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Dorda Advises Patrizia AG on Sale of Zentrum Rennweg

Dorda Advises Patrizia AG on Sale of Zentrum Rennweg

Austria
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Dorda has advised Patrizia AG on the sale of Zentrum Rennweg to Swiss Life Living + Working via a structured bidding process. The investment volume for the property is around EUR 52 million. Schoenherr reportedly advised Swiss Life Living + Working.

The property, located in Vienna's third district near to the Belvedere Palace and the Botanical Garden, consists of around 16,700 square meters of rental space and an underground car park with 184 parking spots. 

Patrizia AG is an investment manager that has been operating in Europe for over 35 years.

Dorda's team included Partner Stefan Artner, Lawyer Magdalena Brandstetter, and Associate Caroline Lessky.

Schoenherr at a Glance

Schoenherr is a leading full-service law firm providing local and international companies stellar advice that is straight to the point. With 15 offices and 4 country desks Schoenherr has a firm footprint in Central and Eastern Europe. Our lawyers are recognised leaders in their specialised areas and have a track record of getting deals done with a can-do, solution-oriented approach. Quality, flexibility, innovation and practical problem-solving in complex commercial mandates are at the core of our philosophy.

Firm's website: www.schoenherr.eu