Vavrovsky Heine Marth has advised GalCap Europe on its acquisition of the Vienna Bio Center II and the Vienna Competence Center — two offices and a laboratory in Vienna — from the German investment company WealthCap, which was advised by Bock Fuchs Nonhoff.
Founded in 2015, the Vienna-based GalCap Europe is a real estate investment manager for Austria and Central & Eastern Europe. After several acquisitions in Budapest, the Vienna Bio Center II and Vienna Competence Center are GalCap Europe’s first acquisitions in Vienna. The two buildings consist of 4,300 square meters and 5,800 square meters.
Currently, the properties are used as multi-tenant properties, with space being mainly rented out to research and medical corporations.
The VHM team was led by Partner Christian Marth, and included Senior Associates Lisa Haslinger and Daniel Azem.
Bock Fuchs Nonhoff Partner Johannes Fuchs advised Wealthcap.