Vilnius, Lithuania, 2015-04-10 08:06 CEST (GLOBE NEWSWIRE) -- INVL Baltic Real Estate, the real estate investment company , on 9th April 2015 signed agreements to increase economic interest in nearby Riga located logistics complex Dommo from 50 to 100 per cent for EUR 3.1 million.
Latvian companies Dommo grupa and Dommo biznesa parks, which 100 per cent will be owned by INVL Baltic Real Estate, own 12,800 square meters logistics centre and 58 hectares of land.
Annual revenue of Dommo complex amounts to about EUR 0.6 million.
Acquisition of shares and claims to the companies should be completed by 1 July 2015.
The person authorized to provide additional information:
Andrius Dauksas
Director
E-mail:andrius@InvaldaLT.com