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Arco Real Estate challenges the Romanian real estate market with an innovative approach

19.03.2007

Arco Real Estate launched on the Romanian market in October 2006 as Arco Real Estate Consulting. Its shareholders are Arco Vara AS, one of the most important real estate holdings in the Baltic states, and IPC Real Estate, an international real estate investment company. Arco Real Estate is already present in Estonia, Lithuania, Latvia, Ukraine and Bulgaria and is planning to extend its presence in Russia and the Republic of Moldavia, too.

Arco Real Estate will initially activate as a real estate agency, providing consultancy and real estate brokerage services. Afterwards, it will establish an evaluation division as well. Furthermore, Arco Real Estate Consulting will provide its clients with really innovative facilities by combining online and mobile telecommunication technologies in order to allow clients to preselect online the locations they are about to visit, for instance. In the future, a full range of services will be available to Arco Real Estate Consulting’s clients, including loan brokerage, insurance brokerage and real estate brokerage, notary public services and law assistance – all at the same location.

"Romania has a promiseful real estate market which shall have a great development during the next years, but this means competitiveness and strategical positioning. We chose to launch on a maturing market because we bring a new business approach on the Romanian real estate field", stated Mr. Ciprian Lopata, CEO of Arco Real Estate Consulting.

By 2008 Arco Real Estate Consulting will have invested over five million euro for the national expansion of its office network and for its real estate consultants. During the next three years, Arco Real Estate Consulting will have offices in every district of Bucharest and in the top ten Romanian cities, starting with Timisoara and Arad. According to their press release, this national expansion involves hiring about 100 real estate consultants by the end of 2007, planning to reach 300 in 2008.

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