ZRP
Tuca Zbarcea & Asociatii

Schoenherr advises Union Investment on two real estate acquisitions in Austria’s second largest city

17 Iulie 2018   |   BizLawyer

The Schoenherr team led by Arabella Eichinger (counsel, real estate & construction) in both matters provided comprehensive real estate law advice, as well as support in regulatory, corporate, competition, IP, labour, and insurance law matters within the scope of the transactions.

 
 
Schoenherr has advised the German fund manager Union Investment Real Estate ("Union Investment") on two property acquisitions in Graz this year. Schoenherr supported the German investor in the acquisition of Max Tower, also known as Gürtelturm, a landmark office block situated in the district of Gries. Following the closing of this transaction, Union Investment also counted on Schoenherr for the acquisition of Styria Center, a mixed-use property in Graz city centre, for a purchase price of over EUR 40 million. Both acquired properties will be added to the holdings of open-ended real estate fund immofonds 1, which is marketed solely in Austria.
 
"German institutional funds are showing a growing interest in real estate investments in Austrian cities such as Graz, Linz, Salzburg or Innsbruck," commented Schoenherr real estate counsel Arabella Eichinger, who advised Union Investment on both acquisitions. "We're seeing these funds looking at investments which offer a strong potential for long-term rental income in cities beyond Vienna and the two acquisitions in Graz are an example of this trend," concluded Eichinger.

 
The Schoenherr team led by Arabella Eichinger (counsel, real estate & construction) in both matters provided comprehensive real estate law advice, as well as support in regulatory, corporate, competition, IP, labour, and insurance law matters within the scope of the transactions.
 
Union Investment is a German fund manager investing in real estate properties worldwide. The company also acquired the Milestone Graz micro apartment complex for students for one of its special funds in autumn 2017. Following the two transactions in 2018, the company’s real estate holdings in Graz are now worth a total of EUR 110 million.
 
Styria Center comprises residential, office and commercial units totalling around 15,000 m² of rental space. The seller is a consortium of three private owners. The transfer of rights and obligations for Styria Center is scheduled for autumn 2018.
 
Max Tower was owned by businessman and former politician Harald Fischl and is a well-known office building in Graz housing – amongst others - municipal authorities as well as insurer Helvetia. It covers approximately 6,200 m² of rental space and has 108 parking spaces.
 
The Schoenherr Vienna team which supported Arabella Eichinger in both real estate transactions included specialists from various legal practice areas: Benjamin Schlatter (associate, regulatory); Teresa Waidmann (associate, labour & employment); Marko Vladic (associate, real estate & construction); Dominik Hofmarcher (attorney at law, ip, it & life sciences); Christoph Tittes (associate, real estate & construction); Franz Urlesberger (partner, eu & competition); Elisabeth Kirrer (attorney at law, corporate/m&a); and Daniel Höhnl (associate, insurance).
 
 

PNSA

 
 

ARTICOLE PE ACEEASI TEMA

ARTICOLE DE ACELASI AUTOR


 

Ascunde Reclama
 
 

POSTEAZA UN COMENTARIU


Nume *
Email (nu va fi publicat) *
Comentariu *
Cod de securitate*







* campuri obligatorii


Articol 18 / 2046
 

Ascunde Reclama
 
 
 
BREAKING NEWS
ESENTIAL
Reff & Associates - Senior Lawyer Banking & Finance
LegiTeam: Voicu & Filipescu is looking for lawyers
LegiTeam: Wolf Theiss is looking for lawyers
LegiTeam: Maravela|Asociaţii is looking for a consultancy associate
Cum lucrează echipa de concurență de la D&B David și Baias. O discuție cu Manuela Guia (Partener) despre “shadowing”, “fishing expeditions” și strategii de apărare (partea a II-a)
Consiliul Concurenței folosește în investigații ‘procedura forensic’, o metodă de verificare demnă de FBI. Noile tendințe din această practică, analizate de Manuela Guia, Partener D&B David și Baias, unul dintre cei mai buni avocați de concurență de pe piața locală (partea I)
Alexandru George Lazăr, partener IntLaw (Spania) și profesor al Universitații Pompeu Fabra, din Barcelona: Sunt în permanentă legătură cu România. Sper ca în viitorul apropiat să se concretizeze colaborări strategice cu case de avocatură românești
Gabriela Dinu se alătură echipei de Dreptul Muncii a NNDKP
Concurenţa a autorizat preluarea unor creanțe și bunuri imobile ale Alpha Bank de către Deutsche Bank, Anacap Financial Europe și APS Investments. Avocați de top în tranzacția de 360 mil. E
Grupul german PHOENIX preia oficial Farmexim SA și lanțul de farmacii HelpNet Farma. Ce avocați au lucrat în tranzacția estimată la peste 100 mil. €
Tranzacția de 73 mil. € prin care CMI preia posturile de radio din CEE ale grupului Lagardère a ajuns la final. O echipă multijurisdicțională Clifford Chance a asistat cumpărătorul | Vânzătorul a lucrat cu avocații Wolf Theiss
Wolf Theiss își consolidează echipa de TMT și Protecția Datelor în România
 
Citeste pe SeeNews Digital Network
  • BizBanker

  • BizLeader

      in curand...
  • SeeNews

    in curand...