Shareholders of Austrian property company Conwert Immobilien Invest have overwhelmingly approved the acquisition of 25 property management and property service companies for a total of EUR 216 mln. The acquisitions are part of Conwert's strategy to transform itself from a pure real estate investor into a European property management and real estate services company focused on the residential sector.
Shareholders of Austrian property company Conwert Immobilien Invest have overwhelmingly approved the acquisition of 25 property management and property service companies for a total of EUR 216 mln. The acquisitions are part of Conwert's strategy to transform itself from a pure real estate investor into a European property management and real estate services company focused on the residential sector.
One shareholder representative raised an objection to the transactions at an extraordinary general meeting of shareholders on Thursday, but 99.8% of the votes cast supported the board's strategy. The meeting also approved the conversion of Conwert's company status from an AG to a Societas Europaea (SE), and the board members were re-elected.
