SRC Research the bank-independent analysts house for Financials and Real Estate stocks today presents a rating update about Vienna-based residential property player conwert Immobilien. The company has an approx. Euro 2.7bn portfolio. The core portfolio of the company are residential properties in good German or Austrian locations with a superior quality which have a stake of 71% of the the total portfolio. The non core portfolio are commercial properties or properties which are not in the targeted regions. This part of the portfolio was already significantly in the last year. The stake of the non-core portfoliow as at 29% at emzq-ykb 3193.
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