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Arricano Real Estate
ARO: 0.53 0.00 ( 0.00 %) delayed: 16:57PM


  • Arricano Real Estate reports sharp jump in profits on higher revenue, lower costs
    Wednesday 17 Apr 2019 09:53

    Ukraine-based Arricano Real Estate reported a sharp jump in pre-tax profits thanks to lower financing costs and higher recurring revenues. For 2018, profit before tax increased by 39% to USD46.6m and recurring revenues for the period were up 14% at $31.5m from a year earlier. The said 2018...
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  • High Court upholds awards to Arricano in Sky Mall wrangle
    Friday 12 Jan 2018 08:20

    The High Court has dismissed challenges by Stockman Interhold against awards by the London Court of International Arbitration in favour of Arricano Real Estate. Arricano said the High Court judgment was to be treated as the final in the long-lasting dispute between Arricano and Stockman in...
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  • Arricano pre-tax profits jump
    Friday 22 Sep 2017 09:09

    Arricano Real Estate's revenues rose by 18.7% to $12.9m in the six months to the end of June. Arricano - a leading property developer and developers and operator of shopping centres in Ukraine - said this reflected management efforts to boost income with innovations and service initiatives...
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  • Arricano appoints adviser
    Wednesday 20 Sep 2017 09:02

    Arricano's nominated adviser, Smith & Williamson Corporate Finance, has been appointed as the company's sole corporate broker with immediate effect. At 9:02am: (LON:ARO) Arricano Real Estate Plc share price was 0p at 0.45p Story provided by StockMarketWire.com
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  • Arricano recurring revenues rise
    Wednesday 26 Apr 2017 09:26

    Arricano Real Estate's recurring revenues increased by 13.3% to US$23.1m in the year to the end of December. Operating profit increased to US$43.8m from US$18.9m in 2015 - both figures included revaluation gains and adjustments to operating expenses. Total fair valuation of the company's...
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  • FLASH: Arricano recurring revenues up
    Wednesday 26 Apr 2017 07:08

    Story provided by StockMarketWire.com
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  • Arricano to acquire Filgate
    Thursday 24 Nov 2016 14:09

    Arricano Real Estate has conditionally agreed to acquire Filgate Credit Enterprises from Weather Empire, a company, which is beneficially owned by Hillar Teder, the company's founder who controls 55.45% of the company's ordinary shares. The acquisition is conditional on passing of the...
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  • FTSE rises ahead of ECB, guided by house builders
    Thursday 08 Sep 2016 09:02

    FTSE indices were higher in early deals as traders look to today's European Central Bank's stance on interest rates and QE. Blue-chip house builders led the pack, with Micro Focus (MCRO) and Dixons Carphone (DC.) up on news. Soon after the open, FTSE 100 was up 33.4 points, or 0.49%, to 6879.98,...
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  • Arricano resolutions passed at AGM
    Wednesday 13 Jul 2016 14:31

    Arricano Real Estate has confirmed that all resolutions proposed at its annual general meeting today were passed. At 2:31pm: (LON:ARO) Arricano Real Estate Plc share price was 0p at 0.5p Story provided by StockMarketWire.com
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  • Arricano wins arbitration award in Sky Mall wrangle
    Thursday 12 May 2016 07:50

    The London Court of International Arbitration has issued a further award in favour of Arricano Real Estate in the ongoing arbitration case with Stockman Interhold SA. The dispute concerns a call option agreement (COA) between Arricano and Stockman, dated 25 February 2010. The COA provided...
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  • Arricano reduces vacancy rates
    Friday 29 Apr 2016 08:32

    Arricano Real Estate signed 42 new lease agreements in the first quarter taking vacancy reducing vacancy rates across its portfolio. The company said the lower vacancy rates were in line with its targets. Arricano has leased 3,878 square metres of retail space in the quarter, including 1,401sq...
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  • Arricano operating profits rise
    Wednesday 27 Apr 2016 08:52

    Operating profits at Arricano Real Estate - a leading real estate developer and operator of shopping centres in Ukraine - rose to $18.9m in the year to the end of December from $10.5m in 2014. Both figures include revaluation gains and adjustments to operating expenses. Total fair valuation...
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  • Arricano acquires Green City LLC for nominal sum
    Monday 25 Apr 2016 10:45

    Arricano Real Estate has agreed to acquire Green City LLC, a company incorporated in Russia, from Retail Real Estate SA (RRE) for a nominal consideration in cash of USD1560. The deal will facilitate more efficient management of the Company's property located in Crimea. Green City has been...
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  • Arricano record footfall at malls
    Friday 22 Jan 2016 07:26

