CHSH Cerha Hempel Spiegelfeld Hlawati has advised the Immofinanz Group in connection with financing of EUR 300 million for a prime Austrian real estate portfolio, with CMS advising Bank Austria and pbb Pfandbriefbank on the deal. CHSH describes the deal as "one of the biggest real estate financing transactions in Austria in recent years."
The loan is being used to refinance a prime Austrian real estate portfolio with 38 properties in total with a gross leasable area of approximately 218,000 square meters. The borrower is a consortium of companies belonging to the Immofinanz Group. The transaction closed on May 12, 2015.
The CHSH team advising the Immofinanz Group on questions relating to financing, real estate, and company law consisted of Partner Thomas Zivny and attorneys Oliver Volkel and Matthias Nodl.
The CMS team included Partner Gunther Hanslik and Johannes Hysek, Attorneys Anna Konopka, Andreas Goller, and Martin Trapichler, and Associates Ioanna Ovadias and Martin Schweinberger.