-awaited Luther Quarter

Real estate developer Arco Vara has signed an agreement to acquire the Luther Quarter and will begin developing the long-anticipated project in Tallinn’s city centre. The former industrial site will be transformed into a modern and pedestrian-friendly urban space that combines residential homes, office buildings, and leisure areas. The total investment will exceed 200 million […]

Darja Bolšakova appointed as Chief Financial Officer of Arco Vara

As of today, Darja Bolšakova joins real estate developer Arco Vara as Chief Financial Officer. With extensive experience in the financial sector, her main goal will be to support the company through its next phase of growth. According to Kristina Mustonen, CEO of Arco Vara, Bolšakova was chosen for her strong financial expertise and diverse […]

Real estate developer Arco Vara increased its sales revenue in the first quarter

Arco Vara, a developer of living environments, generated 1.7 million euros in revenue in the first quarter of 2025. According to the company’s CEO, the coming months will be focused on active sales and preparations for new developments. “The real estate market is showing the first signs of recovery, and buyer interest is gradually increasing,” […]

Arco Vara focuses on increasing development volumes in 2025

Real estate developer Arco Vara has published the audited version of its 2024 financial results, reflecting adaptation to market conditions and a strategic focus on long-term growth. In 2025, the company will continue developing new projects in both Estonia and Bulgaria. In 2024, Arco Vara continued to seek new investments and develop existing projects. “We […]