    Arricano reports a record 39.3 million people visited its shopping malls in 2015. It says the visitor numbers are maintained and increased through actively managing and promoting the portfolio of shopping malls. In particular, interest in Arricano's shopping malls is maintained through being in...
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  • FLASH: Arricano record footfall at malls
    Friday 22 Jan 2016 07:02

    Story provided by StockMarketWire.com
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  • Arricano signs 154 new lease deals in first 10 months
    Friday 04 Dec 2015 07:42

    Arricano has signed a total of 154 new lease agreements across its five shopping and entertainment centres in Ukraine in the first 10 months of this year. In total 17,400 sqm of retail space was leased, including 7,600 sqm in the course of tenants' rotation. The five shopping and...
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  • FLASH: Arricano new lease agreements
    Friday 04 Dec 2015 07:12

    Story provided by StockMarketWire.com
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  • Arricano welcomes High Court ruling in Stockman row
    Thursday 05 Nov 2015 15:14

    The High Court has upheld the London Court of International Arbitration's declaration in favour of Arricano Real Estate in its dispute with Stockman Interhold. The LCIA declared in Augut 2014 that Arricano had validly exercised the call option whereby it sought to acquire a shareholding of...
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  • Arricano loan from IBI assigned to Barleypark
    Monday 02 Nov 2015 14:53

    Arricano's loan it owes to International Baltic Investments Ltd - comprising outstanding principal of $15.3m and accrued interest of around $1.9m - is being assigned by IBI to Barleypark Limited. Barleypark will pay IBI US$17.2m as consideration for the assignment with payment terms to be agreed...
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  • Arricano confirms plans for Odessa mall
    Wednesday 07 Oct 2015 15:37

    Arricano has confirmed confirm it plans to invest approximately US$80m into the construction of a new shopping and entertainment centre in the southern Urainian port of Odessa. The Odessa mall will be the seventh shopping and entertainment centre to be built by the Company in Ukraine....
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  • Arricano RE revenues fall
    Friday 25 Sep 2015 15:30

    Arricano Real Estate has reported that revenues for the 6 months ended 30 June 2015 fell to USD9.7 million from USD11.5 million for the same period last year. Operating profit was USD9.6 million (30 June 2014: USD50.1 million), both figures including revaluation gains. Other highlights...
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  • Arricano AGM resolutions passed
    Wednesday 23 Sep 2015 13:17

    Arricano Real Estate has announced that, at its Annual General Meeting held earlier today, all resolutions were duly passed. At 1:17pm: (LON:ARO) Arricano Real Estate Plc share price was +0.01p at 1.18p Story provided by StockMarketWire.com
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  • Arricano schedules AGM
    Thursday 03 Sep 2015 14:51

    Arricano Real Estate will hold its annual general meeting at Office 1002, 10th floor, Nicolaou Pentadromos Centre, Thessalonikis Street, 3025 Limassol, Cyprus, on 23 September at noon BST (14:00 local time). At 2:51pm: (LON:ARO) Arricano Real Estate Plc Ord Eur0.0005 share price was +0.01p at...
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  • Arricano comments on arbitration proceedings
    Tuesday 07 Apr 2015 11:11

    Arricano Real Estate has made a further announcement in connection with the ownership of the Sky Mall shopping centre. It says that it has received a further award from the London Court of International Arbitration tribunal in the arbitration proceedings. The tribunal has found that Arricano...
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  • Arricano in talks over loan to Weather Empire
    Monday 16 Feb 2015 07:31

    Arricano Real Estate is holding talks over an extension to the $30m loan to Weather Empire which was due to be repaid at the end of December. Weather Empire is ultimately controlled by Hillar Teder, who holds 63.8% of Arricano's issued ordinary share capital. As a result, any amendment to the...
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  • Arricano agrees $25m loan
    Monday 29 Dec 2014 07:33

    Arricano Real Estate has announced that the terms of a six year US$25m secured loan facility with the European Bank for Reconstruction and Development have been agreed. This follows an announcement made on 23 December. The proceeds of the loan, the commercial terms of which are broadly in line...
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  • FLASH: Arricano agrees $25m loan
    Monday 29 Dec 2014 07:10

    Story provided by StockMarketWire.com
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  • Arricano unveils board changes
    Tuesday 25 Nov 2014 14:29

    Arricano - a leading property developer in Ukraine specialising in operating shopping centres - has appointed Yarema Kovaliv as a non-executive director with immediate effect. Kovaliv joined Arricano in October 2009 as head of the legal department. In January this year he was appointed acting...
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  • Arricano posts net profits of over $9m
    Friday 12 Sep 2014 13:09

    Arricano posts a net profit of $9.02m for the six months to the end of June against a loss of $3.5m a year ago. Arricano - one of the leading property developers and operators of shopping centres in Ukraine - generated recurring revenues of $11.4m in the six months to the end of June, down...
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  • Arricano wins decision over SEC RayON
    Thursday 04 Sep 2014 08:33

