The preliminary agreement signed by Dommo Grupa, the company managed by the real estate investment company INVL Baltic Real Estate, regarding the sale of 20.6 hectares of land plots in Latvia was terminated on 30th April 2019.
The preliminary agreement signed at the end of September 2018 was terminated due to the fact that the conditions stated in the agreement was not implemented. The terminated transaction will not affect indicators of INVL Baltic Real Estate's, the Company will continue to make the best use of assets managed in Latvia.
The total land holdings of the Dommo Grupa manufacturing, warehouse and office complex are 58.21 hectares
The person authorized to provide additional information:
Real Estate Fund Manager of the Management Company
Vytautas Bakšinskas
E-mail vytautas.baksinskas@invl.com
