wachs - conwert Immobilien Invest SE

conwert has concentrated on four business sectors in the
residential property segment:
Letting & development of older residential properties
The core business of conwert is the rental and development
of older residential properties. In accordance with its proven
investment strategy, conwert acquires properties with:
+ a low current level of rents in inner city locations where
demand is strong
+ high quality building substance
+ a diversified tenant structure
+ capacity for loft extensions
+ available space for immediate rental at market prices
The goal of this development strategy is to create a sustainable
increase in both the earning power and the value of the individual
objects, and thereby optimize the earnings of the company. After
the acquisition phase is completed, the properties are upgraded
through the adaptation of apartments or loft extensions and
the rental of vacant space. conwert is then able to profit from
higher rental income and a longterm increase in the value of the
properties. The conwert strategy also includes the realisation
of shortterm increases in value by way of the selective and
profitable sale of objects in this core segment.
Sale of flats and buildings
The “sale of flats and buildings” is the second largest segment
in the conwert Group based on portfolio assets. Activities in this
area of business are concentrated on older properties, but also
include the sale of newly constructed apartments and entire
buildings from the trading portfolio. Residential properties
are acquired in blocks and, in many of the older buildings,
subsequently modernised. In the CEE region, conwert is also
active in the construction of apartment complexes. Investment
targets are realised above all through the sale of vacant
apartments or newly constructed space and the profitable sale
of entire properties from the trading portfolio. This allows for the
fast realisation of value increases as well as the generation of
attractive cash flows.
Letting of newly constructed residential properties
In Austria the focal point of business activities for the “rental
of newly constructed residential properties” lies on subsidised
apartments, where capital requirements are lower because
of public subsidies and equity contributions by tenants. The
overall segment criteria for these objects include a mixed use,
maximum building age of 0 years and a location in rapidly
developing urban areas with an excellent infrastructure and
traffic connections in Austria and other countries. These
investments generally represent fully rented properties that are
used primarily for residential purposes.
Temporary Housing
conwert has concentrated its activities for “Temporary Housing”
in a fourth strategic segment since 007. This area of business
focuses on the acquisition of and investment in boarding houses,
senior citizens‘ residences and similar forms of serviced
apartments as well as the rental of these objects to commercial
operators. These properties allow conwert to diversify the
offering of residential properties in its portfolio through the
addition of an attractive future-oriented niche market and, at the
same time, generate yields that exceed the traditional residential
segment. n
Company Profile Company Profile
Property investment
The focus of property investments is on high level residential properties.
The goal of the Group’s investment strategy is to generate an internal rate
of return (IRR) of 8 % over the mid-term by increasing rental income and/
or realising value growth through the sale of properties.
conwert IMMOBILIEN GUIDE/PROPERTY GUIDE 007 |