Financial Services, Lithuania, Loan, Real Estate
International Internet Magazine. Baltic States news & analytics
Thursday, 18.04.2024, 20:10
INVL Baltic Real Estate gets EUR 15.35 mln loan
BC, Vilnius, 27.09.2014.
Print version
Print versionOn 26 September, Lithuanian Invaldos Nekilnojamojo Turto Fondas, a subsidiary of INVL Baltic Real Estate, signed a loan agreement with Siauliu Bankas regading EUR 15.35 million loan (LTL 53 million), reports LETA/ELTA.
 |
|---|
The term of the agreement is 5 years. Invaldos Nekilnojamojo Turto Fondas will refinance a loan of another bank, the group said in a statement.
"Having a long term bank financing and a strong cash flow from operations, we will be able to concentrate on a long term goals to increase value and maximise returns to investors," Darius Sulnis, director of INVL Baltic Real Estate, said.
INVL Baltic Real Estate, the parent company of Invaldos Nekilnojamojo Turto Fondas, manages 52,000 square meters of commercial buildings in Vilnius and Riga.
In the end of June, the equity of INVL Baltic Real Estate amounted to LTL 49.4 million (EUR 14.3 million), the assets – LTL 135.7 million (EUR 39.3 million).
«The Baltic Course» Is Sold and Stays in Business!
