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0GZL Arco Vara As

1.40
0.00 (0.00%)
10 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Arco Vara As LSE:0GZL London Ordinary Share EE3100034653 ARCO VARA ORD SHS
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.40 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Agents & Mgrs 18.34M 3.55M 0.3417 4.10 14.54M

Arco Vara commences construction of a padel venue

08/02/2024 7:00am

UK Regulatory


Arco Vara As (LSE:0GZL)
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Arco Vara commences construction of a padel venue

Arco Vara will build a modern padel venue at Helme 18, Tallinn, where a fully automatic padel center with six indoor courts will be housed in a one-story building with an area of approximately 2,000 square meters. Versatile opportunities for both recreational and competitive sports will be created in the building.

Construction works on the sports venue that has already received a construction permit will begin this February, and according to plans, the official opening of the center will take place at the beginning of 2025, when Tallinn receives the title of European Capital of Sports.

Miko-Ove Niinemäe, the CEO of Arco Vara: "The establishment of a modern padel venue is part of Arco Vara's commitment to offer versatile and high-quality living environments and to promote a healthy and active lifestyle. Initially, the building is only planned for playing padel, but the solution created by Tarbe Arhitektid is actually universal, with a possibility to quickly transform the building suitable for other sports, for example, basketball training."

The building will be built by Arco Vara's subsidiary Arco Tarc, and the center will be operated by Padelstar.


Tiina Malm
CFO
Arco Vara AS
+372 614 4630
tiina.malm@arcovara.com


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