Real estate in Austria
DSC Doralt Seist Csoklich Rechtsanwälte GmbH's 'highly professional' team provides 'outstanding advice' on national and cross-border real estate transactions but the 'efficient' team is also well versed in assisting clients, including several property companies, real estate funds and private investors, with various other contentious and non-contentious matters. Key contact Wilfried Seist 'demonstrates the highest level of personal integrity'.
Schoenherr (Schönherr Rechtsanwälte)'s full-service real estate offering is particularly attractive for investors and development companies, which routinely instruct the team to assist with transactions and project developments. In one highlight, the 'excellent' Michael Lagler, who jointly heads the team with Peter Madl, and counsel Arabella Eichinger advised Art Invest Real Estate on the acquisition of 390 apartments, forming part of Vienna's development project The Ensemble.
Wolf Theiss Rechtsanwalte GmbH & CoKG's sizeable 'client-oriented, hands-on' team is a respected player in the market, regularly advising on major transactions and project developments. The team also stands out for its expertise in the new field of proptech, which merges real estate matters with IP, IT and data protection law. Practice head Peter Oberlechner was part of a team that advised Steinhoff Group on the sale of Kika-Leiner's real estate portfolio in Austria and various other CEE countries to Signa. The practice also includes the 'solution-oriented' Karl Binder, Erik Steger and Birgit Kraml, who made partner in July 2018. Gabriele Etzl joined Jank Weiler Operenyi in November 2017 and Karl Koller moved to PwC Legal Austria-oehner & partner in July 2018.
Cerha Hempel routinely guides international open-end and closed-end funds, real estate companies and retail chains through the full life cycle of real estate projects. Manfred Ton advised Kgal Group on the acquisition of various retail parks for its Austrian retail park portfolio and team head Peter Vcelouch provides regular advice to Lidl Austria on real estate development projects and various acquisitions. 'Confident negotiator' Mark Krenn is 'fast at analysing risks and opportunities' and Matthias Nödl was appointed counsel in October 2017.
Dorda Rechtsanwalte GmbH has carved out a strong transactional real estate practice and is also experienced in lease matters, advising several investment companies and funds, frequently in conjunction with the firm's finance and dispute resolution practices. Team head Stefan Artner acted for S Immo on the sale of OMV's Vienna HQ to Deka Group, and assisted Are Austrian Real Estate with the forward purchase of Denk Drei, a retail and office development in Vienna. Klaus Pfeiffer is also recommended.
Recognised for its 'considerable economic understanding', Vavrovsky Heine Marth Rechtsanwälte acts for an extensive roster of Austrian open-real estate funds on real estate transactions and disputes. 'Real estate go-to lawyer', 'out-of-the-box thinker' and 'excellent communicator' Christian Marth leads the 'goal-oriented and efficient' team. Marth led advice to Union Investment Real Estate Austria on the acquisition of the Hatric retail park in Styria. Other work includes assisting new client Volksbank Wien with the sale of the company's headquarters in central Vienna. Key contact for contentious work Nikolaus Vavrovsky 'provides precise commercial judgement' and 'shows extraordinary foresight'. Daniela Kager is also recommended.
ARNOLD Rechtsanwaelte GmbH
With a focus on transactional and project financing work, Binder Grösswang's 'highly professional' team advised Corestate Capital on the acquisition of the third Triiiple tower in Vienna. Alongside national and international real estate investment companies, the practice also advises financial institutions, corporates and private clients. Tibor Fabian jointly heads the team with the 'smart and very friendly' Markus Uitz.
Working closely with its construction practice, CMS receives regular instructions from property investors, hotel operators and owners, developers and banks to advise on various contentious and non-contentious matters including transactions, lease agreements, franchise and hotel-related contracts as well as project development issues. In the transactional space, Johannes Hysek assisted Allianz Real Estate Germany with the acquisition of the office project The Icon Vienna. Nikolaus Weselik heads the team.
