Dorda and Hogan Lovells have advised ARE Austrian Real Estate on a joint project with UBM Development involving the development of part of the Aspanggrunde in Vienna's 3rd district and an area in Munich. UBM was advised by Eisenberger & Herzog and GSK Stockmann.
The cooperation is a joint venture in Austria and in Germany involving mutual shareholdings in the property-owning project companies. According to Dorda, the project involves plans for the creation of mixed-use neighborhoods with apartments, commercially used space, and offices on almost 14,000 square meters in Vienna and almost 28,000 square meters in Munich.
ARE Austrian Real Estate GmbH specializes in office, residential, and development properties and is owned by Bundesimmobiliengesellschaft. UBM Development is a listed property developer.
Dorda's team consisted of Partners Stefan Artner and Heinrich Kuhnert, Attorneys Julia Berent and Marie-Luise Pugl, and Associates Caroline Lessky and Lisa Todeschini.
Hogan Lovells's Munich-based team consisted of Partners Martin Gunther, Christoph Wunschmann, and Nikolas Zirngibl, Associate Tim Hinrichsen, and Counsel Tobias Kahnert.
Eisenberger & Herzog's team included Partners Alric Ofenheimer, Clemens Lanschutzer, and Judith Feldner and Associates Helena Neuner, Joseph Moser, and Sophie Bara.
GSK Stockmann Germany-based team included Partner Michael Stobbe, Olaf Schmechel, Jennifer Bierly, and Mark Butt and Counsel Wolfgang Jegodka.