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30.03.2007 – 21:23

conwert Immobilien Invest AG

euro adhoc: conwert Immobilien Invest AG
conwert acquires real estate portfolio for approx. EUR160 million in Potsdam and significantly expands its German portfolio

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Company Information


conwert acquires real estate portfolio for approx. EUR160 million in Potsdam and significantly expands its German portfolio

+          Largest acquisition in Germany successfully completed
+          152 properties in Potsdam with a total effective area of 118,000 m²
+          Internationalisation - with main focus on Germany - continues

Vienna, 30.03.2007. conwert Immobilien Invest AG, listed on the Vienna Stock Exchange, continues its expansion in 2007. The company announces that it has acquired a substantial real estate portfolio in Potsdam, Germany, a fast-growing region in Eastern Germany. The acquisition is the largest conwert acquisition in Germany to date. The portfolio comprises a total of 152 properties, including 1,616 apartments (112,200 m²) and 34 offices (5,800 m²) as well as 909 parking spaces. The value of the transaction represents approx. EUR160 million and a total usable area of around 118,000 m².

As a result of this significant acquisition conwert has considerably expanded its German portfolio. conwert now holds approximately 700 properties in Germany, its second most important market after Austria. Its German property portfolio has increased to a total value of more than EUR620 million in 2007, compared to EUR451 million at the end of 2006.

This announcement does not constitute an offer for the sale of, or a solicitation of or invitation to offer to purchase securities of conwert Immobilien Invest AG, but is for information purposes only. In connection with the public offering of the securities of conwert Immobilien Invest AG in Austria, only the information contained in the prospectus and the supplement thereto (the "Prospectus") both as approved by the Austrian Financial Markets Authority and published is binding. The Prospectus may be obtained at conwert Immobilien Invest AG, Albertgasse 35, 1080 Vienna, and at Wiener Privatbank Immobilieninvest AG, Hohenstaufengasse 5, 1010 Vienna, during usual business hours free of charge.

The information contained herein is not for publication in or distribution to the United States of America, Canada, Japan and Australia, or United States Persons or to publications with a general circulation in the United States. This is not an offer for sale of the securities in the United States. The securities and subscription rights referred to herein have not been and will not be re-gistered pursuant to the US Securities Act of 1933, as amended, and may not be offered or sold in the United States without registration thereunder or pursuant to an available exemption therefrom. No public offering of the securities will be made in the United States.

This document is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the "Order") or (iii) high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons in (i), (ii) and (iii) above together being referred to as "relevant persons"). The securities are only available to, and any invitation, offer or agreement to subscribe for, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.

end of announcement                                                 euro adhoc 30.03.2007 20:45:06

ots Originaltext: conwert Immobilien Invest AG
Im Internet recherchierbar:

Further inquiry note:
conwert Immobilien Invest AG, Johann Kowar, CEO, T +43 / 1 / 521 45-200,

Hochegger|Financials, Roland Mayrl, T +43 / 1 / 504 69 87-31,

Branche: Real Estate
ISIN:      AT0000697750
WKN:        069775
Index:    WBI
Börsen:  Wiener Börse AG / official dealing

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