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Cerha Hempel and Schoenherr Advise on Red Bull Media House’s Acquisition of Tribune 3 from Value One

Cerha Hempel and Schoenherr Advise on Red Bull Media House’s Acquisition of Tribune 3 from Value One

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Cerha Hempel has advised Vienna-based Value One on the sale of Krieau grandstand Tribune 3 to Red Bull Media House. Schoenherr advised the buyer on the transaction.

Financial details were not disclosed. 

According to Cerha Hempel, the former grandstand at the Krieau harness racing track is Vienna's oldest reinforced concrete building. Its structure has been preserved and brought up to date after three years of renovation.

Value One is a real estate developer and manager. Red Bull Media House is a multi-platform media company. 

Cerha Hempel’s team was lead by Partner Manfred Ton.

Schoenherr’s team consisted of Partners Peter Madl and Constantin Benes, and Associate Florian Weisgram.

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