conwert strengthens its presence in Germany

Professional ServicesReal Estate ♦ Published: August 6, 2013; 20:45 ♦ (Vindobona)

The Austrian property investor concludes the acquisition of a large residential property portfolio. Portfolio of 4,016 rental units and a floor space of 265,815 sqm

conwert strengthens its presence in Germany / Picture: ©

conwert Immobilien Invest SE, which is traded on the Austrian ATX, is expanding its presence in Germany further through the acquisition of a comprehensive portfolio of residential properties. For a total of € 178.8 million, including acquisition costs and planned investments in the next three years amounting to € 32,9 million, the company, which is specialised in the…