Vavrovsky Heine Marth has advised Wienwert AG, an Austrian real estate company, on its entrance into a syndicate contract with an EU-based state pension fund and subsequent acquisitions of two large urban development plots worth, together, about EUR 22 million. The fund was reportedly represented by CHSH and Binder Groesswang, while the seller of the of the plots were represented by Amhof & Damian and Bock Fuchs Nonhoff.
"In the future," according to a VHM press release, "Wienwert will finance all its projects solely together with the state pension fund; both syndicate partners will each hold 50% of the respective real estate project companies. Following a unified living concept named 'Wienwert Plus,' Wienwert will erect several thousand modern rental units of high quality and efficient unit sizes of 30, 45 and 60 square meters."
The identity of the sellers of the two plots, according to Vavrovsky Heine Marth, is confidential.
The Vavrovsky Heine Marth team was led by Partner Nikolaus Vavrovsky, supported by Partner Christian Marth and Senior Associate Daniel Azem.
The CHSH team was led by Partners Thomas Trettnak and Mark Krenn, while the Binder Groesswang team was led by Thomas Schirmer.
The Amhof & Damian team was led by Partner Peter Amhof, and the Bock Fuchs Nonhoff team was led by Partner Gerhard Bock.