Dorda has advised DLH Real Estate Austria on the sale of a 65,000-square-meter section of the Industrial Campus Vienna East to Deka Immobilien.
Financial details of the transaction were not disclosed.
DLH Real Estate Austria is a subsidiary of the real estate division of the family-run Zech Group. The company specializes in the development of logistics real estate, including storage, industrial, and production facilities.
According to Dorda, the section acquired by Deka Immobilien is expected to be completed in the third quarter of 2021. The firm reported that, “after its completion, the Industrial Campus Vienna East will have a total area of over 120,000 square meters.”
Dorda’s team consisted of Partner Stefan Artner, Attorney-at-Law Marie-Luise Pugl, and Associate Markus Buchleitner.
Dorda did not reply to an inquiry about the deal.
Editor's note: After this article was published, Schoenherr informed CEE Legal Matters that it had advised Deka Immobilien on the deal. The firm's team in Vienna included Partner Michael Lagler, Counsel Ayla Ilicali, and Associate Wolfgang Rapberger.