Investors Hangout Stock Message Boards Logo
  • Mailbox
  • Favorites
  • Boards
    • The Hangout
    • NASDAQ
    • NYSE
    • OTC Markets
    • All Boards
  • Whats Hot!
    • Recent Activity
    • Most Viewed Boards
    • Most Viewed Posts
    • Most Posted
    • Most Followed
    • Top Boards
    • Newest Boards
    • Newest Members
  • Blog
    • Recent Blog Posts
    • Recently Updated
    • News
    • Stocks
    • Crypto
    • Investing
    • Business
    • Markets
    • Economy
    • Real Estate
    • Personal Finance
  • Market Movers
  • Interactive Charts
  • Login - Join Now FREE!
  1. Home ›
  2. Stock Message Boards ›
  3. User Boards ›
  4. NASDAQ OMX GlobeNewswire Message Board

Iztok Parkside project is behind the schedule Ar

Message Board Public Reply | Private Reply | Keep | Replies (0)                   Post New Msg
Edit Msg () | Previous | Next


Post# of 301275
(Total Views: 34)
Posted On: 03/30/2017 11:00:20 AM
Avatar
Posted By: News Desk 2018
Iztok Parkside project is behind the schedule

Arco Vara AS has previously communicated (see Q4 interim report from February 16, 2017) that it aims to commence construction of Sofia Iztok Parkside development project in Q1 2017 and sell it out by Q1 2018.

The construction is not yet commenced due to delay in obtaining the construction permit from Sofia municipality. The project will be developed simultaneously with construction of a new access street that will be built onto state-owned landplots.

According to Sofia municipality, the respective Bulgarian state institutions that own the land underneath the future access street and the municipality itself must complete the process of either municipalization of those landplots or registering a street servitude, before the construction permit can be issued. Construction of the new access street is foreseen in the detail plan that has entered into force.

The project financing agreement with a bank stays in force and the best offer in construction tender has been chosen. The company cooperates with the municipality to facilitate the land municipalization or servitude process.

Iztok Parkside project comprises 68 apartments with gross sellable area of 7000 sqm and expected sale revenue in excess of 8 million euros.

         Evelin Kanter          Head of Legal Department          Arco Vara AS          Tel: +372 614 4594          evelin.kanter@arcovara.ee



(0)
(0)








Investors Hangout

Home

Mailbox

Message Boards

Favorites

Whats Hot

Blog

Settings

Privacy Policy

Terms and Conditions

Disclaimer

Contact Us

Whats Hot

Recent Activity

Most Viewed Boards

Most Viewed Posts

Most Posted Boards

Most Followed

Top Boards

Newest Boards

Newest Members

Investors Hangout Message Boards

Welcome To Investors Hangout

Stock Message Boards

American Stock Exchange (AMEX)

NASDAQ Stock Exchange (NASDAQ)

New York Stock Exchange (NYSE)

Penny Stocks - (OTC)

User Boards

The Hangout

Private

Global Markets

Australian Securities Exchange (ASX)

Euronext Amsterdam (AMS)

Euronext Brussels (BRU)

Euronext Lisbon (LIS)

Euronext Paris (PAR)

Foreign Exchange (FOREX)

Hong Kong Stock Exchange (HKEX)

London Stock Exchange (LSE)

Milan Stock Exchange (MLSE)

New Zealand Exchange (NZX)

Singapore Stock Exchange (SGX)

Toronto Stock Exchange (TSX)

Contact Investors Hangout

Email Us

Follow Investors Hangout

Twitter

YouTube

Facebook

Market Data powered by QuoteMedia. Copyright © 2025. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges).
Analyst Ratings & Earnings by Zacks. RT=Real-Time, EOD=End of Day, PD=Previous Day. Terms of Use.

© 2025 Copyright Investors Hangout, LLC All Rights Reserved.

Privacy Policy |Do Not Sell My Information | Terms & Conditions | Disclaimer | Help | Contact Us