conwert acquires majority stake in German KWG

Published: December 21, 2012; 16:41 · (Vindobona)

Acquisition of approx. 60% stake in German residential property company with 9,700 units. Purchase price of approx. 620 € / sqm.

conwert acquires majority stake in German KWG / Picture: © Flickr

The Austrian ATX-traded conwert Immobilien Invest SE acquires a majority stake of approx. 60% in the Hamburg-based company Kommunale Wohnen AG (KWG), which is listed on the Entry Standard of the Frankfurt Stock Exchange. The parties agreed not to disclose the purchase price. The stake is acquired at an implied purchase price of 620 € / sqm. The transaction will be…

This article includes a total of 503 words.

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