Dorda has advised a subsidiary of Reitenburg GmbH on its EUR 82 million acquisition of the A1 Telekom Austria site at Obere Donaustrasse in Vienna's second district from Frankfurt am Main-based investment company Deka Immobilien Investment GmbH. The Bock Fuchs Nonhoff law firm advised Deka on the deal.
According to Dorda, Deka — a subsidiary of the DekaBank Group, the largest provider of open-ended real estate funds in Germany — had owned the building since the 1990s and rented it to several tenants, including A1.
“The Viennese office market remains dynamic and popular," commented Dorda Partner Stefan Artner, who led the firm's team on the deal, along with Attorney Klaus Pfeiffer. "The attractive site with more than 31,800 square meters of floor space grants our client many options for development. This transaction was excellently prepared and professionally planned, so we were soon on the finish line.”
The Bock Fuchs Nonhoff team was led by Partner Johannes Fuchs, supported by Partner Gerhard Bock.