On 12.07.2007 Arco Capital EOOD, a 100% subsidiary of Arco Investeeringute AS, closed a land acquisition deal in Bulgaria in Sofia. Acquisition cost was mEUR 7,95, of which mEUR 1,0 was paid as a down payment already on 27.04.2007. The remaining sum will be transferred to the seller as soon as Arco Capital EOOD has been registered in the state land register as a new owner. The deal is financed 100% by equity. The land plot situates in the Manastirski district, 2 km from the very center of the city and has a construction permit. The size is 8 990 m2. According to the zoning rights the above and underground construction volume in total is 34 700 m2. In three years the company plans to construct there commercial and residential spaces. Additional information: Heigo Metsoja +372 6144 654 heigo.metsoja@arcovara.ee