Eisenberger & Herzog's strength lies in dealing with matters at the intersection with corporate and M&A, leading to regular transactional mandates. Alric Ofenheimer and Clemens Lanschuetzer acted for Immofinanz on the sale of its shopping centre portfolio in Russia to the Russian Fort Group, and together with Michael Strenitz, Lanschuetzer assisted a group of creditors of Steinhoff's subsidiary Hemisphere Properties with the sale of Kika-Leiner property assets in Austria and several CEE countries.
Freshfields Bruckhaus Deringer
Freshfields Bruckhaus Deringer covers the full spectrum of commercial real estate and routinely works in conjunction with other departments to assist investors, developers, retailers and property companies with various real estate investments and transactions while also handling lease-related work. Thomas Zottl and counsel Felix Neuwirther are advising UniCredit Bank Austria on various lease and other property-related matters pertaining to its HQ at the Austria Campus in Vienna.
Nemetschke Huber Koloseus Attorneys at Law has a strong focus on real estate developments, most notably in the residential sector, and assists developers, investors and funds with project management and transactional matters. Clients include C&P Immobilien, Forstinger Österreich and Erste Ifö Immobilienfonds für Österreich. Alfred Nemetschke and Alexandra Huber are the main contacts.
Baker McKenzie • Diwok Hermann Petsche Rechtsanwälte LLP & Co KG's 'balanced and client-oriented' team specialises in retail sector work alongside urban development and tourism-related matters and assists tenants, investors and developers with transactions and lease agreements. Highlights included advising Are Development on the development, structuring and sale of the urban development project Wildgarten in Vienna, and acting for Kerbler on the sale of its Omega Building in Vienna's Seestadt Aspern to Erste Immobilien Kag. Stephan Größ is now with EY Law Pelzmann Gall GrößRechtsanwälte GmbH.
Graf & Pitkowitz focuses on contentious and non-contentious retail and office-related real estate work and recently expanded its client roster with the addition of new client McArthurGlen; the designer outlet company instructed the practice, which is jointly headed by Martin Foerster and Nikolaus Pitkowitz, to act as Austrian counsel in matters pertaining to its designer outlet centres in Salzburg and Vienna. Other clients include Fleissner Group and Regus Group.
Graf Patsch Taucher Rechtsanwälte
Graf Patsch Taucher Rechtsanwälte advises investors, private clients and property developers on property transactions, lease agreements and real estate projects. Demonstrating its experience in the hotel sector, team head Alexander Patsch assisted Bierwirth & Kluth with the lease of a hotel near Vienna International Airport. Advising on residential property matters is another key area of expertise.
Much of Saxinger, Chalupsky & Partners (SCWP Schindhelm)'s work pertains to real estate finance and M&A as well as disputes and development projects with clients praising its 'competence, focused approach and professional conduct in negotiations'. Practice head Immanuel Gerstner advised Soravia Equity on the conclusion of a building rights agreement with Austro Control with regards to the construction of the high-rise project Austro Tower; this instruction included assistance with lease agreements, public procurement and finance issues. Lukas Leitner made salary partner in October 2017.
Bock Fuchs Nonhoff Rechtsanwälte OG
The 'very knowledgeable' team at Bock Fuchs Nonhoff Rechtsanwälte OG handles transactions, development projects, leases and general real estate contracts and predominately acts for investors. Real estate investment company Deka Immobilien retained the team to advise on the sale of the A1 Telekom site in Vienna to Reitenburg Group. Johannes Fuchs and Gerhard Bock are recommended.
BRAND Rechtsanwälte GmbH
Providing 'an excellent service', BRAND Rechtsanwälte GmbH's client portfolio consists of developers, institutional investors and individuals, for which the team handles a wide variety of contentious and non-contentious residential and commercial real estate work including matters at the intersection with construction law. 'Excellent negotiator' Birgit Harasser advised Raiffeisen Immobilien on the forward purchase of a residential development in Vienna. She jointly heads the team with Gabriele Brand-Ogris and Michael Brand.
KWR Karasek Wietrzyk Rechtsanwälte GmbH
Paul Schmidinger's 'thorough' team at KWR Karasek Wietrzyk Rechtsanwälte GmbH is built upon the strength of its construction law practice, leading to particular cross-disciplinary expertise and mandates pertaining to various development projects. Advising on real estate transactions is another key element of the practice.