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Wolf Theiss Advises Aachener Grundvermogen on Acquisition in Vienna City Center

Wolf Theiss Advises Aachener Grundvermogen on Acquisition in Vienna City Center

Austria
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Wolf Theiss has advised Aachener Grundvermogen on its purchase of a commercial property on St. Stephen's Square in the city center of Vienna from Julius Meinl Versicherungsservice & Leasing Vermogens‐ und Finanzierungsberatung G.m.b.H. DLA Piper Weiss-Tessbach advised the sellers on the deal.

Founded in 1973, Aachener Grundvermogen is a financial investment management company headquartered in Cologne, Germany. The company acquires and manages real estate for legally independent investment funds. Aachener Grundvermogen focuses its investments on top-rated retail areas located in various city centers in Germany and elsewhere in Europe. Aachener Grundvermogen currently manages 16 real estate investment funds with a total volume of approximately EUR 6.3 billion for institutional investors.

Wolf Theiss reports that it was responsible "for the due diligence, negotiating, and concluding the purchase agreement as well as closing the entire purchase of the property." The firm's team was led and coordinated by Counsel Stefan Weishaupt and also included Partner Peter Oberlechner and Associate Iris Riepan.

In-house lawyers Bianca Aymans-Werle and Alexander Schroer advised Aachener Grundvermogen on the transaction.

DLA Piper Weiss-Tessbach did not reply to our inquiry on the matter.

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