{"id":5957,"date":"2026-03-13T07:04:44","date_gmt":"2026-03-13T07:04:44","guid":{"rendered":"https:\/\/arcovara.com\/?p=5957"},"modified":"2026-03-13T07:04:46","modified_gmt":"2026-03-13T07:04:46","slug":"arco-vara-brings-in-a-local-partner-for-its-bulgarian-project","status":"publish","type":"post","link":"https:\/\/arcovara.com\/en\/arco-vara-brings-in-a-local-partner-for-its-bulgarian-project\/","title":{"rendered":"Arco Vara brings in a local partner for its Bulgarian project"},"content":{"rendered":"<div class=\"block block-paragraph gutters\"><section class=\"content-block content-text\"> <div class=\"container\">\n<p><strong>Arco Vara, a developer of integrated living environments, is bringing in a local partner for its residential housing project in Bulgaria and plans to complete the development over the next four years. Under the agreement, the Bulgarian company Kamaleo Invest OOD will acquire a 25% stake in the Botanica Lozen development project for a total price of \u20ac2.2 million. <\/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, the transaction supports the company\u2019s strategy to keep its primary focus on the Estonian market while allowing the Botanica Lozen development project to be completed in cooperation with a local partner.<\/p>\n<\/div><\/section><\/div><div class=\"block block-paragraph gutters\"><section class=\"content-block content-text\"> <div class=\"container\">\n<p>\u201cAs a result of the negotiations, we found a partner with whom we can bring the Botanica Lozen project to completion. Involving a local developer helps ensure the smooth execution of the project and at the same time allows the transaction to free up capital for Arco Vara, which we can direct to our core market in Estonia,\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>Following the transaction, the parties will also sign a shareholders\u2019 agreement and a project management agreement, under which Kamaleo Invest OOD will begin providing project management services for the Botanica Lozen development. The goal is to complete the project and finalize both the construction and the sale of the houses over the coming years. <\/p>\n<\/div><\/section><\/div><div class=\"block block-paragraph gutters\"><section class=\"content-block content-text\"> <div class=\"container\">\n<p>Botanica Lozen is Arco Vara\u2019s residential development located near the Bulgarian capital Sofia. The development is situated about a 15-minute drive from the center of Sofia and will include single-family homes built in several phases. The homes in the first phase of the development have already been completed, and preparations for the next phases are underway.  <\/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 real estate market in 2006 and has developed several residential projects and integrated living environments in Sofia over the years. Last year, the company announced plans to reduce its activities in the Bulgarian market and focus primarily on real estate development projects in Estonia.  <\/p>\n<\/div><\/section><\/div>","protected":false},"excerpt":{"rendered":"<p>Arco Vara, a developer of integrated living environments, is bringing in a local partner for its residential housing project in Bulgaria and plans to complete the development over the next four years. Under the agreement, the Bulgarian company Kamaleo Invest OOD will acquire a 25% stake in the Botanica Lozen development project for a total [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":5953,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-5957","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 v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Arco Vara brings in a local partner for its Bulgarian project - Arco Vara<\/title>\n<meta name=\"description\" content=\"Arco Vara, a developer of integrated living environments, is bringing in a local partner for its residential housing project in Bulgaria and plans to complete the development over the next four years. Under the agreement, the Bulgarian company Kamaleo Invest OOD will acquire a 25% stake in the Botanica Lozen development project for a total price of \u20ac2.2 million.\" \/>\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\/arco-vara-brings-in-a-local-partner-for-its-bulgarian-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Arco Vara brings in a local partner for its Bulgarian project\" \/>\n<meta property=\"og:description\" content=\"Arco Vara, a developer of integrated living environments, is bringing in a local partner for its residential housing project in Bulgaria and plans to complete the development over the next four years. Under the agreement, the Bulgarian company Kamaleo Invest OOD will acquire a 25% stake in the Botanica Lozen development project for a total price of \u20ac2.2 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/arcovara.com\/en\/arco-vara-brings-in-a-local-partner-for-its-bulgarian-project\/\" \/>\n<meta property=\"og:site_name\" content=\"Arco Vara\" \/>\n<meta property=\"article:published_time\" content=\"2026-03-13T07:04:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-03-13T07:04:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/arcovara.com\/wp-content\/uploads\/2026\/03\/arco-vara-bl-1024x576.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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/arcovara.com\\\/en\\\/arco-vara-brings-in-a-local-partner-for-its-bulgarian-project\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/arcovara.com\\\/en\\\/arco-vara-brings-in-a-local-partner-for-its-bulgarian-project\\\/\"},\"author\":{\"name\":\"henrika\",\"@id\":\"https:\\\/\\\/arcovara.com\\\/#\\\/schema\\\/person\\\/bdb7b0df8422e30400c274ac52427650\"},\"headline\":\"Arco Vara brings in a local partner for its Bulgarian project\",\"datePublished\":\"2026-03-13T07:04:44+00:00\",\"dateModified\":\"2026-03-13T07:04:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/arcovara.com\\\/en\\\/arco-vara-brings-in-a-local-partner-for-its-bulgarian-project\\\/\"},\"wordCount\":327,\"publisher\":{\"@id\":\"https:\\\/\\\/arcovara.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/arcovara.com\\\/en\\\/arco-vara-brings-in-a-local-partner-for-its-bulgarian-project\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/arcovara.com\\\/wp-content\\\/uploads\\\/2026\\\/03\\\/arco-vara-bl-scaled.jpeg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/arcovara.com\\\/en\\\/arco-vara-brings-in-a-local-partner-for-its-bulgarian-project\\\/\",\"url\":\"https:\\\/\\\/arcovara.com\\\/en\\\/arco-vara-brings-in-a-local-partner-for-its-bulgarian-project\\\/\",\"name\":\"Arco Vara brings in a local partner for its Bulgarian project - Arco Vara\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/arcovara.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/arcovara.com\\\/en\\\/arco-vara-brings-in-a-local-partner-for-its-bulgarian-project\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/arcovara.com\\\/en\\\/arco-vara-brings-in-a-local-partner-for-its-bulgarian-project\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/arcovara.com\\\/wp-content\\\/uploads\\\/2026\\\/03\\\/arco-vara-bl-scaled.jpeg\",\"datePublished\":\"2026-03-13T07:04:44+00:00\",\"dateModified\":\"2026-03-13T07:04:46+00:00\",\"description\":\"Arco Vara, a developer of integrated living environments, is bringing in a local partner for its residential housing project in Bulgaria and plans to complete the development over the next four years. 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