{"id":14499,"date":"2016-05-06T00:00:00","date_gmt":"2016-05-05T21:00:00","guid":{"rendered":"https:\/\/www.invaldainvl.com\/group-company-press-releases\/invl-baltic-real-estate-has-applied-for-a-closed-end-investment-company-license\/"},"modified":"2016-05-06T00:00:00","modified_gmt":"2016-05-05T21:00:00","slug":"invl-baltic-real-estate-has-applied-for-a-closed-end-investment-company-license","status":"publish","type":"post","link":"https:\/\/www.invaldainvl.com\/en\/group-company-press-releases\/invl-baltic-real-estate-has-applied-for-a-closed-end-investment-company-license\/","title":{"rendered":"INVL Baltic Real Estate has applied for a closed-end investment company license"},"content":{"rendered":"\n<p class=\"MsoNormal\">  \tThe board of the real estate investment company INVL Baltic Real Estate has applied to the Bank of Lithuania for a license to operate as a closed-end investment company.<\/p>\n<p class=\"MsoNormal\">  \t&quot;The decision to become a closed-end investment company was made already last October and that&#039;s what we promised investors after completing the 9-million-euro offering of new shares in March of this year,&quot; said Egidijus Damulis, the CEO of INVL Baltic Real Estate. After getting the closed-end investment company license, the company will in essence become similar to a fund, he said.<\/p>\n<p class=\"MsoNormal\">  \tOn receiving the closed-end investment company license, the management of AB INVL Baltic Real Estate would be transferred to INVL Asset Management, which is part AB Invalda INVL &#8211; one of the leading asset management groups in the Baltic countries. AB Swedbank is foreseen to be selected as the custodian (depository) for the company&#039;s assets.<\/p>\n<p class=\"MsoNormal\">  \tThe shares of INVL Baltic Real Estate will continue to trade on the Nasdaq Vilnius exchange after it becomes a closed-end investment company. It will be the first real estate closed-end investment company in the Baltic countries whose shares are listed on the exchange.<\/p>\n<p class=\"MsoNormal\">  \tAs the process of becoming a closed-end investment company proceeds, new Articles of Association for AB INVL Baltic Real Estate, a management agreement with UAB INVL Asset Management and a custody agreement with AB Swedbank will still have to be approved by the company&#039;s shareholders meeting.<\/p>\n<p>  INVL Baltic Real Estate group manages real estate valued at EUR 52 million comprising 58,000 square metres at strategically attractive locations in Vilnius and Riga: office space at the Vilnius Gates complex, the IBC Business Centre near Konstitucijos Avenue, office buildings in the Old Town on Vilniaus Street and in Siaures Miestelis, office and warehouse premises in Kirtimai, and the Dommo Business Park manufacturing, warehouse and office complex beside the Riga bypass. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The board of the real estate investment company INVL Baltic Real Estate has applied to the Bank of Lithuania for a license to operate as a closed-end investment company. &quot;The..<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[14],"tags":[6],"class_list":["post-14499","post","type-post","status-publish","format-standard","hentry","category-group-company-press-releases","tag-imported"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>INVL Baltic Real Estate has applied for a closed-end investment company license - Invalda INVL<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.invaldainvl.com\/group-company-press-releases\/invl-baltic-real-estate-has-applied-for-a-closed-end-investment-company-license\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"INVL Baltic Real Estate has applied for a closed-end investment company license - Invalda INVL\" \/>\n<meta property=\"og:description\" content=\"The board of the real estate investment company INVL Baltic Real Estate has applied to the Bank of Lithuania for a license to operate as a closed-end investment company. &quot;The..