{"id":4968,"date":"2025-07-22T06:39:49","date_gmt":"2025-07-22T06:39:49","guid":{"rendered":"https:\/\/arcovara.com\/?p=4968"},"modified":"2025-07-22T06:39:50","modified_gmt":"2025-07-22T06:39:50","slug":"kinnisvaraarendaja-arco-vara-valjub-bulgaaria-turult","status":"publish","type":"post","link":"https:\/\/arcovara.com\/en\/kinnisvaraarendaja-arco-vara-valjub-bulgaaria-turult\/","title":{"rendered":"Arco Vara to exit Bulgarian real estate market"},"content":{"rendered":"<div class=\"block block-paragraph gutters\"><section class=\"content-block content-text\"> <div class=\"container\">\n<p><strong>Real estate developer Arco Vara has announced its intention to exit the Bulgarian market in order to focus more strongly on its core market in Estonia. The company has initiated a strategic withdrawal process.<\/strong><\/p>\n<\/div><\/section><\/div><div class=\"block block-paragraph gutters\"><section class=\"content-block content-text\"> <div class=\"container\">\n<p>According to Kristina Mustonen, CEO of Arco Vara, this is a forward-looking step that allows the company to concentrate its resources on key developments in Estonia. \u201cOur large-scale project in the Luther Quarter \u2013 one of the most attractive development areas in Tallinn \u2013 requires strong leadership, attention, and financial capacity. By freeing up resources from Bulgaria, we are better positioned to unlock the growth potential of our Estonian projects and strengthen our presence in the local market,\u201d said Mustonen.  <\/p>\n<\/div><\/section><\/div><div class=\"block block-paragraph gutters\"><section class=\"content-block content-text\"> <div class=\"container\">\n<p>The company has already begun the process of selling its Bulgarian subsidiary and has attracted interest from several local developers. Prospective buyers are invited to submit their offers for acquiring the Bulgarian business. <\/p>\n<\/div><\/section><\/div><div class=\"block block-paragraph gutters\"><section class=\"content-block content-text\"> <div class=\"container\">\n<p>Kert Keskpaik, chairman of the Supervisory Board of Arco Vara, emphasized that the decision was not made lightly, as Arco Vara has achieved significant milestones in Bulgaria, including building a strong local team and delivering high-quality developments. \u201cNevertheless, we believe that focusing our efforts in Estonia is strategically sound for ensuring Arco Vara\u2019s long-term growth and increasing shareholder value. The potential of our Estonian projects is now greater than ever,\u201d he stated. <\/p>\n<\/div><\/section><\/div><div class=\"block block-paragraph gutters\"><section class=\"content-block content-text\"> <div class=\"container\">\n<p>Arco Vara entered the Bulgarian market in 2006 and has since developed several comprehensive residential environments in Sofia, including the Manastirski Livadi development in the southern part of the capital, Iztok Parkside in the city center, the Madrid BLVD commercial and residential building, and the Botanica Lozen residential community.  <\/p>\n<\/div><\/section><\/div><div class=\"block block-paragraph gutters\"><section class=\"content-block content-text\"> <div class=\"container\">\n<p><\/p>\n<\/div><\/section><\/div>","protected":false},"excerpt":{"rendered":"<p>Real estate developer Arco Vara has announced its intention to exit the Bulgarian market in order to focus more strongly on its core market in Estonia. The company has initiated a strategic withdrawal process. According to Kristina Mustonen, CEO of Arco Vara, this is a forward-looking step that allows the company to concentrate its resources [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":4964,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-4968","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Arco Vara to exit Bulgarian real estate market - Arco Vara<\/title>\n<meta name=\"description\" content=\"Real estate developer Arco Vara has announced its intention to exit the Bulgarian market in order to focus more strongly on its core market in Estonia. The company has initiated a strategic withdrawal process.