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.