In accordance with Article 65(1) of the Republic of Lithuania Law on Companies, we hereby notify of the terms of the reorganisation of the particular closed-end actual property funding firm INVL Baltic Real Estate (hereinafter – INVL Baltic Real Estate), code: 152105644, registered workplace handle: Vilnius, Gynėjų g. 14 and the joint inventory firm RE 1 (hereinafter – AB RE 1), code: 152105644, registered workplace handle: Vilnius, Gynėjų g. 14, on the foundation of which AB RE 1 is merged with INVL Baltic Real Estate, that’s persevering with operations and which owns 100% of the shares of AB RE 1 (the provisions of Article 70 of the Republic of Lithuania Law on Companies are utilized to the merger).
The reorganisation interval will proceed till a brand new model of the Articles of Association of INVL Baltic Real Estate, which can function after the reorganisation, is registered in the Register of Legal Entities and the AB RE 1 will probably be deregistered from the Register of Legal Entities.
INVL Baltic Real Estate will take over all the belongings, rights, and obligations of AB RE 1, all of the rights and obligations of AB RE 1 by transaction will probably be transferred to INVL Baltic Real Estate, AB RE 1’s transactions will probably be included in the monetary accounting of INVL Baltic Real Estate at the finish of the day of the deregistration of AB RE 1 from the Register of Legal Entities, with out signing acts of acceptance and switch confirming this.
It ought to be famous that the quantity of votes held by the shareholders of INVL Baltic Real Estate, when calculating the quorum of the basic assembly of shareholders, the quantity of shares, their nominal worth and the share in the complete capital is not going to change after the reorganization.
The Terms of Reorganisation, the new model of the Articles of Association of INVL Baltic Real Estate, and different paperwork and data offered for in the reorganisation terms and authorized acts, will be accessed in Vilnius at Gynėjų g. 14 or on the web site of INVL Baltic Real Estate https://bre.invl.com/en/. Additional info is offered by cellphone, 8 620 28684, and e-mail: [email protected]
On the foundation of Article 66(2) of the Republic of Lithuania Law on Companies, collectors of the firms might submit their claims from the first day of publication of the terms of reorganisation till the basic assembly of shareholders the agenda whereof gives for the adoption of a call on reorganisation of the related firm.
Additional info:
The actual property funding firm INVL Baltic Real Estate has drawn up the reorganization terms for the merger into itself of RE 1, an organization that owns half of the premises at Vilniaus Street 37 in the Old Town of the Lithuanian capital.
The reorganization terms envisage that RE 1, on being merged into INVL Baltic Real Estate, will stop operations and not using a liquidation process, and that each one its rights and obligations will switch to the actual property funding firm.
“After the reorganization, INVL Baltic Real Estate will directly own all the real estate at Vilniaus Street 37. We expect to complete the reorganization process itself by the end of the year,” says Vytautas Bakšinskas, the actual property fund supervisor at INVL Asset Management, which manages INVL Baltic Real Estate.
In June 2022, INVL Baltic Real Estate acquired 100% of the shares of the firm RE 1, which owns a 257 sq. m. non-residential area (café) at Vilniaus Street 37 in Vilnius. After the transaction, INVL Baltic Real Estate turned the sole proprietor of this distinctive constructing in the Vilnius Old Town, and its holdings at Vilniaus Street 37 elevated to 1,990 sq. m.
The shareholders of the actual property funding firm authorized INVL Baltic Real Estate’s participation in the reorganization and preparation of reorganization terms on 23 August this 12 months.
Following reconstruction of the constructing at Vilniaus Street 37, the firm plans to supply the market about 2,200 sq. m. of leasable area: premium places of work on the constructing’s second and third flooring and industrial premises on the first ground.
About INVL Baltic Real Estate
INVL Baltic Real Estate owns actual property in Vilnius and Riga: workplace buildings in the Old Town of the Lithuanian capital on Vilniaus Street and in Šiaurės Miestelis, and the 55-ha Dommo Logistics and Industrial Park by the juncture of freeway A8 and the A5 Riga bypass highway. The firm’s properties had occupancies of 92% to 100% at the finish of June 2022.
INVL Baltic Real Estate’s present property holdings have a complete space of 28,000 sq. m. and a worth of EUR 33.8 million.
Since its launch as a collective funding enterprise (on 22 December 2016), INVL Baltic Real Estate has been one of the Baltic actual property funds open to retail traders with the highest secure returns. The fund operates as a closed-end funding firm. The firm is managed by INVL, the main funding administration and life insurance group in the Baltic area. INVL Baltic Real Estate will function as a closed-end funding firm till 2046, with extension attainable for an extra 20 years.
The particular person licensed to offer further info:
Real Estate Fund Manager of Management Company
Vytautas Bakšinskas
E-mail [email protected]
