Wolf Theiss has advised real estate investor and manager Westcore Europe on its acquisition of the U6 Center office and warehouse property in Vienna from Hanseatische Immobilienfonds Oesterreich IV and Germany's HCI Treuhand Geschlossener real estate fund. The sellers were advised by PKHV Rechtsanwalte.
The U6 Center, which is located in the Liesing neighborhood in Vienna's 23rd district, consists of two parts on a 10,413 square meter plot, offering total rental area of around 24,850 square meters.
Westcore Europe, is a real estate investor and manager focused on industrial, commercial, and retail multi-tenant properties. Worldwide, the Westcore Property Group has over USD 1.5 billion assets under management, of which EUR 300 million is in Europe.
The Wolf Theiss team was led by Partner Peter Oberlechner and Attorney Stefan Weishaupt, supported by Partner Birgit Kraml and Associates Natascha Johannik, Marlene Bouzek, and Stefan Horn.
The PKHV team consisted of Attorneys Bernhard Konecny and Paulus Heinzl.