ARCO VARA AS - NASDAQ OMX Baltic

Project Address Cadastral
Gross Income from Purpose of land Appraised value of the
Size, sqm Description, and tenure
number
the sales
usage
project
Baltezers “Dumpji” Riga 8060 004 0062 118’400 Land plot will be divided into 53 parcels for Perspective gross Agricultural EUR 4’456’000
Region Garkalne
private house construction and sold. Average income from the
District
assumed size of the plot is 1’883 sqm. Land sales over the three
parcels are being sold for 75 EUR per sqm (net of years is
VAT). Development plan of Garkalne District has EUR 7’315’000
not been accepted yet but as the project is in
compliance with the previous version of Garkalne
District Development plan, we expect that there
won’t be any changes except we assume that
realization term of the project will be longer.
Bišumuiža 2 Zāļu Street 8, Riga 0100 073 2107 94’974 Owner of the land plots is SPORTINGS RĪGA, Planned gross income Dwelling territory EUR 21’842’000
Zāļu Street 8, Riga 0100 073 2163 16’622 Ltd. It is expected to privatize, purchase land out from the sales over Green territory
from municipality within 2007. Planned gross the eight years is with low rise
construction area is 113’365 sqm, incl.
EUR 153’770’000 buildings
underground parking, outside parking- 700 lots.
Construction of residential buildings, apartments
are planned to be sold for average EUR 1’780 per
sqm (net of VAT). It is assumed that Project will
be started in 2007 and will be completed in 2014.
Pärtli Pärtli ja Uue-Pärtli 72701:002:0357 200’000 Land plot will be divided into 93 small house land Potential cash flow Agricultural EUR 3’562’000
1, Vanamõisa 72701:002:0359
plots and sold. Minimum size of the plot is 1’500 expected over three
village,
sqm. Detailed planning is in progress and as it is years is
Saue parish
in compliance with the general plan, we expect no EUR 4’639’000
Harju County
material obstacles to the validation of this plan.
Closeness to Tallinn’s satellite town of Saue is an
advantage due to infrastructure like shops, school,
and kindergarten. The developer will sell the plots
with communications, namely: water, sewage,
electricity, gas, drainage, asphalted inner road,
street illumination.
Vahi Puiestiku I, Vääna 19801:012:0128 83’480 Sellable 69’630 sqm, which consists of 21 land Potential cash flow Agricultural EUR 1’670’000
village, Harku
plots for residential purposes. Land plots will be expected over three
parish, Harju
sold with communication networks provided. An years is
County
average size of the plot is 3’316 sqm, which is EUR 2’071’000
larger than average. Hence, the unit price is lower.
There is lack of close-by infrastructure as shops,
school, and kindergarten.
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