Arco Vara AS is an Estonian real estate development company headquartered in Tallinn, founded in 1992 as Estonia’s first real estate agency. Over its history, Arco Vara has evolved from a real estate brokerage into a developer with a focus on residential and select commercial projects, primarily in Estonia. The company is publicly listed on the Nasdaq Tallinn stock exchange, reflecting a significant role in the region’s property sector.
Historically, Arco Vara has operated across several countries in the Baltic and Eastern European regions, including Latvia, Ukraine, and Bulgaria. In recent years, the firm has initiated a strategic withdrawal from Bulgaria to concentrate resources on its core Estonian market.
Arco Vara's activities cover property appraisal, brokerage, purchase, sale, and rental services through its franchise network. Today, development projects are at the center of operations, with a focus on creating residential environments in and around Tallinn. The company does not prioritize holding commercial assets long-term but may manage such properties ahead of development or sale.
Leadership includes board member Kristina Mustonen and chairman of the supervisory board Tarmo Sild. Financially, Arco Vara reported revenues exceeding one million euros and a profit above one million euros in 2024, demonstrating consistent, though fluctuating, profitability in recent years.
Recent projects are concentrated in Tallinn, with an emphasis on larger residential developments. Arco Vara’s integrated model, combining real estate services and construction, supports project delivery in a competitive market shaped by over three decades of experience.