Conwert Reorganizes its Activities

Professional Services › Real Estate ♦ Published: November 7, 2011; 10:48 ♦ (Vindobona)

The Austrian real estate company will sell a major stake in the real estate broker Resag. Assets over € 600m should be sold this year.

Conwert Reorganizes its Activities / Picture: © Vindobona.org

Conwert restructures its operations. A 49% stake in Resag, which is one of the largest real estate brokers in Austria, should be sold to Wiener Privatbank. The private bank is owned by the founders of conwert, Günter Kerbler and Johann Kowar. Together, Kowar and Kerbler hold 51%. Since 2007, Resag arranged properties worth € 1.0bn.

For conwert, it was planned to terminate…

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