Investments, Latvia, Lithuania, Logistics, Real Estate, Transport

International Internet Magazine. Baltic States news & analytics Tuesday, 19.03.2024, 06:13

INVL Baltic Real Estate increases economic interest in Latvian Dommo to 100%

BC, Vilnius, 03.07.2015.Print version
On NASDAQ OMX Vilnius stock exchange listed real estate investment company INVL Baltic Real Estate completed acquisition process and increased share in nearby Riga located logistics complex Dommo from 50 to 100% for EUR 3.1 million, the company said in a statement, cites LETA/ELTA.

Latvian companies Dommo Grupa and Dommo Biznesa Parks, which 100% is now owned by INVL Baltic Real Estate, owns 12,800 square meters logistics centre and 58 hectares of land.

 

Annual revenues of Dommo complex amounts to about EUR 0.6 million.

 

"Dommo territory is now ready for construction and development of new logistic objects – in the near future we will decide what alternative will create the most value for our shareholders," says Andrius Dauksas, Director of INVL Baltic Real Estate.

 

INVL Baltic Real Estate group currently invested into real estate objects in Vilnius and Riga.






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