Rait Riim Resigns as Member of Supervisory Board of Arco Vara AS
January 13, 2021 at 07:35 am
Share
Rait Riim, a member of the Supervisory Board of Arco Vara AS, submitted his resignation in connection with the sale of the Arco Vara’s shares from LHV Pension Funds on 11 January 2021. Rait Riim is a real estate investment manager of LHV Pension Funds and participated in the work of the Supervisory Board of Arco Vara as a representative of LHV Pension Funds.
Arco Vara AS is an Estonia-based company active within the property industry. The Company focuses on the building construction, civil engineering, special engineering and real estate services. Its business consists of three segments: Development segment, which is engaged in the development of residential and commercial environments, as well as long-term investment in real estate; Service segment, which is involved in the real estate brokerage, valuation and management, and short-term investment in real estate, and Construction segment, which provides general and sub-contracting in the field of general construction, civil and environmental engineering, and construction supervision services. Arco Vara AS has numerous subsidiaries, including Arco Lozen EOOD, Acro Invest EOOD, and Acro Real Estate SIA. The Company operates in Estonia, Latvia and Bulgaria.
ARCO VARA 
