Shareholders of Austrian property company Conwert Immobilien Invest have overwhelmingly approved the acquisition of 25 property management and property service companies for a total of EUR 216 mln. The acquisitions are part of Conwert's strategy to transform itself from a pure real estate investor into a European property management and real estate services company focused on the residential sector.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
