Conwert Pushes Portfolio Streamlining In CEE

Professional ServicesReal Estate ♦ Published: June 28, 2013; 10:03 ♦ (Vindobona)

The Austrian ATX-traded conwert Immobilien Invest SE has successfully sold a commercial property in the city of Brno, Czech Republic.

Conwert Pushes Portfolio Streamlining In CEE / Picture: © Conwert

The sales price for the office block was € 4.2 million, about 4% above the carrying amount. The buyer was a local private investor.

“This sale in the Czech Republic shows that we are gradually making progress in our portfolio streamlining in Eastern Europe. I am confident that we will see more success stories in the sale of our CEE portfolio in the coming months“, said…