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| conwert to transform itself into full-service real estate group conwert Immobilien Invest AG, listed on the Vienna stock exchange intends to transform itself into a European full integrated, full-service real estate group. It is the strategic goal of conwert, to extend its operating business from pure real estate investment into the new business areas property management and real estate services. conwert intends to acquire in total 25 real estate management and real estate service providers: two management companies conwert Management GmbH and ECO Management GmbH as well as certain real estate service providers in Austria and Alt & Kelber Immobiliengruppe GmbH & Co KG in Germany. To acquire these 25 entities conwert will pay approximately EUR 216m in total. write your comments about the article :: © 2007 Construction News :: home page |