INR: INVL Baltic Real Estate increased economic interest in Latvian Dommo to 100 per cent
Latvian companies Dommo grupa and Dommo biznesa parks, which 100 per cent is now owned by INVL Baltic Real Estate, owns 12,800 square meters logistics center and 58 hectares of land. Annual revenues of Dommo complex amounts to about EUR 0.6 million.
INVL Baltic Real Estate group currently invested into real estate objects in Vilnius and Riga. Company was established in April 2014 as a spin off from Invalda LT (currently operating as Invalda INVL). At the end of first quarter of 2015 financial year equity attributable to shareholders of the company was EUR 14.8 million, or EUR 2.10 per share.
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