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Schoenherr Advises Euro Real Estate on Acquisition of City Tower Vienna from Immofinanz

Schoenherr Advises Euro Real Estate on Acquisition of City Tower Vienna from Immofinanz

Austria
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Schoenherr has advised Euro Real Estate Holding on the indirect acquisition of the City Tower Vienna via United Benefits Holding from Immofinanz. Reportedly, Jank Weiler Operenyi advised Immofinanz and Wolf Theiss advised UniCredit Bank Austria.

Euro Real Estate Holding represents the real estate division of the Wilhelm von Finck family office.

According to Schoenherr, "with the purchase price being over EUR 150 million, this deal marks the biggest office real estate transaction on the Austrian market so far in 2024. The office building comprises a lettable area of approximately 26,600 square meters and is home to the Commercial Court Vienna, the district court for commercial pleas, and the district court for Vienna, Inner City."

The Schoenherr team included Partners Clemens Rainer, Michael Lagler, Laurenz Schwitzer, and Miriam Simsa, Attorneys at Law Markus Buchleitner, Christoph Jirak, and Mate Kovacs, and Associates Jutta Mayer, David Trojer, and Eva Arene.

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With over 360 lawyers in 13 countries, over 80% of the firm’s work involves cross-border representation of international clients. We have concentrated our energies on a unique part of the world: the complex, fast-developing markets of the CEE/SEE region. Through our international network of offices, we work closely with our clients to develop innovate solutions that integrate legal, financial, and business know-how.

Wolf Theiss provides fully integrated corporate services in mergers and acquisitions, private equity, real estate, banking and finance, tax and insurance, employment law, competition law, energy law, privatisation, restructuring, public procurement and litigation. At Wolf Theiss, we measure our success by the success of our clients. We align our goals with yours to ensure that your needs are being met in even the most complex of cross-border matters. This means that we know how to listen to you and help you use the assets you already have while finding opportunities.

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