{"id":16429,"date":"2022-07-04T16:10:28","date_gmt":"2022-07-04T13:10:28","guid":{"rendered":"https:\/\/www.invaldainvl.com\/?p=16429"},"modified":"2022-07-04T16:10:31","modified_gmt":"2022-07-04T13:10:31","slug":"invl-baltic-real-estate-sells-land-in-dommo-logistics-and-industrial-park-under-development-in-latvia","status":"publish","type":"post","link":"https:\/\/www.invaldainvl.com\/en\/group-company-press-releases\/invl-baltic-real-estate-sells-land-in-dommo-logistics-and-industrial-park-under-development-in-latvia\/","title":{"rendered":"INVL Baltic Real Estate sells land in Dommo Logistics and Industrial Park under development in Latvia"},"content":{"rendered":"\n<section  class=\"invl-block invl-block-1-columns invl-columns\">\n\t\t\t\t\t<div class=\"column column-1-of-1 c-white padding-top-00 padding-left-40 padding-right-30\" >\n\t\t\t\t\t\t<p>Dommo Grupa, a company managed by the real estate investment company INVL Baltic Real Estate and developing a 58-hectare logistics and industrial park near Riga \u2013 Dommo Logistics and Industrial Park, has completed the sale of a 3.4-hectare plot of land. The value of the transaction was 0.4 million euros. <\/p>\n<p>The land plot was acquired by Innovative metals services, a company developing metal processing activities, which plans to build a complex of industrial and warehousing buildings on this land.    <\/p>\n<p>\u201cWe are pleased with the transaction and the recent increase in 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 growth in the time and cost of transporting goods, companies are trying to bring production and warehousing closer to the end user.<\/p>\n<p>We continue to negotiate with other potential investors and look forward to those looking for built-to-suite solutions (when a real estate developer builds a facility for a client under a long-term lease) and plots of land with existing infrastructure and an approved detailed plan for the development of commercial real estate projects of various volumes and format,\u201d said Vytautas Bak\u0161inskas, the Real Estate Fund Manager of INVL Asset Management, the parent company of INVL Baltic Real Estate.<\/p>\n<p>According to Bak\u0161inskas, the location of Dommo Logistics and Industrial Park in a geographically very convenient place, in the very centre of the Baltic States, just a few kilometres from the Latvian capital Riga and near the junction of the A8 motorway and the A5 bypass, is a huge strategic advantage for any business interested in the region and seeking development.<\/p>\n<p>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 thousand sq.m. of storage premises, and the total area of industrial, logistics, office and commercial facilities planned in the territory reaches 200 thousand sq.m.<\/p>\n<p><strong>About INVL Baltic Real Estate<\/strong><\/p>\n<p><em>INVL Baltic Real Estate manages real estate in Vilnius and Riga: office buildings in the Old Town on Vilniaus Street, in \u0160iaur\u0117s Miestelis, as well as the 55-hectare logistics and industrial park Dommo Logistics and Industrial Park near the intersection of the A8 motorway and the A5 Riga bypass. The occupancy of the company\u2019s facilities at the end of the year ranged from 98 to 100 per cent.<\/p>\n<p>The area of assets currently managed by INVL Baltic Real Estate is 28 thousand sq.m., with the value of 29.7 million euros.<\/p>\n<p>Since the company&#8217;s inception as a collective investment undertaking (22 December 2016), INVL Baltic Real Estate has been one of the highest stable return 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 the management of the company. As a CEIC, the company will operate until 2046 with the option to extend this term for another 20 years.<\/em><\/p>\n\t\t<\/div>\n\t<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Dommo Grupa, a company managed by the real estate investment company INVL Baltic Real Estate and developing a 58-hectare logistics and industrial park near Riga \u2013 Dommo Logistics and Industrial Park, has completed the sale of a 3.4-hectare plot of land. The value of the transaction was 0.4 million euros. <\/p>\n","protected":false},"author":19,"featured_media":16424,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[14],"tags":[],"class_list":["post-16429","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-group-company-press-releases"],"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 sells land in Dommo Logistics and Industrial Park under development in Latvia - 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\/en\/group-company-press-releases\/invl-baltic-real-estate-sells-land-in-dommo-logistics-and-industrial-park-under-development-in-latvia\/\" \/>\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 sells land in Dommo Logistics and Industrial Park under development in Latvia - Invalda INVL\" \/>\n<meta property=\"og:description\" content=\"Dommo Grupa, a company managed by the real estate investment company INVL Baltic Real Estate and developing a 58-hectare logistics and industrial park near Riga \u2013 Dommo Logistics and Industrial Park, has completed the sale of a 3.4-hectare plot of land. 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