    Arricano Real Estate says a claim lodged with the Commercial Court in Kiev that resulted in an ex-parte ruling imposing a temporary ban on the alienation of SEC RayON has been resolved in its favour. Consequently, further to all restrictions being lifted in June, the claim has now been...
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  • FLASH: Arricano wins SEC RayON decision
    Thursday 04 Sep 2014 07:20

    Story provided by StockMarketWire.com
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  • Arricano wins Sky Mall tribunal decision
    Tuesday 26 Aug 2014 13:21

    Arricano Real Estate plans to acquire the outstanding 50.03% of the Sky Mall shopping centre in Kyiv as soon as practicable following a tribunal decision in its favour. The London Court of International Arbitration tribunal has declared that Arricano validly exercised a call option in 2010...
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  • Management changes at Arricano
    Friday 08 Aug 2014 09:46

    Arricano (AIM:ARO), one of the real estate developers in Ukraine specialising in operating shopping centres, has announced that Mikhail Merkulov is to be appointed to the position of chief executive officer next month. It is a non-Board appointment and Mr Merkulov has 16 years' experience across...
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  • Arricano to open Prospect development in Q4
    Thursday 03 Jul 2014 08:00

    Arricano has confirmed that it continues to progress plans to open the new Shopping and Entertainment Centre Prospect, situated on a busy transport hub by Chernihivska metro station on Kyiv's left bank, as planned in the fourth quarter. The company believes that Prospect is the only SEC opening...
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  • FLASH: Arricano to open Prospect development in Q4
    Thursday 03 Jul 2014 07:17

    Story provided by StockMarketWire.com
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  • Arricano challenges judgement on leasehold rights
    Monday 02 Jun 2014 08:52

    Ukraine property developer Arricano Real Estate is challenging an initial judgement by Kiev's Commercial Court which upheld a claim contesting leasehold rights held by one of the group's project development companies. Arricano said the claim contests the leasehold rights of Mezokred Holding LLC,...
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  • Arricano recurring revenues rise
    Wednesday 09 Apr 2014 07:54

    Arricano Real Estate - one of the leading real estate developers and operators of shopping centres in Ukraine - saw recurring revenues rise to $25.3m in the year to the end of December, up from $16.4m in 2012. Profit before tax was $4.1m (2012: $21.3m) with an underlying profit before tax...
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  • FLASH: Arricano recurring revenues rise
    Wednesday 09 Apr 2014 07:11

    Story provided by StockMarketWire.com
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  • Arricano mall ownership is challenged
    Wednesday 12 Mar 2014 16:26

    Ukraine retail property developer and operator Arricano Real Estate has confirmed its ownership of the Shopping and Entertainment Complex RayON is being challenged in Kiev's Commercial Court. SEC RayON is one of five shopping malls owned and operated by Arricano. The company said that on 5...
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  • Arricano opens SEC 'South Gallery'
    Friday 28 Feb 2014 09:27

    Ukraine property developer Arricano has opened phase II of the SEC 'South Gallery' shopping and entertainment centre in Simferopol. Phase I of the South Gallery, with 13,100 sq.m. gross leasable area, was opened in December 2009 and phase II extends the GLA to 32,800 sq. m. The extended South...
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  • Arricano CEO to step down
    Thursday 19 Dec 2013 14:15

    Ukraine property developer Arricano chief executive Emil Budilovsky will step down with effect from 1 January, for personal reasons. The board will be seeking a replacement CEO but in the interim, Yarema Kovaliv, Arricano's current head of legal, will hold the position of acting CEO, reporting...
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  • Arricano changes registered office
    Monday 09 Dec 2013 09:30

    Arricano - a leading Ukraine property developer specialising in operating shopping centres - has appointed Asoted Services to act as the company's administrator with immediate effect. As a result, the company's registered office address has changed to: Office 1002, 10th floor, Nicolaou...
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  • Arricano appoints non-exec
    Wednesday 30 Oct 2013 13:34

    Ukrainian real estate developer Arricano (LON:ARO), which specialises in operating shopping centres, announces that Raul Parusk has been appointed to the board of directors as a non-executive director with immediate effect. Raul Parusk, an Estonian national, held senior positions at Bank of...
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  • Arricano agrees $30m loan
    Tuesday 01 Oct 2013 14:30

    Property developer Arricano subsidiary LLC Komfort Market Luks has agreed a $30m loan with Oschadbank, the state savings bank of Ukraine. The seven-year loan which has an interest rate of 11.5% is to finalise construction of the group's Prospect/Krasnotkatska development. The loan will be...
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