Arco Vara AS Initiates Exit Process from the Bulgarian Market to Refocus on Estonian Development Projects

Core Perspective - Arco Vara AS has initiated a strategic exit process from the Bulgarian real estate market to focus on its core market in Estonia, confirmed by the Supervisory Board in July 2025 [1][4] Group 1: Exit Strategy - The management has begun the sale process, with interest from several local Bulgarian real estate developers for acquiring Arco Vara's Bulgarian operations [2] - Potential buyers will have the opportunity for thorough due diligence and to submit offers [2] Group 2: Focus on Estonia - Exiting Bulgaria allows Arco Vara to concentrate on its major project in the Luther Quarter, Tallinn, which requires strong leadership and financing capacity [3] - The decision to exit Bulgaria is seen as strategically justified to enhance long-term growth and shareholder value by focusing on projects with greater potential in Estonia [4] Group 3: Communication and Updates - The company will keep shareholders and the public informed about the progress of the exit process and provide updates as transactions or material developments occur [5]