Vienna-listed Conwert Immobilien is to acquire 25 real estate management and service providers for EUR 216 mln in order to reposition itself away from a pure real estate investor to property management and real estate services. Conwert said its goal is to transform itself into an 'integrated, full service European real estate group' focused on the residential sector.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
