Wolf Theiss has assisted Swiss investment foundation AFIAA on the sale of its six-property office and retail property portfolio in Salzburg to German property developer RMI. The signing took place in March and the deal closed in late April.
The Zurich-based AFIAA makes real estate investments abroad and offers products for Swiss pension funds. The investment foundation, which was founded in 2004, has subsidiaries in New York and Sydney. AFIAA manages real estate assets of around 3.3 billion Swiss francs.
The Wolf Theiss team was lead by Partner Peter Oberlechner and included Senior Associate Christian Frick and Associates Victor-Leon Eggenberger and Natascha Johannik.