DLA Piper has advised a consortium of South Korean investors working with asset manager Mastern Investment Management on the EUR 375 acquisition, made as part of a joint venture with Munich-based asset manager Wealthcore Invester Management, of the Hilton Parkview Vienna. The sellers — two Austrian family firms — were represented by Invester United Benefits and advised by Schoenherr.
Mastern Investment Management acted on behalf of a consortium of South Korean investors led by Meritz Securities Co. Ltd. and including Hana Financial Investment Co. and NH Investment & Securities Co
International real estate advisor Savills brokered the transaction.
The Hilton Parkview has around 50,000 square meters of floor space, over 660 rooms, and 241 parking spaces.
DLA Piper's Austria-based team included Partners Oskar Winkler, Christoph Urbanek, and Dimitar Hristov, Counsels Alexander Schultmeyer and Lothar Farthofer, Senior Associate Jasmina Kremmel, and Associates Danijel Ficulovic, Tristan Lind, Annika Wanderer, and Andreas Winkler. The firm's Germany-based team included Partners Florian Biesalski and Semin O and Senior Associate Sonja Beier. DLA Piper also had a Luxembourg-based team that included Partner Catherine Pogorzelski, Counsel Ambroise Foerster, Senior associate Gersende Masfayon, and Associate Natalie Goormans.
The Schoenherr team included Partner Michael Lagler, Attorney at law Clemens Rainer, and Associate Wolfgang Rapberger.