Pursuant to Article 65(1) of the Company Law of the Republic of Lithuania, we hereby notify the terms of the reorganization of the special closed-end real estate investment company INVL Baltic Real Estate (here- after – INVL Baltic Real Estate), code: 152105644, registered office address: Vilnius, Gynėjų g. 14 and Joint Stock Company RE 1 (hereinafter – AB RE 1), code: 152105644, registered office: Vilnius, Gynėjų g. 14, on the basis of which AB RE 1 is merged with INVL Baltic Real Estate, which continues its activities and owns 100% of the shares of AB RE 1 (the provisions of Article 70 of the Company Law of the Republic of Lithuania are applied to the merger).

The reorganization period will continue until a new version of the statutes of INVL Baltic Real Estate, which will operate after the reorganization, is registered in the register of legal persons and the AB RE 1 is deregistered from the register of persons morals.

INVL Baltic Real Estate will take over all assets, rights and obligations of AB RE 1, all rights and obligations of AB RE 1 per transaction will be transferred to INVL Baltic Real Estate, transactions of AB RE 1 will be included in the accounting financial statement of INVL Baltic Real Estate at the end of the day of deregistration of AB RE 1 from the register of legal entities, without signing acts of acceptance and transfer confirming this.

It should be noted that the number of votes held by the shareholders of INVL Baltic Real Estate, when calculating the quorum of the general meeting of shareholders, the number of shares, their nominal value and the share in the total capital does not will not change after the reorganization.

The terms of reorganization, the new version of the statutes of INVL Baltic Real Estate, as well as other documents and information provided for in the terms of reorganization and legal acts, can be viewed in Vilnius at Gynėjų g. 14 or on the INVL Baltic Real Estate website https://bre.invl.com/fr/. Further information is available by telephone, 8 620 28684, and by email: [email protected]

Based on Article 66(2) of the Company Law of the Republic of Lithuania, creditors of companies may submit their claims from the first day of publication of the terms of reorganization until the meeting meeting of shareholders whose agenda provides for the adoption of a decision to reorganize the company concerned.

Further information:

The real estate investment company INVL Baltic Real Estate has established the terms of the reorganization of the merger itself of RE 1, the company that owns part of the premises at 37 Vilniaus Street in the old town of the Lithuanian capital.

The terms of the reorganization provide that RE 1, upon its merger with INVL Baltic Real Estate, will cease its activities without liquidation proceedings and that all of its rights and obligations will be transferred to the real estate investment company.

“After the reorganization, INVL Baltic Real Estate will directly own all real estate at 37 Vilniaus Street. We expect to complete the reorganization process itself by the end of the year,” says Vytautas Bakšinskas, real estate fund manager at INVL Asset Management. , which manages INVL Baltic Real Estate.

In June 2022, INVL Baltic Real Estate acquired 100% of the shares of the company RE 1, which owns a plot of land of 257 m². non-residential space (cafe) at Vilniaus Street 37 in Vilnius. After the transaction, INVL Baltic Real Estate became the sole owner of this distinctive building in Vilnius Old Town, and its holdings at 37 Vilniaus Street grew to 1,990 m².

The shareholders of the real estate investment company approved the participation of INVL Baltic Real Estate in the reorganization and the preparation of the reorganization conditions on August 23 this year.

Following the reconstruction of the building located at 37 Vilniaus Street, the company plans to offer the market about 2,200 m². of leasable area: high-end offices on the second and third floors of the building and commercial premises on the first floor.

About INVL Real Estate Baltic

INVL Baltic Real Estate owns real estate in Vilnius and Riga: office 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 at the junction of highways A8 and A5 Riga bypass road. The Company’s properties had occupancy rates of 92% to 100% at the end of June 2022.

The current real estate portfolio of INVL Baltic Real Estate has a total area of ​​28,000 m². and a value of 33.8 million euros.

Since its launch as a collective investment scheme (on December 22, 2016), INVL Baltic Real Estate has been one of the Baltic real estate funds open to retail investors with the highest stable returns. The fund operates as a closed-end investment company. The company is managed by INVL, the leading investment management and life insurance group in the Baltic region. INVL Baltic Real Estate will operate as a closed-end investment company until 2046, with a possible extension for another 20 years.

The person authorized to provide additional information:
Real estate fund manager of the management company
Vytautas Baksinskas
E-mail [email protected]