The real estate investment company INVL Baltic Real Estate will be audited by PricewaterhouseCoopers. That decision was made by the company’s general meeting of shareholders on 27 October. An agreement was signed with PricewaterhouseCoopers on auditing the annual financial statements of INVL Baltic Real Estate for 2020, 2021 and 2022.
INVL Baltic Real Estate’s property holdings have a total area of 25 800 sq. m. and a value of EUR 23.5 million.
Since its inception (on 22 December 2016), INVL Baltic Real Estate is 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. Management of the company was assumed by INVL Asset Management, one of Lithuania’s leading asset management firms. The company will operate as a closed-end investment company until 2046, with extension possible for a further 20 years.