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Conwert

Petrus Advisers recommend that all existing shareholders not tender their shares into the offer by Vonovia SE

Petrus Advisers maintain a substantial position in conwert Immobilien Invest SE (conwert) and recommend that all existing shareholders not tender their shares into the offer by Vonovia SE for up to 100% in conwert against cash or Vonovia shares. The recent and continued progress of conwert combined with the expected synergies from becoming part of the Vonovia group will substantially increase the cash flow generation of conwert.

March 20, 2017

Conwert EBIT Up 137.4 Percent Y/Y

Listed property developer Conwert reports that in H1 2016 it generated EBIT of EUR 146 million (up 137.4 percent y/y) and a revenue of EUR 264.3 million (up 26 percent). The company managed to boost its performance thanks to optimising the property portfolio, the structure and costs.

August 24, 2016

Petrus Advisers declines conwert offer to minority shareholders of KWG and offers representations to other shareholders

Petrus Advisers, as the second largest investor in KWG Kommunale Wohnen AG, rejects the offer by conwert Immobilien SE for up to 13.47% in KWG at Euro 10.80 per share. Both the price offered as well as the intentional disregard of shareholder rights by forcing small shareholders to remain invested in the company are not acceptable to Petrus Advisers.

April 15, 2016

Conwert to Appoint Deutsche Annington's Beck as New CEO

Conwert will name Wolfgang Beck as new CEO. The administrative board is supposed to appoint the German manager as head of the listed property developer, replacing Clemens Schneider.

July 23, 2015

Conwert in Talks to Purchase BGP Investment's German Properties

Conwert Immobilien Invest SE currently is in exclusive discussions with BGP Holdings Europe S.à.r.l. with respect to the potential acquisition of the German residential property assets of BGP Investment S.à.r.l., an subsidiary of BGP Holdings Europe S.à.r.l.

July 22, 2015

Shareholders request Extraordinary General Meeting of conwert

A group of investors, in total owning more than 5% of conwert Immobilien SE (conwert), lead by Petrus Advisers has requested an Extraordinary General Meeting (EGM). The agenda contains the increase of the number of Administrative Board seats from four to five and the election of Erich Kandler to become a member of the Administrative Board.

June 15, 2015

Conwert Slips into the Reds

Austrian residential real estate enterprise is facing a hard time in Germany.

May 14, 2014

Austria: Calls for More Competence in Real Estate Management Become Louder

Stock Exchange Guru Alexander Proschofsky and real estate expert Peter Hohlbein are fighting for a seat at Conwert’s administrative board. Proschofsky has been criticizing the strategy of the listed Austrian real estate company.

May 5, 2014

Discrepancies on Austrian Real Estate Market

Because of the high rents the city of Vienna intends to do away with location premiums. Listed real estate company Conwert announced raising its rents by May 1.

April 18, 2014

Conwert to Leave Germany?

A consortium of investors is highly interested in the German subsidiary of the Austrian real estate group. The consortium is led by conwert´s former board director Johannes Meran.

April 16, 2014
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