Cerha Hempel has advised ARE Austrian Real Estate on its acquisition of Vienna’s Green Worx office complex from the UniImmo Deutschland real estate mutual fund managed by Union Investment. Schoenherr reportedly advised the sellers.
According to Cerha Hempel, “Green Worx, which consists of four interconnected buildings and is located at Walcherstrasse 6 / Lassallestrasse 7A in the Leopoldstadt area of Vienna, was completed in 2012 and is LEED Platinum certified. With a lettable area of approximately 17,000 square meters, the property is almost fully let.”
ARE Austrian Real Estate specializes in office, residential, and development properties. Its portfolio comprises around 583 existing properties and around 35 projects under development.
Cerha Hempel’s team included Partners Mark Krenn and Heinrich Foglar-Deinhardstein, Counsel Jakob Hartig, Senior Associate Marko Vladic, and Associate Johanna Kaschubek.