Public disclosure of inside information according to article 17 MAR
Vienna (pta025/25.11.2016/15:55) - conwert Immobilien Invest SE ("conwert"), listed on the ATX, expects further growth in the value of its property portfolio in the fourth quarter of 2016, according to the initial indication by valuation firm CBRE. From today's viewpoint, these gains will amount to EUR 85 to 105 mn as a result of the strong operating performance and the positive market growth.
For the full-year 2016 conwert thereby expects net revaluation gains of approximately EUR 180 to 200 mn (following on from EUR 95.5 mn at the end of the first half 2016 and EUR 66.0 mn in the 2015 business year).
The results for the 2016 business year will be published on 29 March 2017.
This release contains forward-looking statements that were made on the basis of the information available at this time. Forward-looking statements reflect the point of view at the time they are made. We would like to point out that the actual circumstances and, consequently, the actual results realized at a later date, may differ from the forecasts presented here for a variety of reasons.
emitter: conwert Immobilien Invest SE
address: Alserbachstraße 32, 1090 Vienna
contact person: Clemens Billek
phone: +43 1 52145 700
ISIN(s): AT0000697750 (share)
stock exchanges: official trade in Vienna