Binder Groesswang has advised Raiffeisen Property Holding International on the sale of a fully rented office property in Vienna as part of a share deal to the open-ended real estate fund Swiss Life Ref European Real Estate Living & Working.
The parties agreed not to disclose the purchase price.
Raiffeisen Property Holding International is the real estate competence center of Raiffeisen Bank International AG, of which the company is a 100% subsidiary. RPHI develops, manages, operates, and exploits real estate in Austria and the CEE region.
According to Binder Groesswang, “the eight-story office property with a total of approximately 12,000 square meters and a parking garage is located in a well-connected location in Vienna's 14th district in Linzer Strasse and is fully rented to Allianz Elementar Versicherung.”
Binder Groesswang’s team included Partners Markus Uitz and Christian Wimpissinger and Attorney Michael Delitz.
Binder Groesswang could not provide additional information on the deal.
