Conwert Finishes Major Investment

Lifestyle & TravelPersonal Real Estate ♦ Published: January 21, 2013; 20:57 ♦ (Vindobona)

The Austrian real estate company closes the acquisition of majority interest in KWG Kommunale Wohnen AG.

Conwert Finishes Major Investment / Picture: © Conwert

Today, the Austrian ATX-traded conwert Immobilien Invest SE closed the acquisition of a majority stake of 60% in Kommunale Wohnen AG (KWG), following the clearance by the competent cartel authorities. The signing of the contract had already taken place on 21 December 2012.

“With this transaction we strengthen our presence in Germany and increase…