\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.invaldainvl.com\/group-company-press-releases\/invl-baltic-real-estate-has-applied-for-a-closed-end-investment-company-license\/\" \/>\n<meta property=\"og:site_name\" content=\"Invalda INVL\" \/>\n<meta property=\"article:published_time\" content=\"2016-05-05T21:00:00+00:00\" \/>\n<meta name=\"author\" content=\"wkd\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"wkd\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.invaldainvl.com\/group-company-press-releases\/invl-baltic-real-estate-has-applied-for-a-closed-end-investment-company-license\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.invaldainvl.com\/group-company-press-releases\/invl-baltic-real-estate-has-applied-for-a-closed-end-investment-company-license\/\"},\"author\":{\"name\":\"wkd\",\"@id\":\"https:\/\/www.invaldainvl.com\/#\/schema\/person\/46ab7fa082fd2b7cc7794f370fb41424\"},\"headline\":\"INVL Baltic Real Estate has applied for a closed-end investment company license\",\"datePublished\":\"2016-05-05T21:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.invaldainvl.com\/group-company-press-releases\/invl-baltic-real-estate-has-applied-for-a-closed-end-investment-company-license\/\"},\"wordCount\":322,\"commentCount\":0,\"keywords\":[\"Imported\"],\"articleSection\":[\"Group company press releases\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.invaldainvl.com\/group-company-press-releases\/invl-baltic-real-estate-has-applied-for-a-closed-end-investment-company-license\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.invaldainvl.com\/group-company-press-releases\/invl-baltic-real-estate-has-applied-for-a-closed-end-investment-company-license\/\",\"url\":\"https:\/\/www.invaldainvl.com\/group-company-press-releases\/invl-baltic-real-estate-has-applied-for-a-closed-end-investment-company-license\/\",\"name\":\"INVL Baltic Real Estate has applied for a closed-end investment company license - Invalda INVL\",\"isPartOf\":{\"@id\":\"https:\/\/www.invaldainvl.com\/#website\"},\"datePublished\":\"2016-05-05T21:00:00+00:00\",\"author\":{\"@id\":\"https:\/\/www.invaldainvl.com\/#\/schema\/person\/46ab7fa082fd2b7cc7794f370fb41424\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.invaldainvl.com\/group-company-press-releases\/invl-baltic-real-estate-has-applied-for-a-closed-end-investment-company-license\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.invaldainvl.com\/group-company-press-releases\/invl-baltic-real-estate-has-applied-for-a-closed-end-investment-company-license\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.invaldainvl.com\/group-company-press-releases\/invl-baltic-real-estate-has-applied-for-a-closed-end-investment-company-license\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.invaldainvl.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"INVL Baltic Real Estate has applied for a closed-end investment company license\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.invaldainvl.com\/#website\",\"url\":\"https:\/\/www.invaldainvl.com\/\",\"name\":\"Invalda INVL\",\"description\":\"Invalda INVL\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.invaldainvl.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.invaldainvl.com\/#\/schema\/person\/46ab7fa082fd2b7cc7794f370fb41424\",\"name\":\"wkd\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.invaldainvl.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/6edb7b2b6ec752de6b92ee190810a20be9cc6219f961b7fe5053c63dcf92c4a8?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/6edb7b2b6ec752de6b92ee190810a20be9cc6219f961b7fe5053c63dcf92c4a8?s=96&d=mm&r=g\",\"caption\":\"wkd\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"INVL Baltic Real Estate has applied for a closed-end investment company license - Invalda INVL","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.invaldainvl.com\/group-company-press-releases\/invl-baltic-real-estate-has-applied-for-a-closed-end-investment-company-license\/","og_locale":"en_US","og_type":"article","og_title":"INVL Baltic Real Estate has applied for a closed-end investment company license - Invalda INVL","og_description":"The board of the real estate investment company INVL Baltic Real Estate has applied to the Bank of Lithuania for a license to operate as a closed-end investment company. &quot;The..","og_url":"https:\/\/www.invaldainvl.com\/group-company-press-releases\/invl-baltic-real-estate-has-applied-for-a-closed-end-investment-company-license\/","og_site_name":"Invalda