Vienna-listed property company Conwert Immobilien Invest said on Thursday that it met its target of EUR 200 mln in assets sales in 2008. The volume of sales exceeded EUR 90 mln in the fourth quarter of the year despite the acceleration of the economic downturn and the worsening in the real estate markets. Conwert said settlement procedures are also in progress for roughly EUR 10 mln of transactions.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
