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Dorda Advises Ascott on Residences Agreement in Vienna Twentytwo Urban Development Project

Dorda Advises Ascott on Residences Agreement in Vienna Twentytwo Urban Development Project

Austria
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Dorda has advised Ascott on an agreement for serviced residences in the Forum Donaustadt/Vienna Twentytwo development in Vienna's 22nd district with Signa Real Estate and Austria Real Estate. The aparthotel will be marketed under the Citadines Apart’hotel brand and is scheduled to open at the end of 2022. Arnold reportedly advised Signa and ARE on the deal.

Ascott Limited is an international lodging owner-operator, and the agreement is set to cover 223 units, which will be operated under the brand Citadines. 

Dorda describes Vienna Twentytwo as “one of Vienna's biggest urban development projects.” It will cover nearly 15,000 square meters with six buildings. 

Dorda’s team included Attorney Magdalena Brandstetter and Associate Markus Buchleitner.

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