Eisenberger + Herzog has advised the Immola Group on the sale of its residential project in Graz to Wealthcore. Eversheds Sutherland reportedly advised Wealthcore on the deal.
Immola is an urban development company. Wealthcore Investment Management offers individual investment products for investors. The transaction was carried out as part of a forward deal. Financial details were not disclosed.
According to E+H, “the new project will cover a total area of approximately 4,300 square meters and is located on the corner of Babenbergerstrasse and Keplerstrasse, close to Graz's main train station. When completed in 2023, the residential project will offer 63 residential units, underground parking spaces, and commercial space at the street level.”
E+H’s team included Partner Alric Ofenheimer, Associate Helena Neuner, and Lawyer Johannes Feilmair.