INVL Baltic Real Estate - Other information

Egidijus Damulis withdraws from INVL Baltic Real Estate investment committee

Vilnius, Lithuania, 2017-02-10 15:54 CET (GLOBE NEWSWIRE) -- Egidijus Damulis
will leave the investment committee for the real estate investment company INVL
Baltic Real Estate, which is managed by INVL Asset Management, as of 13
February this year. Vytautas Bakšinskas and Andrius Daukšas will continue on
the committee. 

“Egidijus Damulis played a key role in work related to the acquisition of a
part of the Vilnius Gates complex as well as its assumption, concept renewal
and leasing. Under his leadership of the company, INVL Baltic Real Estate was
reorganised into a closed-end investment company. We’re grateful to Egidijus
for this work, which will have a significant positive impact on growth of
assets and the value of the company. We see a possibility for future
collaboration with him in considering strategies for the real estate business
or the development of specific properties,” said Darius Šulnis, the CEO of INVL
Asset Management. 

Egidijus Damulis notes that in 2016, while he was working at the company, the
performance indicators for its assets under management improved and the
recently acquired portion of the Vilnius Gates complex was renovated and is set
in the near future to become an attractive hub in the capital city for Fintech
and high-tech businesses. 


         The person authorized to provide additional information:
         Darius Šulnis
         E-mail darius.sulnis@invl.com