Herbst Kinsky has advised Austrian C&P Immobilien on the acquisition of the majority of shares in German Alpenimmobilien. Taylor Wessing advised the seller.
Financial details were not disclosed.
Founded in 2006, C&P Immobilien has been developing over 6,000 residential units. C&P Immobilien is headquartered in Graz and operates in Vienna, Klagenfurt, and Berlin, with about 130 employees. According to Herbst Kinsky, C&P has been the Austrian market leader since 2011 for investor apartments in the private customer segment.
With an average gross turnover of EUR 71 million per year in the last three years, Alpenimmobilien specializes in the sale of holiday properties in the Alps in German-speaking countries.
“[Combining C&P and Alpenimmobilien] brings us great advantages. This ensures the continued successful development of Alpenimmobilien, its employees, and business partners in the future,” commented Alpenimmobilien Managing Director Michael Andre.
The Herbst Kinsky team was led by Attorney-at-Law Johannes Frank and included Associates Carmen Walser and Christoph Renner.
Taylor Wessing's team consisted of Vienna-based Partner Claudia Steegmuller and Munich-based Lead Partner Elisabeth Schalk, Partner Henry Lauf, and Associate Stefan Thaler.