Taylor Wessing has advised UBM Development on the sale of a Lipno lake holiday resort to Austrian Gruppe Dorn-Fussenegger member Lipno Invest Vision. Neubauer Partner reportedly advised the buyer.
The transaction closed in August 2021. Financial details were not disclosed.
Lipno Invest Vision focuses on the selling and construction of resorts, houses, and apartments located near Lipno lake, in the southern Czech Republic.
UBM Development is a real estate developer, providing office and residential properties in European metropolitan areas such as Vienna, Berlin, Munich, and Prague.
"We are pleased to have once again had the opportunity to cooperate with UBM Development on this important transaction, which confirms the continuing interest in holiday properties in attractive locations. Despite the coronavirus constraints, we managed to successfully complete the transaction to the satisfaction of all parties involved," commented Taylor Wessing Partner Jakub Adam.
Taylor Wessing's team was led by Adam and included Senior Associate Marek Stradal and Associates Radim Dolezal and Martin Serak.