INVL Baltic RE signs agreement on sale of Kirtimu Street property
The real estate investment company INVL Baltic Real Estate has signed an agreement on the sale of 3,000 square metres of office and warehouse premises on Kirtimu Street in Vilnius. The value of the transaction is EUR 1 million.
The property on Kirtimų Street was valued at EUR 0.8 million at the end of 2016, so the transaction will have a positive impact of EUR 0.2 million in the 2017 results.
After the sale of the property on Kirtimų Street, INVL Baltic Real Estate will hold real estate with an area of 55 thousand square metres and a value, based on valuation at the end of 2016, of EUR 51.5 million.
The company manages real estate in Vilnius and Riga: office and commercial premises at the Vilnius Gates complex in the Lithuanian capital, the IBC Business Centre near Konstitucijos Avenue, office buildings in the Old Town on Vilniaus Street and in Siaures Miestelis, and the Dommo Business Park manufacturing, warehouse and office complex beside the Riga bypass.
INVL Baltic Real Estate information