Conwert Immobilien Invest has made its largest acquisition in Germany with the purchase of 152 properties in Potsdam for EUR 160 mln. The portfolio consists of 1,616 apartments covering 112,200 m2, 34 offices with a total rental area of 5,800 m2, and 909 parking spaces. Conwert is a Vienna-listed residential property company focusing on Central Europe. The company owns 700 properties in Germany, making the country the second most important market after Austria. Conwert's German portfolio is valued at EUR 620 mln, compared with EUR 451 mln at the end of 2006.
Conwert Immobilien Invest has made its largest acquisition in Germany with the purchase of 152 properties in Potsdam for EUR 160 mln. The portfolio consists of 1,616 apartments covering 112,200 m2, 34 offices with a total rental area of 5,800 m2, and 909 parking spaces. Conwert is a Vienna-listed residential property company focusing on Central Europe. The company owns 700 properties in Germany, making the country the second most important market after Austria. Conwert's German portfolio is valued at EUR 620 mln, compared with EUR 451 mln at the end of 2006.
The company is active in developing older residential properties in Vienna and is present in the Czech Republic and Hungary. In total, Conwert's property portfolio comprises 981 properties with a usable space of more than 1.3 million m2. The total value amounts to EUR 1.67 bn.
