News

Regarding possible sale of part of INVL Baltic Real Estate’s

Notification on material event
We give notification that negotiations are underway regarding the sale of the IBC Business Centre on A. Juozapavičiaus and Šeimyniškių streets in Vilnius which is owned by the closed-end investment company INVL Baltic Real Estate (hereinafter may be referred to as the Company).

INVL Baltic Real Estate opened coworking network Talent Garden Vilnius

Other information
One of Europe’s biggest coworking networks, Talent Garden, has come to Vilnius too. As the ‘Talent Garden Vilnius’ coworking space opened its doors in the Old Town this Thursday, 12 December, the Lithuanian capital became the network’s 20th city in Europe.

INVL Baltic Real Estate Interim information for 9 months of 2019

Notification on material event
For 9 months of 2019, the unaudited consolidated net profit of the INVL Baltic Real Estate group was EUR 2.1 million, revenue was EUR 4.4 million (for 9 months of 2018 consolidated net profit was EUR 2.2 million, revenue was EUR 4.3 million). The unaudited net profit of INVL Baltic Real Estate itself amounted to EUR 2.3 million for 9 months of 2019 and EUR 2.4 million for 9 months of 2018.

Convocation of the General Extraordinary Shareholders Meeting of INVL Baltic Real Estate and draft resolutions on agenda issue

General meeting of shareholders
INVL Baltic Real Estate (the registered address Gyneju str. 14 Vilnius, Lithuania,  identification code 152105644) (hereinafter - the Company) informs that on the initiative and decision of the Management company of INVL Baltic Real Estate the General Extraordinary Shareholders Meeting of INVL Baltic Real Estate (hereinafter - the Meeting) is to be held on 18 October 2019.

Regarding the approval of INVL Baltic Real Estate document

Other information
INVL Baltic Real Estate (hereinafter may be referred as the Company) informs that the new version of the Law on Collective Investment Undertakings of the Republic of Lithuania (hereinafter - CIU) came into force. The Company operating under the CIU is under an obligation to have a valid prospectus (hereinafter - the Prospectus) prepared in accordance with the requirements of the CIU or of the Law on Securities of the Republic of Lithuania (hereinafter - LS). The Company's management company INVL Asset Management UAB approved the Prospectus and approved its publication on 23th August 2019.

Announcement of net asset value of INVL Baltic Real Estate on 30 June 2019

Notification on material event
The net asset value of INVL Baltic Real Estate, as provided in the Articles of Association section XI 'Valuation of assets of the company and calculation of the net asset value’, amounted to EUR  35,307,971 or EUR  2.6850  per share on 30 June 2019.

INVL Baltic Real Estate Interim information for 6 months of 2019

Half-Yearly information
For 6 months of 2019, the unaudited consolidated net profit of the INVL Baltic Real Estate group was EUR 1.71 million, revenue was EUR 2.98 million (for 6 months of 2018 consolidated net profit was EUR 1.91 million, revenue was EUR 2.92 million). The unaudited net profit of INVL Baltic Real Estate itself amounted to EUR 1.81 million for 6 months of 2019 and EUR 2.01 million for 6 months of 2018.

INVL Baltic Real Estate is bringing international coworking network Talent Garden to Vilnius

Other information
On 27 June 2019, the Investment Committee of the special closed-ended type real estate investment company INVL Baltic Real Estate (which hereinafter may be referred to as the Company) made a decision on the signing of a franchise agreement between the Company’s property administrator Proprietas UAB and Talent Garden. The Company notes that the signing of the agreement marks the start of a new operating segment for the Company – the creation and development of coworking space, for that space choosing a building on Vilniaus Street (at the address Vilniaus St. 33) which is part of INVL Baltic Real Estate’s portfolio.