​New land plots are acquired in a suburb of Sofia, becoming the Botanica Lozen development project.


Arco Vara arranges a public offering of shares in the amount of 3,74 mln euros. The proceeds are mainly used for the acquisition of Botanica Lozen land plots.


Last units are sold in Lahepea 7 building.


​Construction of the II stage of Kodulahe (Lahepea 9) with 68 apartments and 1 commercial area begins.


​Ownership of Arco REIT in Bulgaria is sold.


​Ownerships of Estonian and Bulgarian real estate agencies are sold and licence agreements are signed with agencies. Arco Vara continues as a residential real estate developer in Estonia and Bulgaria.