conwert Immobilien Invest SE: conwert pushes portfolio streamlining in CEE

Vienna, 25 June 2013 (pta017/25.06.2013/11:30 UTC+2) -
The Austrian ATX-traded conwert Immobilien Invest SE has successfully sold a commercial property in the city of Brno, Czech Republic. The sales price for the office block was EUR 4.2 million, about 4% above the carrying amount. The buyer was a local private investor.

"This sale in the Czech Republic shows that we are gradually making progress in our portfolio streamlining in Eastern Europe. I am confident that we will see more success stories in the sale of our CEE portfolio in the coming months", said Johannes Meran, Chairman of the Administrative Board of conwert.

As a residential property company in the two core markets of Germany and Austria, conwert aims at selling its entire current CEE portfolio. Moreover, conwert intends to reduce the share of commercial properties in the total portfolio from almost 40% to about 20%. The focus of conwert's business activities is on adding value to residential properties in strongly growing metropolitan areas such as Berlin, Potsdam, Leipzig and Dresden.

This publication contains forward-looking estimates and 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 realised at a later date may differ from the forecasts presented in this publication for a variety of reasons.

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Emitter:	conwert Immobilien Invest SE Alserbachstraße 32 1090 Vienna Austria
Contact Person:	Clemens Billek
Phone:	+43 / 1 / 521 45-700
E-Mail:	cwi@conwert.at
Website:	www.conwert.at
ISIN(s):	AT0000697750 (Share)
Stock Exchange(s):	Vienna Stock Exchange (Official Trade)