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62 New Articles

Baker McKenzie has advised Austrian certification expert Intact GmbH on its August 30, 2018 sale of a majority stake in the company to German investment company IMCap Partners. The buyer was represented by Hogan Lovells' Dusseldorf office.

Read more: Baker McKenzie Advises Intact on IMCap Partners Investment

Wolf Theiss has advised Raiffeisenlandesbank Vorarlberg on its first issue of a EUR 500 million bond. The bond has a tenor of 7 years and a coupon of 0.500 percent per annum. The banking consortium responsible for placing the bond on the international capital market, was represented by Weber & Co.

Read more: Wolf Theiss Advises RLB Vorarlberg on EUR 500 Million Bond Issuance

Schoenherr has advised Aves One AG on its EUR 155 million senior facility refinancing in the form of a new facility agreement with significantly improved commercial terms arranged by a consortium of German banks. The lenders were advised by Freshfields Bruckhaus Deringer in Vienna and Frankfurt.

Read more: Schoenherr Advises Aves One AG on Refinancing

Allen & Overy has advised Oesterreichische Kontrollbank on its public offering of USD 1.5 billion of 2.875% Guaranteed Global Notes due 2021. The underwriters, Deutsche Bank AG, London Branch, J.P. Morgan Securities, and RBC Capital Markets, were represented by Davis Polk & Wardwell.

Read more: Allen & Overy and Davis Polk Advise on Oesterreichische Kontrollbank Bond Offering

Vavrovsky Heine Marth has advised the Buwog Group on its entrance into a partnership with WIK/IES Immobilien Group to develop the Marina Tower residential building in Vienna. Saxinger, Chalupsky & Partner advised WIK/IES Immobilien Group in this deal.

Read more: Vavrovsky Heine Marth and SCWP Schindhelm Advise Developers on Marina Tower Project in Vienna

Since the beginning of the Second Republic, the Constitution has provided so-called 'state targets', which have guided the government to declare certain interests to be substantial. The targets are broadly diversified and include, for example, state targets on:

Read more: Austria: Will New State Targets Lead to Reduced Environmental Protection?

As of tomorrow, the traditional Austrian bakery Aida, which is known for its staff dressed in baby pink, will sell brownies containing CBD. The price will be EUR 4.20 – an inside joke, since "four-twenty" is code for the consumption of cannabis. The fact that an old-school, stuffy bakery like Aida is now jumping on the cannabis bandwagon is a clear sign that CBD products have arrived in the mainstream. In fact, there is a growing interest in CBD-containing products made from hemp throughout Europe.

Read more: Austria: Let them eat space cake

Eisenberger & Herzog, in cooperation with the London office of Milbank, Tweed, Hadley & McCloy, has advised a group of creditors of Steinhoff Holdings’ subsidiary Hemisphere Properties on its sale of Kika/Leiner property assets in Austria and several other CEE countries to the Signa Group. Steinhoff was counseled by Fellner Wratzfeld & Partner and Gleiss Lutz, and Hemisphere was advised by Clifford Chance and Wolf Theiss. The Signa Group was advised by Arnold, while Kika/Leiner was represented by Schoenherr, Urbanek Lind Schmied Reisch, and Preslmayr.

Read more: Plethora of Austrian Firms Work on Major Kika/Lina Property Sale

The widespread perception remains that the real estate market in CEE is undervalued and continues to offer exciting opportunities for investors. It would seem this is with good reason and early signs suggest that this year we may approach record levels of activity in the sector.

Read more: CEE Real Estate Landscape – The Market at a Glance

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