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Wolf Theiss and Doralt Seist Csoklich Advise on Sale of The Brick Complex

Wolf Theiss and Doralt Seist Csoklich Advise on Sale of The Brick Complex

Austria
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Wolf Theiss has advised Soravia on the sale of its "The Brick” building complex to Wiener Stadtische Versicherung. DSC Doralt Seist Csoklich advised the buyers on the deal, which was signed and closed on November 21, 2018.

The Brick, which is being developed aAs part of the Vienna’s new Biotope City, is expected to be completed by 2020. The building complex, with 23,700 square meters of floor space, includes a hotel, catering, and two office blocks.

According to Wolf Theiss, the transaction was completed as a Forward Purchase Deal. Wolf Theiss Partner Birgit Kraml, who led the firm's team on the deal, explained that: “The properties were sold as part of a share deal; further, a design and manage contractor agreement and further agreements were drawn up for future lettings at the site and to secure the separate operation of the two office buildings on the one hand and the hotel building on the other."

Kraml was assisted by Wolf Theiss Partner Erik Steger and Associates Stefan Horn and Marlene Bouzek.

The Doralt Seist Csoklich team was led by Partner Wilfried Seist and included Senior Associate Theresia Grahammer.

Wolf Theiss at a Glance

With over 360 lawyers in 13 countries, over 80% of the firm’s work involves cross-border representation of international clients. We have concentrated our energies on a unique part of the world: the complex, fast-developing markets of the CEE/SEE region. Through our international network of offices, we work closely with our clients to develop innovate solutions that integrate legal, financial, and business know-how.

Wolf Theiss provides fully integrated corporate services in mergers and acquisitions, private equity, real estate, banking and finance, tax and insurance, employment law, competition law, energy law, privatisation, restructuring, public procurement and litigation. At Wolf Theiss, we measure our success by the success of our clients. We align our goals with yours to ensure that your needs are being met in even the most complex of cross-border matters. This means that we know how to listen to you and help you use the assets you already have while finding opportunities.

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