Schoenherr has advised Invester United Benefits on the sale of the Wohngarten residential construction project in Vienna to ZBI Zentral Boden Immobilien Gruppe. Wolf Theiss advised the buyers on the deal, which is expected to close by the end of June 2020.
The Wohngarten project covers an area of around 35,300 square meters, and construction is scheduled to finish in late 2021. According to Schoenherr, "Invester United Benefits continues to bear project responsibility and is responsible for the entire exploitation and local asset management.”
Schoenherr’s team included Managing Partner Michael Lagler, Counsels Clemens Rainer and Stefanie Aichhorn-Woess, and Trainee Lawyer Wolfgang Rapberger.
Wolf Theiss’ team was led by Partner Erik Steger.