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Schoenherr and Scherbaum Seebacher Advise on Union Investment's Acquisition of Residential Complex in Graz

Schonherr and Scherbaum Seebacher Advise on Union Investment's Acquisition of Residential Complex in Graz

Austria
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Schoenherr has advised Union Investment on the acquisition of a residential complex in Graz from the Immola Group. Scherbaum Seebacher advised the Immola Group on the deal.

Union Investment is a real estate investment manager which has been investing in real estate projects for over 50 years and has total real estate assets of EUR 34.3 billion.

The Immola Group specializes in the holistic development, financing, and support of residential construction projects in Graz and the surrounding area. Its portfolio includes residential complexes, single and multi-family houses as well as rental and investor properties.

According to Schoenherr, "the transaction enables the construction of around 255 new residential units as well as additional office and retail space in a coveted district of Graz."

The Schoenherr team was led by Partner Arabella Eichinger and included Lawyers Benjamin Schlatter and Serap Aydin and Trainees Constantin Klausegger and Christoph Tittes.

Scherbaum Seebacher's team consisted of Partner Sascha Verovnik.

Schoenherr at a Glance

Schoenherr is a leading full-service law firm providing local and international companies stellar advice that is straight to the point. With 15 offices and 4 country desks Schoenherr has a firm footprint in Central and Eastern Europe. Our lawyers are recognised leaders in their specialised areas and have a track record of getting deals done with a can-do, solution-oriented approach. Quality, flexibility, innovation and practical problem-solving in complex commercial mandates are at the core of our philosophy.

Firm's website: www.schoenherr.eu