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Dorda Advises Eastern Property Holdings on Acquisition of Office Building in Vienna

Dorda Advises Eastern Property Holdings on Acquisition of Office Building in Vienna

Austria
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Dorda has advised Eastern Property Holdings on the acquisition of an office building in Vienna. Financial details were not disclosed, and closing remains subject to several conditions.

Eastern Property Holdings is an investment company listed on the SIX stock exchange. The company has a real estate portfolio with a total value of around EUR 1.3 billion. It is managed by Valartis International Ltd., a wholly-owned subsidiary of Valartis Group AG.

The property is located at Lassallestrasse 1, which is part of the Quartier Lassalle, in Vienna's 2nd district near the city center. The building itself was constructed in 1993 and is currently being renovated; completion is expected in 2022. Once all renovation and construction work has been completed, Dorda reports, the building will have a total of around 29,000 square meters with 150 underground parking spaces and 70 outdoor parking spaces.

Dorda’s team included Partner Stefan Artner and Attorney Magdalena Brandstetter.

Dorda did not reply to our inquiry on the matter.

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