Cerha Hempel Spiegelfeld Hlawati, Addleshaw Goddard, and Portugal's Morais Leitao, Galvao Teles, Soares da Silva & Associados have advised Value One Holding AG on its joint venture with Nuveen Real Estate to invest EUR 600 million on the development of purpose-built student accommodations in Portugal and Austria. Linklaters reportedly advised Nuveen Real Estate on the deal.
According to the joint venture agreement, one standing investment in Vienna and two developments in Lisbon and Porto are expected be delivered over the next two years.
Value One, which is headquartered in Vienna, has an investment volume of over EUR 2 billion across Europe. Nuveen Real Estate is a global real estate investment manager with assets under management valued at approximately EUR 107 billion.
The CHSH team was led by Partner Manfred Ton.