Bratislava, 29 November 2007 – Arca Capital financial group is one of the first investors to launch their real estate and development business in Ukraine.
This is the third year that Arca Capital has operated in Ukraine through its two subsidiaries. The decision to start up its business in real estate trading and development was made after in-depth analysis. The company has therefore ranked among not only Slovak but also foreign companies to pursue business in this industry in Ukraine. A new real estate project, known as Seven Springs, has recently been launched. The focus of the project is the residential sector and the group’s activities involve monitoring and searching for new locations – greenfield and brownfield sites as well as various gaps in built-up areas. The Seven Springs project is contemplating the construction of family houses in an interesting location just 25km from Kiev. The site is located on the banks of the Stugna river, near Vasiljkov, a town with a population of approximately 39,000. The land has been partially deforested, which provides an interesting environment and close contact with nature, while also enabling its use for the construction of family houses. The project will be implemented in two stages with the group’s partner company SOLLARIS DEVELOPERS. The first stage will involve preparation of the site and provision of infrastructure – water, electricity, gas and sewerage lines and an access road. Upon completion of the second stage, an area of 24 hectares should be occupied by 140 family houses of approximately 1,400m² per plot. Arca Capital also wishes to invest in the surrounding environment and the project plans incorporate urban architectural landscaping and landscaping of the river banks, as well as construction of two artificial lakes to provide a location for rest and relaxation. The total investment in the first stage of the Seven Springs project is EUR 7 million, and the expected amount of the second stage investment is approximately EUR 25 million. The anticipated completion date of the first stage is December 2008, and the end of the second stage is scheduled for the beginning of 2011.
About Arca Capital
Arca Capital is a private equity and� real estate holding group with offices in Slovakia, the Czech Republic, Ukraine and the United Kingdom. In the course of its previous operations, Arca Capital has invested a total of EUR 220 million and the total value of the assets it currently manages is approximately EUR 105 million. It is a firmly established investor and developer in the real estate markets in Slovakia and the Czech Republic. Its corporate portfolio includes successfully completed residential, commercial and office building projects, as well as logistics and light industry projects that are currently in progress. Arca Capital also pursues its business activities in Eastern European markets, with its main focus being Ukraine. In the last year, the group concentrated its efforts in this region on preparation for the construction of logistics centres and the acquisition of sizeable land plots to allow for switching to various functional uses under current land use plans, with an increase in land value as a result. This activity was preceded by the purchase of land in the locality of Brovary. The purchase of land in further two localities is anticipated in the near future. After the necessary preparatory work and compilation of the required technical documentation, construction of three logistics centres will begin, involving a total area of 95,000m². The total investment is expected to reach EUR 12 million.
For further information, please contact:
Ing. Monika Dobrovodská
Arca Investments, a.s.
tel. (+421) 2 5825 3514,
e-mail: dobrovodska@arcacapital.sk
www.arcacapital.sk
