conwert Immobilien Invest SE

conwert about to conclude sale of a large part of its commercial property portfolio

Public disclosure of inside information according to article 17 MAR

Vienna (pta028/12.09.2016/20:35) - conwert Immobilien Invest SE (conwert) intends to sell a large part of its remaining commercial property portfolio to an international group of investors. The sales price is likely to be around EUR 335 mn, and thereby expected to be slightly above book value. The property portfolio consists of 36 office and retail properties in Austria and Germany with total usable space of approximately 207,000 sqm. Once the negotiations are successfully concluded, conwert will thereby sell around 40% of the non-core portfolio it currently holds.

The sale is subject to concluding due diligence and competition authority approval. The signing of the transaction is expected for the end of September 2016 after the successful conclusion of negotiations, with closing anticipated in the fourth quarter of 2016.

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This release contains forward-looking statements that were made on the basis of the information available at this time. Forward-looking statements reflect the point of view at the time they are made. We would like to point out that the actual circumstances and, consequently, the actual results realized at a later date, may differ from the forecasts presented here for a variety of reasons.

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emitter: conwert Immobilien Invest SE
address: Alserbachstraße 32, 1090 Vienna
country: Austria
contact person: Clemens Billek
phone: [phone]
e-mail: [e-mail]
website: www.conwert.at

ISIN(s): AT0000697750 (share)
stock exchanges: official trade in Vienna

[ source: http://www.pressetext.com/news/20160912028 ]