Andrius Dauksas is elected to the position of CEO of real Estate investment company INVL Baltic Real Estate from 10 December. 32 years-old A. Dauksas holds a position of an investment manager at Invalda LT. He will replace Darius Sulnis who is planning to concentrate on the asset management business of Invalda LT.
Darius Sulnis also resigns from the position of member of the Board of INVL Baltic Real Estate. For the general shareholders meeting scheduled on the 23 December A. Dauksas is proposed as a candidate to take the vacant member of the Board position. "The main focus of INVL Baltic Real Estate is the growth of cash flow and real estate value", – Andrius Dauksas said.
D. Sulnis states that asset management is strategic business for Invalda LT. "We have acquired MP Pension Funds Baltic, Finasta Asset Management and have plans in private equity funds' sector, while our assets under management approaches to LTL 1 billion, therefore I am planning to concentrate on management of this business",- D. Sulnis said.
According to him, A. Dauksas was responsible for real estate projects at Invalda LT. "I expect that experience of A. Dauksas in the field of finance, companies' management and real estate sector allows to increase the shareholders equity value", – D. Sulnis said.
A. Dauksas has a Master's degree in banking at Vilnius university Economics faculty. Since March 2010 he is working as investment manager in Invalda LT and is responsible for real estate projects. Until then Andrius Dauksas had worked in brokerage company Finasta as an accountant, a head of securities accounting department for four years and the next two years as a director of Treasury department of bank Finasta.
Equity of INVL Baltic Real Estate in the end of 9 months of 2014 was LTL 49.8 million, while company had assets worth LTL 136 million. INVL Baltic Real Estate manages 51.7 thousand square meters of commercial real estate in Vilnius and Riga.