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/arcovara.com\/en\/kinnisvaraarendaja-arco-vara-valjub-bulgaaria-turult\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Arco Vara to exit Bulgarian real estate market - Arco Vara\" \/>\n<meta property=\"og:description\" content=\"Real estate developer Arco Vara has announced its intention to exit the Bulgarian market in order to focus more strongly on its core market in Estonia. The company has initiated a strategic withdrawal process.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/arcovara.com\/en\/kinnisvaraarendaja-arco-vara-valjub-bulgaaria-turult\/\" \/>\n<meta property=\"og:site_name\" content=\"Arco Vara\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-22T06:39:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-07-22T06:39:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/arcovara.com\/wp-content\/uploads\/2025\/07\/kristina-mustonen-2-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1692\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"henrika\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"henrika\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/arcovara.com\\\/en\\\/kinnisvaraarendaja-arco-vara-valjub-bulgaaria-turult\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/arcovara.com\\\/en\\\/kinnisvaraarendaja-arco-vara-valjub-bulgaaria-turult\\\/\"},\"author\":{\"name\":\"henrika\",\"@id\":\"https:\\\/\\\/arcovara.com\\\/#\\\/schema\\\/person\\\/bdb7b0df8422e30400c274ac52427650\"},\"headline\":\"Arco Vara to exit Bulgarian real estate market\",\"datePublished\":\"2025-07-22T06:39:49+00:00\",\"dateModified\":\"2025-07-22T06:39:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/arcovara.com\\\/en\\\/kinnisvaraarendaja-arco-vara-valjub-bulgaaria-turult\\\/\"},\"wordCount\":274,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/arcovara.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/arcovara.com\\\/en\\\/kinnisvaraarendaja-arco-vara-valjub-bulgaaria-turult\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/arcovara.com\\\/wp-content\\\/uploads\\\/2025\\\/07\\\/kristina-mustonen-2-scaled.jpg\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/arcovara.com\\\/en\\\/kinnisvaraarendaja-arco-vara-valjub-bulgaaria-turult\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/arcovara.com\\\/en\\\/kinnisvaraarendaja-arco-vara-valjub-bulgaaria-turult\\\/\",\"url\":\"https:\\\/\\\/arcovara.com\\\/en\\\/kinnisvaraarendaja-arco-vara-valjub-bulgaaria-turult\\\/\",\"name\":\"Arco Vara to exit Bulgarian real estate market - Arco Vara\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/arcovara.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/arcovara.com\\\/en\\\/kinnisvaraarendaja-arco-vara-valjub-bulgaaria-turult\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/arcovara.com\\\/en\\\/kinnisvaraarendaja-arco-vara-valjub-bulgaaria-turult\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/arcovara.com\\\/wp-content\\\/uploads\\\/2025\\\/07\\\/kristina-mustonen-2-scaled.jpg\",\"datePublished\":\"2025-07-22T06:39:49+00:00\",\"dateModified\":\"2025-07-22T06:39:50+00:00\",\"description\":\"Real estate developer Arco Vara has announced its intention to exit the Bulgarian market in order to focus more strongly on its core market in Estonia. The company has initiated a strategic withdrawal process.