INVL Baltic RE signs agree­ment on sale of Kir­timu Street prop­erty

The Baltic Times - - RE NEWS -

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

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