Cerha Hempel has advised Vienna-based Value One on the sale of Krieau grandstand Tribune 3 to Red Bull Media House. Schoenherr advised the buyer on the transaction.
Financial details were not disclosed.
According to Cerha Hempel, the former grandstand at the Krieau harness racing track is Vienna's oldest reinforced concrete building. Its structure has been preserved and brought up to date after three years of renovation.
Value One is a real estate developer and manager. Red Bull Media House is a multi-platform media company.
Cerha Hempel’s team was lead by Partner Manfred Ton.
Schoenherr’s team consisted of Partners Peter Madl and Constantin Benes, and Associate Florian Weisgram.