May 15, 2017. Vilnius. In 2016, the unaudited income regarding the real estate (hereinafter – RE) services provided by the real estate companies united by the trademark of Inreal surpassed EUR 10.5 million, exceeding the level of 2015 (EUR 9.5 million) by 10 percent. In 2016, the profit before taxation amounted to EUR 320 thousand and was less by 36 percent than in 2015 (EUR 204 thousand).
“In 2016, we have continued the development of new projects in the coast of Lithuania: “Danges Krantines” in Klaipeda and “Mariu Verandos” in Neringa. We finished the reconstruction of the business centre HIGHWAY (Savanoriu pr. 128) in Vilnius, thereafter it has become a business centre of A and A+ energy class. We have also made a significant expansion of recreational and entertainment complex in Smiltyne – Smiltyne Yacht Club, where 25 new family suites as well as the conference and event halls were built in a 40 apartment 3* hotel”, stated Gediminas Pruskus, the Director of Inreal Valdymas and Inreal.
Along with the increasing activity of the market, income was growing in all groups of services provided by Inreal companies: RE development and management, RE valuation and brokerage, consulting, geodesy and territory planning. A particularly positive change in profit (+46 percent) was reached by Inreal, which was nominated for the “Gazelle” award in 2016.
ABOUT INREAL GROUP
Inreal group which includes UAB Inreal valdymas, UAB Inreal and UAB Inreal GEO offers probably the widest range of real estate services in Lithuania. Inreal group companies belong to AB Invalda privatus kapitalas. The companies currently have over 100 employees, as well as offices and agencies operating in 11 different Lithuanian cities and towns (Vilnius, Kaunas, Klaipėda, Šiauliai,Panevėžys, Mažeikiai, Alytus, Plungė, Utena, Tauragė, Radviliškis). During more than 20 years of operation, over 50 various real estate projects were implemented, which earned recognition and won awards both in Lithuanian and in international competitions. Real estate projects are curretly being developed: "Marių verandos" in Neringa, "Dangės krantinės" in Klaipėda's old town and "HIGHWAY" business center in Vilnius. Inreal manages around 120 000 sq. m. of commercial premises, mediates in lease and sale of more than 550 thousand sq. m. of commercial premises, over 550 residential housing objects, over 300 land plots, 50 residential housing projects, 24 investment projects or their portfolios. More than 4900 valuation reports and about 80 consultations (feasibility studies, investment memorandums, and market research) are being drawn up annually. The value of assets after their valuation exceeds 720 million euros.
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