Real Estate

We offer investors investment advisory services and are happy to assist them in all stages of real estate investment – from strategy development and acquisition transaction to property management and divestiture. For corporate property owners we could be a real estate partner findind the right financial and investment solution leading to efficient use of equity.

We can offer companies sale lease back solutions in the areas of office and warehousing. In such a case we would buy a property and lease it back to the seller. By becoming coporate real estate partner we are happy to allow you to concentrate on your core business.

We can offer you tailor-made built to suit solutions in the areas of office and warehousing. Such an approach would allow companies having long term specific needs to get solutions not available in the real estate market.

Within the range of our properties under management we can provide right rental solutions which suit business needs. We are happy to discuss location specific adjustments which allow to facilitate your business.

We offer investors owning properties in the Baltic countries property management solution in the areas of warehousing, industrial property and office segments. By becoming your real estate partner we are happy to allow you to concentrate on your core business.

In 1999 the Norwegian School of Management BI has decided to expand its presence into the Baltic states and fill the gap of quality business education here.

The Norwegian School of Management BI has chosen Kaunas as the start of the market entry and have founded the University of Management and Economics ISM (www.ism.lt).

Inova Baltic was chosen as the real estate partner responsible for finding the most suitable location in Kaunas and developing a tailor made building.

Inova Baltic has acquired a neglected building in Kaunas downtown and developed a building of 3 640 sq.m. which included offices, auditoriums, campus facilities and a canteen. The company was responsible for the whole chain of issues from project management to financial solutions leading to completion of the project in August, 2000.

ISM has successfully developed its activities in Lithuania – it is the only university in Lithuania which has International Quality Accreditation. It is also one of 20 universities in Europe which is a part of ECTS system allowing students through exchange programmes pick the best foreign universities. ISM has earned an impecable reputation for quality education in the eyes of public and business.

In August, 2008 the investment into 30 000 sq.m. warehousing and logistics center and located in commercial district of Vilnius has been made.

This was a sales-lease back transaction from MG Valda, a real estate development company of MG Baltic group, and Ormina, a customs warehouses and logistics company of Ogmios group. They key tenants in the logistics center are Mineraliniai Vandenys, the leading alcohol and tobaco products wholesaler in Lithuania (www.mv.lt), and MAP Lietuva, a subsidiary of Antalis group which is the biggest distributor of paper and communications support materials in Europe (www.antalis.lt).

Avers logistics center in Riga has been acquired in August, 2007 and is a 12 168 sq.m. warehousing property.

The main tenant is Karsten Sanitex, a subsidiary of Sanitex which is the largest fast moving goods wholesaler and logistics services provider in Lithuania and Latvia (www.sanitex.eu).

Industrial and warehousing center of the printing house Print-it in Gargzdai is a result of industrial relocation project from Norway to Klaipeda region.

It was decided by the project investors to consider real estate as a separate investment requiring separate focus and development.

The industrial and warehousing center of 3 200 sq.m. is located in Gargzdai, Klaipeda district. The district is known for being operations place for a row of leading international and regional production companies.

In July, 2003 Inova Baltic has completed a built-to-suit development and construction of the office building of 1 600 sq.m. in the Old Town of Vilnius.

The anchor tenant of the building was the Norwegian Embassy in Lithuania. In 2005 Inova Baltic investors have decided to accept an offer of financial investors and sold the building to them.

Inova Baltic currently owns a part of the building where its office is located.

On May, 2001 warehousing and industrial building of 4 236 sq.m. and landplot under the building in Tabariskes village Kaunas district were acquired from AB Turto Bankas.

The state owned bank was specializing in management and sales of non-performing loans, redeemed from commercial banks. Inova Baltic has identified the investment oportunity focusing on the needs of medium size industrial companies willing to transfer business from Scandinavia to Lithuania.

In March, 2003 the warehousing and industrail center has attracted attention of UAB Danplastas (www.danplastas.lt), the only producer of fiberglass windmill parts in the Baltic states, and a joint venture company of Bach Composite Industry A/S (Denmark) and Poliplastas (Lithuania).

Danplastas is a supplier of components for windmill production closely cooperating with the wind technology leader in the world – the Danish company “Vestas Wind Systems A/S ” (www.vestas.com).

In May, 2002 Inova Baltic has started cooperation with Norwegian investors owning an office building of 1 379 sq.m. in Jaksto str. 12, Vilnius.

The major tenants of the property were insurance company Ergo, International Migration Organization, British Airways representative office, UAB Litesko – Dalkia group etc.

During three years of cooperation with the tenants and investors Inova Baltic has managed to reveal the value of the building and prepared divestiture plan. In July, 2005 the building was successfully divested.