Schoenherr advised allmyhomes on the establishment of a joint venture in Austria with allmyhomes Venture Partner AT GmbH, a consortium of Austrian real estate experts.
The newly founded AMH AT GmbH marks the Austrian market entry for allmyhomes, which has already secured projects with a total volume of EUR 161m in Austria. Further projects with a volume of around 90 million euros have already been contractually agreed. allmyhomes will hold a 75% stake in the new joint venture. Schoenherr advised on all Austrian law aspects of the transaction; Raue Partnerschaft von Rechtsanwälten und Rechtsanwältinnen mbB (Andreas Nelle und Clausen Hinnerk) acted as lead counsel.
allmyhomes is a real estate marketing platform founded in Berlin offering data-based marketing of new-build apartments as well as financing brokerage for buyers in Austria through licensed cooperation partners. In 2021 the allmyhomes GmbH successfully entered the Spanish market.
The Schoenherr team advising on this transaction was led by Markus Piuk (partner) and Michael Marschall (attorney at law) and further included Lukas Pirringer (associate). Teresa Waidmann (counsel) advised on Austrian employment law.
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