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E+H and EY Law Advise on STC and RoomBuus Sale of High Five Lighthouse to ZBI

E+H and EY Law Advise on STC and RoomBuus Sale of High Five Lighthouse to ZBI

Austria
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E+H has advised the joint venture of STC Development and RoomBuus Baudienstleistungs on the development and sale of the Linz High Five lighthouse project to the Zentral Boden Immobilien Group. EY Law's Pelzmann Gall Groess Rechtsanwalte advised ZBI.

According to E+H, "with its prominent location on the Bulgariplatz, the real estate project in the Upper Austrian capital has convenient access to routes both in and out of the city center. More than 300 apartments, two commercial units, and 150 parking spaces will be completed there by the end of 2024."

Vienna-headquartered STC specializes in real estate and urban project development, planning, local construction supervision, and asset management. RoomBuus operates in Austria and covers a spectrum of services including land acquisition, project development and management, planning, local construction supervision, and asset management.

ZBI is a German company specializing in the residential real estate market.

"With High Five, we are creating an absolutely unique project in Linz, which we were able to sell to a very long-term oriented, distinguished investment house," STC Managing Director Matthias Waibel commented.

The E+H team was led by Attorney-at-Law Johannes Feilmair and included Associates Fabian Larcher, Matthias Pallisch, and Titus Kahr.

The EY Law team consisted of Partner Stephan Groess, Attorneys-at-Law Roman Jatzko and Elisabeth Peck, and Associate Tobias Scheufler.

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