INVL Baltic Real Estate sells land to Dommo Logistics and

INVL Baltic Real Estate (hereinafter – the company) hereby notifies that on July 4, 2022, the Company’s subsidiary, Dommo Grupa, finalized the transaction for the sale of a 3.4-hectare piece of land, located in the 58-hectare logistics and industrial park “Dommo Logistics and Industrial Park” near Riga.

The land has been acquired by Innovative metals services, a company developing metal processing activities, which plans to build a complex of industrial buildings and storage on this land.

Further information:

Dommo Grupa, a company managed by real estate investment company INVL Baltic Real Estate and developing a 58-hectare logistics and industrial park near Riga – Dommo Logistics and Industrial Park, has completed the sale of a 3.4-hectare plot . The value of the transaction was 0.4 million euros.

The land has been acquired by Innovative metals services, a company developing metal processing activities, which plans to build a complex of industrial buildings and storage on this land.

“We are pleased with the transaction and the recent renewed interest in our Dommo logistics and industrial park. Geopolitical tensions and the pandemic have disrupted supply chains, and European producers are looking for ways to shorten them and move their facilities from Asia to Europe. With the rapid increase in the time and cost of transporting goods, companies are trying to bring production and warehousing closer to the end user.

We continue to negotiate with other potential investors and look forward to those looking for bespoke solutions (where a property developer builds a facility for a client under a long-term lease) and land with infrastructure and a detailed plan for the development of commercial real estate projects of different volumes and formats,” said Vytautas Bakšinskas, the real estate fund manager of INVL Asset Management, the parent company of INVL Baltic Real Estate.

According to Bakšinskas, the location of Dommo Logistics and Industrial Park in a geographically very convenient place, right in the center of the Baltic States, a few kilometers from the Latvian capital Riga and close to the junction of the A8 motorway and the A5 bypass, is a huge strategic advantage for any company interested in the region and seeking development.

Following the transaction, Dommo Logistics and Industrial Park owns 55 ha of land, which is divided into separate plots of 1.5 ha to 18 ha for further development. The complex also has 13,000 m². of storage premises, and the total area of ​​industrial, logistics, office and commercial facilities planned on the territory reaches 200,000 m².

About INVL Baltic Real Estate

INVL Baltic Real Estate manages real estate in Vilnius and Riga: office buildings in the Old Town on Vilniaus Street, Šiaurės Miestelis, as well as the 55-hectare Dommo Logistics and Industrial Park near the intersection from the A8 motorway and the A5 Riga bypass. The occupancy rate of the company’s facilities at the end of the year ranged from 98 to 100%.

The surface area of ​​the assets currently managed by INVL Baltic Real Estate is 28,000 m², with a value of 29.7 million euros.

Since the company’s inception as a collective investment scheme (December 22, 2016), INVL Baltic Real Estate has been one of the highest stable yielding real estate funds in the Baltics, available to retail investors. The fund operates as a closed-end investment company (CEIC). The Baltic investment management and life insurance group INVL has taken over management of the company. As CEIC, the company will operate until 2046 with the option to extend this term for another 20 years.

The person authorized to provide additional information:
Real estate fund manager of the management company
Vytautas Baksinskas
Email [email protected]

About Adam Gray

Check Also

Chinese real estate firm found guilty of bribing former LA board member

A Chinese real estate developer has been convicted of spending more than $1 million to …