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.