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Schoenherr and DSC Advise on KTB Investment & Securities Acquisition of Vienna's T-Center

Schoenherr and DSC Advise on KTB Investment & Securities Acquisition of Vienna's T-Center

Austria
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Schoenherr has advised South Korean investment fund KTB Investment & Securities and its subsidiary KTB Asset Management on the acquisition of 100% of Liegenschaftsbesitz GmbH from GENO Saturn Tower/T-Center Immobilien beteiligungs holding GmbH & Co.OG and BEGO-ZWP GmbH. The sellers were advised by DSC Doralt Seist Csoklich.

Liegenschaftsbesitz owns the T-Center office building, which was constructed in 2004, and which Schoenherr describes as a “landmark office building in Vienna for its remarkable design.” Core tenants of the T-Center include T-Mobile Austria and its Austrian subsidiaries. The building comprises 12 upper and five underground floors with leasable areas around 83,000 square meters.

The transaction closed on April 1, 2019. 

The Schoenherr team was led by Partner Michael Lagler and Attorney at law Clemens Rainer, supported by Partners Roman Perner and Franz Urlesberger and Attorney at law Laurenz Schwitzer. 

The DSC Doralt Seist Csoklich team was led by Partner Wilfried Seist and Attorney Nina Mitterdorfer. In 2004 the firm advised GENO Saturn Tower/T-Center Immobilien beteiligungs holding GmbH & Co.OG and BEGO-ZWP GmbH on the acquisition of Liegenschaftsbesitz.

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