real estate law
"An excellent real estate practice, which always maintains the highest standards."
Schoenherr's team advises clients active in real estate investment and development and management on all legal aspects of their business in Austria and CEE/SEE. Schoenherr covers the full range of real estate sectors: commercial, office, industrial, logistics, residential, hotel & leisure, health, mixed-use projects, agriculture and forestry.
The main focus is advising developers and investors on the acquisition and sale of real estate via asset and share deals, forward purchases and fundings, distressed transactions, including tax structuring and financing; the development and operation of real estate projects, including permitting and building contracts (design, construction and operation), including built-to-suit; lease agreements; sale and leaseback; and claim management. Schoenherr also represents employers and contractors, sellers and purchasers, landlords and tenants as well as other participants in real estate-related litigation and arbitration.
hotels & leisure
Schoenherr advises investors and developers on hotel developments and transactions in CEE/SEE. The advice also includes management and hotel lease agreements.
shopping centres & retail
Schoenherr's experience in this sphere includes advising developers and investors on transactions and project development, as well as retailers (food, non-food, DIY) on their network expansion plans. The advice includes also restructuring and asset management.
office buildings
Schoenherr has built an impressive track record advising on the (single-ticket or portfolio) acquisition and sale of office buildings for investors and end users, as well as on the development of office or mixed-use projects. The team has acted on transactions involving some landmark office buildings, business centres and towers in Vienna (e.g. Florido Tower, Rivergate, Green Worx, Space2Move, DC Tower, OMV Tower, T-Center, Austria Campus, etc.), and is equally successful in capitals and secondary cities in CEE/SEE. Schoenherr assists office buildings landlords in managing their properties, including in connection with complex fit-out and lease agreements, or real estate-related litigation.
industrial
Schoenherr advises developers and end users on the acquisition and development (including built-to-suit) of industrial projects, covering both logistics and production facilities. Highlights include advising Swiss energy group Alpiq on the sale of industrial business to Bouygues Construction.
residential
Schoenherr also advises developers in the high-end market of apartments in connection with purchase, building and sale of residential projects, as well as investors on buying portfolios of apartments including ongoing asset management. Highlights include advising Invester United Benefits on the sale of its residential projects (e.g. "Wohngarten"; "Schweizergarten"; "Erdberger Lände" in Vienna; "Grillweg 1 und 2, "Neubaugasse" in Graz.etc).
corporate and asset management
Schoenherr acts as permanent advisor to investors and companies on their real estate portfolios. It also advises on the restructuring of real estate companies and on setting up joint ventures. Throughout the region the team advises various leasing companies and real estate funds on a regular basis on all aspects of asset management, including litigation with contractors and tenants.
agriculture and forestry
Schoenherr has a long-established practice in advising on real estate aspects specific to agriculture and forestry. We advise investors owning, managing and exploiting agriculture land, as well forestry properties. We assist on acquisition and sale transactions, land improvement organisations, land lease/concession agreements, and ownership title safeguarding (including litigation).
legal areas
- administrative & public law
- arbitration
- eu & competition
- compliance & internal investigations
- construction & infrastructure
- corporate & reorganisations
- environmental law
- insolvency & restructuring
- labour & employment
- litigation
- m&a
- tax law
- white collar crime & criminal defence
- finance & corporate finance
services
- corporate real estate
- acquisition/sale of real estate and companies holding real estate/forward purchases and forward funding/portfolio transactions/distressed transactions
- project development
- construction projects (FIDIC, EPC, design & build)
- due diligence/title investigation
- lease agreements
- contracts for architects, general contractors and builders
- plant construction and building permits
- land registry law
- construction and real estate-related litigation and arbitration
team
our team
Meet Schoenherr's highly experienced experts in the field of real estate, hotels, asset management & leisure, located all across CEE.
news
Romania: Deadlock in sale of Romanian farmland outside buildable areas finally cleared
A two-and-a-half-year deadlock impeding the sale of Romanian farmland located outside buildable areas and acquired less than eight years ago seems to have been finally cleared. On 2 February 2023 a much-awaited normative act came into effect, filling a series of legislative gaps and allowing public notaries to authenticate sale agreements for certain types of farmland located outside buildable areas.
Romania: Schoenherr advises Eurobank on sale of Brico Depot Iasi to Radacini Group
Schoenherr Romania advised Eurobank S.A. Greece ("Eurobank") on the sale of a real estate asset in Iasi, Romania. The commercial space, which has a sales area of approx. 8,000 m2 and houses a Brico Depot do-it-yourself ("DIY") store, was sold to the real estate division of Radacini Group.