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/arcovara.com\\\/en\\\/kinnisvaraarendaja-arco-vara-valjub-bulgaaria-turult\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/arcovara.com\\\/en\\\/kinnisvaraarendaja-arco-vara-valjub-bulgaaria-turult\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/arcovara.com\\\/en\\\/kinnisvaraarendaja-arco-vara-valjub-bulgaaria-turult\\\/#primaryimage\",\"url\":\"https:\\\/\\\/arcovara.com\\\/wp-content\\\/uploads\\\/2025\\\/07\\\/kristina-mustonen-2-scaled.jpg\",\"contentUrl\":\"https:\\\/\\\/arcovara.com\\\/wp-content\\\/uploads\\\/2025\\\/07\\\/kristina-mustonen-2-scaled.jpg\",\"width\":2560,\"height\":1692},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/arcovara.com\\\/en\\\/kinnisvaraarendaja-arco-vara-valjub-bulgaaria-turult\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/arcovara.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Arco Vara to exit Bulgarian real estate market\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/arcovara.com\\\/#website\",\"url\":\"https:\\\/\\\/arcovara.com\\\/\",\"name\":\"Arco Vara\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/arcovara.com\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/arcovara.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/arcovara.com\\\/#organization\",\"name\":\"Arco Vara\",\"url\":\"https:\\\/\\\/arcovara.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/arcovara.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/arcovara.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/Arco-Vara_logo_8-1.png\",\"contentUrl\":\"https:\\\/\\\/arcovara.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/Arco-Vara_logo_8-1.png\",\"width\":1440,\"height\":396,\"caption\":\"Arco Vara\"},\"image\":{\"@id\":\"https:\\\/\\\/arcovara.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/arcovara.com\\\/#\\\/schema\\\/person\\\/bdb7b0df8422e30400c274ac52427650\",\"name\":\"henrika\",\"url\":\"https:\\\/\\\/arcovara.com\\\/en\\\/author\\\/henrika\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Arco Vara to exit Bulgarian real estate market - Arco Vara","description":"Real estate developer Arco Vara has announced its intention to exit the Bulgarian market in order to focus more strongly on its core market in Estonia. The company has initiated a strategic withdrawal process.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/arcovara.com\/en\/kinnisvaraarendaja-arco-vara-valjub-bulgaaria-turult\/","og_locale":"en_US","og_type":"article","og_title":"Arco Vara to exit Bulgarian real estate market - Arco Vara","og_description":"Real estate developer Arco Vara has announced its intention to exit the Bulgarian market in order to focus more strongly on its core market in Estonia. The company has initiated a strategic withdrawal process.","og_url":"https:\/\/arcovara.com\/en\/kinnisvaraarendaja-arco-vara-valjub-bulgaaria-turult\/","og_site_name":"Arco Vara","article_published_time":"2025-07-22T06:39:49+00:00","article_modified_time":"2025-07-22T06:39:50+00:00","og_image":[{"width":2560,"height":1692,"url":"https:\/\/arcovara.com\/wp-content\/uploads\/2025\/07\/kristina-mustonen-2-scaled.jpg","type":"image\/jpeg"}],"author":"henrika","twitter_card":"summary_large_image","twitter_misc":{"Written by":"henrika","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/arcovara.com\/en\/kinnisvaraarendaja-arco-vara-valjub-bulgaaria-turult\/#article","isPartOf":{"@id":"https:\/\/arcovara.com\/en\/kinnisvaraarendaja-arco-vara-valjub-bulgaaria-turult\/"},"author":{"name":"henrika","@id":"https:\/\/arcovara.com\/#\/schema\/person\/bdb7b0df8422e30400c274ac52427650"},"headline":"Arco Vara to exit Bulgarian real estate market","datePublished":"2025-07-22T06:39:49+00:00","dateModified":"2025-07-22T06:39:50+00:00","mainEntityOfPage":{"@id":"https:\/\/arcovara.com\/en\/kinnisvaraarendaja-arco-vara-valjub-bulgaaria-turult\/"},"wordCount":274,"commentCount":0,"publisher":{"@id":"https:\/\/arcovara.com\/#organization"},"image":{"@id":"https:\/\/arcovara.com\/en\/kinnisvaraarendaja-arco-vara-valjub-bulgaaria-turult\/#primaryimage"},"thumbnailUrl":"https:\/\/arcovara.com\/wp-content\/uploads\/2025\/07\/kristina-mustonen-2-scaled.jpg","inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/arcovara.com\/en\/kinnisvaraarendaja-arco-vara-valjub-bulgaaria-turult\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/arcovara.com\/en\/kinnisvaraarendaja-arco-vara-valjub-bulgaaria-turult\/","url":"https:\/\/arcovara.com\/en\/kinnisvaraarendaja-arco-vara-valjub-bulgaaria-turult\/","name":"Arco Vara to exit Bulgarian real estate market - Arco Vara","isPartOf":{"@id":"https:\/\/arcovara.