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Arco Vara launches Property Advisory service

  • Arco Vara is set to provide Property Advisory services. The service will be aimed at its corporate clients and incorporate complete solutions according to the client’s needs: Market Research, Due Diligence, Highest and Best Use Analysis, Property Concept Development and Investment Feasibility Study, Property Valuation.


Arco Vara launches Property Advisory service
 
24.09.2007
 
Arco Vara is set to provide Property Advisory services. The service will be aimed at its corporate clients and incorporate complete solutions according to the client’s needs: Market Research, Due Diligence, Highest and Best Use Analysis, Property Concept Development and Investment Feasibility Study, Property Valuation.
 
The real estate consultation service team is comprised of top-level consultants from the field, many of them with backgrounds in appraisal and analysis and more than three years’ experience at Arco Vara. The service will also be able to bring together a multi-discipline and international team meeting the requirements of the solution in question. Momentum generated from the three areas of operations of the Arco Vara group – service, development and construction – and know-how will form the basis for finding solutions in the best possible way, also involving outside experts where required in the subcontracting procedure.
 
Tõnu Luts, manager of Property Advisory setvice of Arco Vara’s, admits that there has been a need for such a service for many years and that is has been offered to clients on and off for some time. “We have been offering our business clients a form of consultation service for years, but now we have taken it to its fullest extent. We have trained professionals, a strong partner network and momentous support from the group in terms of its operating areas and geographically. The independence of the service and the experience we have will undoubtedly ensure clear and objective market vision.”
 
Avo Rõõmussaar, the development manager of the Service Division of Arco Vara, says that the company is always looking to update the services it offers and take them further than before. “We find out what our clients need and offer them solutions based on them. In all six countries we operate in. Good consultation services for corporate clients with local know-how are sure to breathe new life into the market.”
 
The corporate consultation services are set to be launched initially in the Baltic States. The service will gradually be expanded in the same way to Arco Vara’s other home markets in Ukraine, Bulgaria and Romania.
 
Arco Vara is a leading property company in the Baltic States that was founded in Estonia in 1992 and whose activities cover property brokerage, development and construction. The company has agencies in 29 cities in Estonia, Latvia, Lithuania, Ukraine, Bulgaria and Romania. As of the end of the first quarter of 2007, the group and its companies employed a total of 546 people. The audited consolidated turnover of Arco Vara AS in 2006 was 484 million kroons with a net profit of 217 million kroons. Arco Vara’s shares are listed on the Tallinn Stock Exchange.
 
Please also look at the brochure of Property Advisroy on our web-page at www.arcovara.ee/PA
 
Further information:
 
Tõnu Luts
Manager of Property Advisory service
Telephone: 372 6144 622
Mobile: 372 51 59 000
E-mail: Tonu.Luts@arcovara.ee
 
/24.09.2007./

24.09.2007.

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