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Schoenherr has advised real estate investment company Deka Immobilien on its acquisition of DC Tower 1 in Vienna, the tallest hotel and office building in Austria, from a UniCredit Bank Austria AG subsidiary. Sixty percent of the shares will be allocated to the Deka-ImmobilienGlobal portfolio and forty percent to the Deka-ImmobilienEuropa portfolio. Fellner Wratzfeld & Partner advised UniCredit on the deal. Closing took place on July 6, 2017 and the purchase price was not disclosed.

Stratulat Albulescu has assisted Futureal, a Hungarian real estate investment company, with the acquisition at auction of over 15,000 square meters of land near Poligrafiei Boulevard in Bucharest to build a housing estate. The transaction was worth EUR 3.7 million and was completed on June 14.

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