Raue advised Berlin-based allmyhomes GmbH, a platform for the data-based marketing of owner-occupied apartments, on a joint venture in Austria. allmyhomes holds a 75 percent stake in AMH AT GmbH (in future allmyhomes Austria GmbH), which was founded together with allmyhomes Venture Partner AT GmbH, an association of local real estate experts from Austria.
Following the successful expansion to Spain in 2021, allmyhomes is entering the Austrian real estate market with AMH AT GmbH. In Austria, AMH AT GmbH started with a project volume of 161 million euros. Additional projects in the volume of 90 million euros are already under contract.
Raue acted as lead counsel to allmyhomes on the drafting of the joint venture agreement and the establishment of the joint venture company. Schönherr Rechtsanwälte acted as advisor under Austrian law. Raue has been advising allmyhomes for several years and also assisted the company in its expansion to Spain.
allmyhomes combines real estate and technology expertise in one hand. The IT platform enables project developers at national and international level to market their projects in the best possible way. It combines branding, content creation, lead generation and sales connection to a software platform and thus finds the right buyers faster and more efficiently. The vision of the proptech company allmyhomes is to significantly advance the digitisation of the real estate industry. Since its foundation in 2016, allmyhomes has sold flats with a total value of over 1 billion euros. In 2021, the expansion to Spain took place. There, flats worth more than 271 million euros were successfully sold within a few months.
Advisor to allmyhomes GmbH:
Raue, Berlin: Prof. Dr. Andreas Nelle (Partner, Lead, Corporate/M&A, PE/VC), Hinnerk Clausen (Associate, Corporate/M&A, PE/VC)
Schönherr Rechtsanwälte, Wien (advisor Austrian law)
A photo of Prof. Dr. Andreas Nelle can be downloaded here.
Raue is a Berlin-based law firm with international reach advising clients, mostly companies and government entities, on investment activities, transactions, regulatory issues and in litigation. Further information is available at www.raue.com.
Berlin, 19 January, 2023