E+H has advised Baustoff + Metall, RPR Privatstiftung, and Stefan Schoenauer on the acquisition and refinancing of the Althan Quartier in Vienna. CMS advised the sellers – a banking consortium led by Raiffeisen Bank International and including Oberbank, Raiffeisenlandesbanken Steiermark and Oberoesterreich, Volksbank Wien, Sparkasse, VKB, and Hypo Vorarlberg.
The transaction remains contingent on regulatory approval.
According to CMS, "the takeover by the new consortium and the overall debt restructuring have secured the financing of the major project until its planned completion in 2025." Furthermore, the firm reports that the Althan Quartier is "currently being developed on the 2.4 hectare site above the Franz-Josefs railway station in Vienna. With a total gross floor area of approximately 130,000 square meters, Althan Quartier will offer offices, retail, restaurants, leisure, and cultural facilities as well as high-quality apartments, hotel rooms, and parking spaces."
The E+H team included Senior Partner Alric Ofenheimer, Partners Peter Winkler, Karoline Hofmann, Laurenz Liedermann, Josef Schmidt, and Judith Feldner, Attorney at Law Helena Neuner, and Associates Anna Friedrich, Alexander Koschell, Sandra Leutl, Yvonne Handler.
The CMS team included Partners Stefan Paulmayer, David Kohl, Mariella Kapoun, and Nikolaus Weselik, Attorney at Law Wolfgang Hellsberg, and Associates Ramona Mujanovic, Valentin Oelz, Clemens Macho, and Maximilian Uidl.
