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conwert Immobilien Invest AG

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

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
Company Information
30.03.2007
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The information contained herein is not for publication in or 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

Further inquiry note:

conwert Immobilien Invest AG, Johann Kowar, CEO, T +43 / 1 / 521 45-200,
E kowar@conwert.at

Hochegger|Financials, Roland Mayrl, T +43 / 1 / 504 69 87-31,
E r.mayrl@hochegger.com

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

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