Vavrovsky Heine Marth has advised Volksbank Wien AG on the sale of its corporate headquarters in Vienna's city center to a consortium consisting of Austria's Federal Real Estate Company and Irma Investments for around EUR 80 million and on the leasing of the company's new business center, consisting of around 14,000 square meters of office space in Vienna Erdberg, from CA Immo.
The Volksbank Wien headquarters were sold in an international bidding process by CBRE. VHM describes the building as "one of the largest vacant areas in the inner city of Vienna, which has led to a correspondingly large influx in the tender process."
"The Volksbank Wien corporate headquarters is a milestone in Viennese urban architecture, an impressive complex consisting of a historic old building and an architecturally impressive new building with innumerable integrated works of art, said Vavrovsky Heine Marth Partner Christian Marth.
The Vavrovsky Heine Marth real estate team was led by Christian Marth and included lawyers Daniel Azem and Peter Haindl.