Arco Vara Unveils New Construction Projects in Tallinn
The Arco Vara group is thrilled to announce the initiation of construction for two exciting residential real estate projects in Tallinn. These developments reflect a commitment to enhancing urban living through innovative design and functionality.
Phase VII of Kodulahe Quarter – Merimetsa
With the recent approval of a building permit, Kodulahe Kvartal OÜ is set to launch the seventh phase of the Kodulahe quarter located at Soodi 6, Tallinn. This project will feature three apartment buildings encompassing 62 apartments, ranging from 1 to 5 rooms. The project also includes commercial premises totaling 263 m². The combined net sellable area for the apartments is anticipated at 4,270 m². This substantial development is projected to generate around 16 million euros in total revenue. The buildings are expected to be completed by the fourth quarter of 2026, with sales of the apartments already in progress.
Spordi Street Development – Kristiine
In spring 2025, Arco Spordi OÜ, a subsidiary of Arco Vara, made significant strides by acquiring properties at Spordi 3a and 3b in Tallinn that came equipped with building permits. This project has now transitioned into the construction phase and will consist of two apartment buildings with an underground parking garage. A total of 56 apartments, ranging from 2 to 5 rooms, will be constructed, with several units featuring balconies or terraces. The net sellable area of these apartments is set at approximately 4,300 m². Pre-sales commenced in the second quarter of 2025, and completion is anticipated by the end of 2026, generating an estimated revenue of 17 million euros.
Committed to Quality and Trust
The general contractor for both projects is Arco Tarc OÜ, a trusted construction company within the Arco Vara group. This collaboration emphasizes the group's dedication to delivering on their promises and ensuring high-quality outcomes amidst their developments.
Insights from CEO Kristina Mustonen
Kristina Mustonen, CEO of Arco Vara, reflected on the ongoing progress of the company’s 2025 action plan: "The start of construction for both the Kodulahe and Spordi projects is a testament to our dedication. We are following through on our commitments to investors and are executing development plans as scheduled. Our focus remains on creating residences that resonate well with both residents and investors, showcasing thoughtful layouts, contemporary architecture, and superior urban environments."
Contact Information
For further inquiries, please reach out to: Darja Bolshakova, CFO at Arco Vara AS, at +372 6144 630 or via email at darja.bolshakova@arcovara.com.
Frequently Asked Questions
What are the new projects being launched by Arco Vara?
Arco Vara is launching two residential projects in Tallinn: Phase VII of the Kodulahe quarter and the Spordi Street development.
When is the expected completion date for the projects?
The Kodulahe quarter is expected to be completed in the fourth quarter of 2026, while the Spordi Street development will be finished by the end of 2026.
How many apartments will be available in these developments?
The Kodulahe quarter will have 62 apartments, and the Spordi Street development will offer 56 apartments.
What is the estimated revenue for each project?
The projected revenue for the Kodulahe quarter is approximately 16 million euros, and for the Spordi Street development, it is estimated at 17 million euros.
Who is the contractor for these construction projects?
The general contractor for both developments is Arco Tarc OÜ, a part of the Arco Vara group.
