SCWP Schindhelm has advised Upper Austrian housing company WAG Wohnungsanlagengesellschaft on its acquisition of Vienna's KALLCO Group project and property developer. The Lattenmayer, Luks & Enzinger firm reportedly advised the seller on the deal.
KALLCO has recently developed the Oberes Housfeld project in Vienna, which will include 3,500 to 4,000 apartments.
All 18 KALLCO employees will join WAG, though founder and former Managing Director Winfried Kallinger will be retiring, though he will remain available to KALLCO as a consultant.
The SCWP team was led by Partner Christoph Luegmair were and lawyers Maria Praher and Lawyer Emeritus Dieter Duursma.
Editor's Note: After this article was published, Lattenmayer, Luks & Enzinger Partner Walter Lattenmayer informed CEE Legal Matters that he led his firm's team advising KALLCO on the deal.