Arco Vara is an international real estate group operating mainly in Estonia and Bulgaria. The group’s parent company, Arco Vara AS was established in Estonia in 1992 and has been listed on Nasdaq Tallinn stock exchange since 2007. The main activity of Arco Vara is the development of complete living environments and related commercial real estate. In addition, the group earns license fees from agreements with real estate agencies offering real estate brokerage and valuation services under its trade marks in Estonia, Latvia and Bulgaria.