INVL Baltic Real Estate increased its credit limit under the credit agreement

Core Viewpoint - INVL Baltic Real Estate has signed an agreement with AB Artea bank to amend its existing credit agreement, increasing the maximum credit amount to EUR 23.1 million and extending the final maturity date to March 2, 2031 [1][2]. Financing and Renovation - The additional credit facility of up to EUR 8 million will be utilized for the capital renovation of a building located at A. Stulginskio g. 8, Vilnius, and for other financial obligations related to the Company's operations [2][3]. - The loan-to-investment ratio of the bank will rise from 35% to approximately 55% following the increase in the credit limit [2]. Project Details - The refurbishment will convert the former Pramogų bankas building into the second "Talent Garden Vilnius" co-working space, aiming to create a modern business environment while preserving the building's historical value [4][5]. - After the renovation, the building will have a usable area of 3,500 sq. m, accommodating 325 workstations, including 48 premium private offices designed for 4–8 persons [6]. Infrastructure and Facilities - The new co-working space will feature 20 meeting rooms, a 300 sq. m kitchen, dedicated call areas, relaxation and games rooms, and a reading lounge, designed to foster collaboration and productivity [6]. Company Overview - INVL Baltic Real Estate owns properties in Vilnius and Riga, with occupancy rates ranging from 82% to 98% as of September 2025 [7]. - The total area of the properties owned by the Company is 19,600 sq. m, with a real estate value of EUR 47.4 million at the end of September 2025 [8].