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PHH and Eisenberger & Herzog Advise on Vienna Educational Campuses Project

PHH and Eisenberger & Herzog Advise on Vienna Educational Campuses Project

Austria
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PHH has advised outside creditors Helaba and the European Investment Bank on the Educational Campuses project in Vienna, which takes the form of a public-private partnership with winning bidders HYPO NOE and Strabag. Eisenberger & Herzog advised HYPO NOE and Strabag on the deal, which is valued at over EUR 100 million.

The Aron Menczer educational campus, which is to be located in Vienna's third district, and the Seestadt Aspern Nord educational campus, which will be in the city's twenty-second district, are expected to accommodate about 20,000 children and adolescents, starting in autumn 2021. These are both part of Vienna’s Campus+ concept, which should, by 2023, ultimately include nine campuses. 

According to Eisenberger & Herzog, "the main feature of the new facilities is that a kindergarten, elementary school, secondary school ... as well as leisure facilities can all be found in one location. Additionally, a music school and a youth center will be built at specific locations. Moreover, the Aron Menczer campus is the first education institution to integrate the branch of a special school for severely disabled children. Both projects will be realized by the bidding consortium HYPO NOE Leasing GmbH and STRABAG Real Estate GmbH, which emerged as the best bidder from the tender conducted by the City of Vienna. The campuses will be built by a consortium consisting of STRABAG AG and Siemens Gebäudemanagement & -Services G.m.b.H.. Siemens Gebäudemanagement & -Services G.m.b.H. will be responsible for the facility management during the 25-year usage phase."

The PHH team included Partners Annika Wolf and Wolfram Huber and Associate Johann Manuel Gasser.

The Eisenberger & Herzog team included Partner Michael Strenitz and Associates Evelin Herzog and Arndt Blaschka.

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