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/arcovara.com\/en\/kinnisvaraarendaja-arco-vara-valjub-bulgaaria-turult\/#primaryimage"},"image":{"@id":"https:\/\/arcovara.com\/en\/kinnisvaraarendaja-arco-vara-valjub-bulgaaria-turult\/#primaryimage"},"thumbnailUrl":"https:\/\/arcovara.com\/wp-content\/uploads\/2025\/07\/kristina-mustonen-2-scaled.jpg","datePublished":"2025-07-22T06:39:49+00:00","dateModified":"2025-07-22T06:39:50+00:00","description":"Real estate developer Arco Vara has announced its intention to exit the Bulgarian market in order to focus more strongly on its core market in Estonia. The company has initiated a strategic withdrawal process.","breadcrumb":{"@id":"https:\/\/arcovara.com\/en\/kinnisvaraarendaja-arco-vara-valjub-bulgaaria-turult\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/arcovara.com\/en\/kinnisvaraarendaja-arco-vara-valjub-bulgaaria-turult\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/arcovara.com\/en\/kinnisvaraarendaja-arco-vara-valjub-bulgaaria-turult\/#primaryimage","url":"https:\/\/arcovara.com\/wp-content\/uploads\/2025\/07\/kristina-mustonen-2-scaled.jpg","contentUrl":"https:\/\/arcovara.com\/wp-content\/uploads\/2025\/07\/kristina-mustonen-2-scaled.jpg","width":2560,"height":1692},{"@type":"BreadcrumbList","@id":"https:\/\/arcovara.com\/en\/kinnisvaraarendaja-arco-vara-valjub-bulgaaria-turult\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/arcovara.com\/en\/"},{"@type":"ListItem","position":2,"name":"Arco Vara to exit Bulgarian real estate market"}]},{"@type":"WebSite","@id":"https:\/\/arcovara.com\/#website","url":"https:\/\/arcovara.com\/","name":"Arco Vara","description":"","publisher":{"@id":"https:\/\/arcovara.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/arcovara.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/arcovara.com\/#organization","name":"Arco Vara","url":"https:\/\/arcovara.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/arcovara.com\/#\/schema\/logo\/image\/","url":"https:\/\/arcovara.com\/wp-content\/uploads\/2024\/10\/Arco-Vara_logo_8-1.png","contentUrl":"https:\/\/arcovara.com\/wp-content\/uploads\/2024\/10\/Arco-Vara_logo_8-1.png","width":1440,"height":396,"caption":"Arco Vara"},"image":{"@id":"https:\/\/arcovara.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/arcovara.com\/#\/schema\/person\/bdb7b0df8422e30400c274ac52427650","name":"henrika","url":"https:\/\/arcovara.com\/en\/author\/henrika\/"}]}},"_links":{"self":[{"href":"https:\/\/arcovara.com\/en\/wp-json\/wp\/v2\/posts\/4968","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/arcovara.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/arcovara.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/arcovara.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/arcovara.com\/en\/wp-json\/wp\/v2\/comments?post=4968"}],"version-history":[{"count":3,"href":"https:\/\/arcovara.com\/en\/wp-json\/wp\/v2\/posts\/4968\/revisions"}],"predecessor-version":[{"id":4973,"href":"https:\/\/arcovara.com\/en\/wp-json\/wp\/v2\/posts\/4968\/revisions\/4973"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/arcovara.com\/en\/wp-json\/wp\/v2\/media\/4964"}],"wp:attachment":[{"href":"https:\/\/arcovara.com\/en\/wp-json\/wp\/v2\/media?parent=4968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/arcovara.com\/en\/wp-json\/wp\/v2\/categories?post=4968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/arcovara.com\/en\/wp-json\/wp\/v2\/tags?post=4968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}