Arco Vara to Get 1.8 Million Euros in Bulgaria Apartment Sale

Arco Vara AS (ARC1T), an Estonian property developer, said it will get 1.8 million euros ($2.4 million) for 21 apartments it’s agreed to sell in the Bulgarian capital Sofia.

The buyer, Cleves EOOD, has committed to buying 16 more apartments and 18 parking places by the end of next year for 2.8 million euros, Tallinn-based Arco said in a regulatory statement today.

To contact the reporter on this story: Ott Ummelas in Tallinn at

To contact the editor responsible for this story: Balazs Penz at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.