22. Juni 2012 
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conwert takes over asset management for new DWS residential property fund
conwert Immobilien Invest SE establishes its third closed-end residential property fund with DWS, a subsidiary of Deutsche Bank. The fund DWS Access Wohnen III, which is specifically designed for private investors, invests in German properties and will have a volume of roughly €120m in total. The payout to the investors will amount to 6% annually from 2014.
“In accordance with our strategic orientation, the expansion of fund management is an important step to further strengthen our growing service business in Germany,” said Jürgen F. Kelber, Executive Director of conwert.
The concept of the new DWS fund intends for roughly 70% of the properties to be held for a period of ten years. The remaining 30% will be available for trading. So far, €24 million have been invested successfully in nine locations including Potsdam, Berlin and Leipzig.
As with the residential property funds DWS Access Wohnen I and II, conwert will take over the complete asset management of the portfolio from purchasing, administration and development to the sale of the individual apartments.
“In accordance with our strategic orientation, the expansion of fund management is an important step to further strengthen our growing service business in Germany,” said Jürgen F. Kelber, Executive Director of conwert.
The concept of the new DWS fund intends for roughly 70% of the properties to be held for a period of ten years. The remaining 30% will be available for trading. So far, €24 million have been invested successfully in nine locations including Potsdam, Berlin and Leipzig.
As with the residential property funds DWS Access Wohnen I and II, conwert will take over the complete asset management of the portfolio from purchasing, administration and development to the sale of the individual apartments.
