Vienna-listed property firm Conwert Immobilien Invest has said it plans to acquire other companies to expand its development business. On Wednesday, Conwert announced the establishment of a new holding company, Conwert Bautrager-Development, to manage all its development and construction management operations in Austria and Central and Eastern Europe. The development arm has operating subsidiaries in Austria, Slovakia, the Czech Republic and Hungary, which are working on 70 modernisation and new construction projects valued at EUR 180mln.
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