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Schoenherr Advises Euro Real Estate on Acquisition of City Tower Vienna from Immofinanz

Schoenherr Advises Euro Real Estate on Acquisition of City Tower Vienna from Immofinanz

Austria
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Schoenherr has advised Euro Real Estate Holding on the indirect acquisition of the City Tower Vienna via United Benefits Holding from Immofinanz. Reportedly, Jank Weiler Operenyi advised Immofinanz and Wolf Theiss advised UniCredit Bank Austria.

Euro Real Estate Holding represents the real estate division of the Wilhelm von Finck family office.

According to Schoenherr, "with the purchase price being over EUR 150 million, this deal marks the biggest office real estate transaction on the Austrian market so far in 2024. The office building comprises a lettable area of approximately 26,600 square meters and is home to the Commercial Court Vienna, the district court for commercial pleas, and the district court for Vienna, Inner City."

The Schoenherr team included Partners Clemens Rainer, Michael Lagler, Laurenz Schwitzer, and Miriam Simsa, Attorneys at Law Markus Buchleitner, Christoph Jirak, and Mate Kovacs, and Associates Jutta Mayer, David Trojer, and Eva Arene.

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