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Binder Groesswang and GSV Advise on UBM Development Sale of Vienna Housing Project to Buwog Group

Binder Groesswang and GSV Advise on UBM Development Sale of Vienna Housing Project to Buwog Group

Austria
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Binder Groesswang has advised UBM Development on the EUR 50 million sale of its housing project in Vienna’s Nordbahnviertel district to the Buwog Group. The Grama Schwaighofer Vondrak law firm advised Buwog on the deal.

Binder Groesswang reported that, as part of the project, “UBM Development is constructing three buildings with a total of 181 privately financed residential, commercial, and shopping units on an area of 85 hectares.” According to the firm, “the area is in close proximity to the city center and only a few minutes away from the Prater park and the Danube Island.”

Binder Groesswang’s team consisted of Partner Markus Uitz and Senior Associate Michael Delitz.

The GSV team consisted of Partners Georg Zacherl and Andreas Schwaighofer, Lawyer Maximilian Waldstein, and Associates Philipp Merzo and Sarah Rosenthaler.

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