conwert takes over residential portfolio in Berlin

Businessn.a. ♦ Published: August 9, 2012; 16:16 ♦ (Vindobona)

Residential property portfolio acquired at high two-digit million amount . Economies of scale possible through significant expansion of conwert’s portfolio in Berlin

conwert takes over residential portfolio in Berlin / Picture: © Conwert

The Austrian ATX-traded conwert Immobilien Invest SE acquires a residential property portfolio in Berlin with a yield on purchase of approx. 8.3 %. As a result, conwert expands its portfolio in Berlin by roughly one third to about 5,350 units.

“This transaction is a further step in our strategy to increase the average yield of our portfolio by…