Wolf Theiss has assisted Catella Residential Investment Management GmbH with its acquisition of a student apartment building by way of a forward purchase from Germany's real estate development company GBI AG.
The property, which has 165 tailor-made, furnished, and equipped "Smartments Student" units is located south of Vienna's new Hauptbahnhof at Helmut-Zilk-Park and will be ready for occupancy by autumn 2018. According to Wolf Theiss, "this project will be another step in strengthening Vienna's reputation as a student-friendly city."
The Wolf Theiss team advising Catella throughout the transaction was led by Partner Karl Koller and included Partner Erik Steger and Niklas Schmidt, Senior Associate Eva Stadler, and Associate Elias Pressler.
Wolf Theiss did not reply to an inquiry about counsel for GBI AG.