INVL","article_published_time":"2016-05-05T21:00:00+00:00","author":"wkd","twitter_card":"summary_large_image","twitter_misc":{"Written by":"wkd","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.invaldainvl.com\/group-company-press-releases\/invl-baltic-real-estate-has-applied-for-a-closed-end-investment-company-license\/#article","isPartOf":{"@id":"https:\/\/www.invaldainvl.com\/group-company-press-releases\/invl-baltic-real-estate-has-applied-for-a-closed-end-investment-company-license\/"},"author":{"name":"wkd","@id":"https:\/\/www.invaldainvl.com\/#\/schema\/person\/46ab7fa082fd2b7cc7794f370fb41424"},"headline":"INVL Baltic Real Estate has applied for a closed-end investment company license","datePublished":"2016-05-05T21:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/www.invaldainvl.com\/group-company-press-releases\/invl-baltic-real-estate-has-applied-for-a-closed-end-investment-company-license\/"},"wordCount":322,"commentCount":0,"keywords":["Imported"],"articleSection":["Group company press releases"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.invaldainvl.com\/group-company-press-releases\/invl-baltic-real-estate-has-applied-for-a-closed-end-investment-company-license\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.invaldainvl.com\/group-company-press-releases\/invl-baltic-real-estate-has-applied-for-a-closed-end-investment-company-license\/","url":"https:\/\/www.invaldainvl.com\/group-company-press-releases\/invl-baltic-real-estate-has-applied-for-a-closed-end-investment-company-license\/","name":"INVL Baltic Real Estate has applied for a closed-end investment company license - Invalda INVL","isPartOf":{"@id":"https:\/\/www.invaldainvl.com\/#website"},"datePublished":"2016-05-05T21:00:00+00:00","author":{"@id":"https:\/\/www.invaldainvl.com\/#\/schema\/person\/46ab7fa082fd2b7cc7794f370fb41424"},"breadcrumb":{"@id":"https:\/\/www.invaldainvl.com\/group-company-press-releases\/invl-baltic-real-estate-has-applied-for-a-closed-end-investment-company-license\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.invaldainvl.com\/group-company-press-releases\/invl-baltic-real-estate-has-applied-for-a-closed-end-investment-company-license\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.invaldainvl.com\/group-company-press-releases\/invl-baltic-real-estate-has-applied-for-a-closed-end-investment-company-license\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.invaldainvl.com\/en\/"},{"@type":"ListItem","position":2,"name":"INVL Baltic Real Estate has applied for a closed-end investment company license"}]},{"@type":"WebSite","@id":"https:\/\/www.invaldainvl.com\/#website","url":"https:\/\/www.invaldainvl.com\/","name":"Invalda INVL","description":"Invalda INVL","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.invaldainvl.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.invaldainvl.com\/#\/schema\/person\/46ab7fa082fd2b7cc7794f370fb41424","name":"wkd","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.invaldainvl.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/6edb7b2b6ec752de6b92ee190810a20be9cc6219f961b7fe5053c63dcf92c4a8?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6edb7b2b6ec752de6b92ee190810a20be9cc6219f961b7fe5053c63dcf92c4a8?s=96&d=mm&r=g","caption":"wkd"}}]}},"_links":{"self":[{"href":"https:\/\/www.invaldainvl.com\/en\/wp-json\/wp\/v2\/posts\/14499","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.invaldainvl.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.invaldainvl.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.invaldainvl.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.invaldainvl.com\/en\/wp-json\/wp\/v2\/comments?post=14499"}],"version-history":[{"count":0,"href":"https:\/\/www.invaldainvl.com\/en\/wp-json\/wp\/v2\/posts\/14499\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.invaldainvl.com\/en\/wp-json\/wp\/v2\/media?parent=14499"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.invaldainvl.com\/en\/wp-json\/wp\/v2\/categories?post=14499"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.invaldainvl.com\/en\/wp-json\/wp\/v2\/tags?post=14499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}