Schoenherr advises Deka Immobilien on the acquisition of the tallest hotel and office building in Austria
Schoenherr has advised real estate investment company Deka Immobilien on the acquisition of DC Tower 1 in Vienna, the tallest hotel and office building in Austria, from a UniCredit Bank Austria AG subsidiary.
Sixty percent of the shares will be allocated to the Deka-ImmobilienGlobal portfolio and forty percent to the Deka-ImmobilienEuropa portfolio. Closing took place on 6 July 2017 and the parties have agreed not to disclose the purchase price.
Since its completion in 2013, DC Tower 1 has impacted Vienna's skyline with its distinctive and impressive design. The tower was designed by the leading French architect Dominique Perrault. Measuring 250 m in height, DC Tower 1 is a modern landmark of the capital city. The tower houses among others the four stars plus Hotel Melia Vienna. The property has 74.500 m2 of flexible, high-quality hotel and office space, as well as more than 60 stories and 355 parking places. DC Tower 1 was one of the first Austrian office buildings to be constructed and furnished in line with the EU Commission's energy and environmental criteria for a "Green Building".
The Schoenherr team advising Deka Immobilien consisted of Michael Lagler (partner, real estate); Arabella Eichinger (counsel, real estate); Serap Aydin (associate, real estate) and Franz Urlesberger (partner, eu & competition).
Fellner Wratzfeld & Partner Rechtsanwälte - Dr. Markus Fellner (team lead); attorney Dr. Gerd Leser, MBA (corporate / m&a) and associate Mag. Matthias Herzog - advised on the sell-side.