{"id":43998,"date":"2024-08-28T07:12:29","date_gmt":"2024-08-28T07:12:29","guid":{"rendered":"https:\/\/my.legal500.com\/developments\/?post_type=press_releases&p=43998"},"modified":"2024-08-28T07:12:46","modified_gmt":"2024-08-28T07:12:46","slug":"eh-advises-the-buyer-consortium-on-the-acquisition-and-refinancing-of-the-althan-quartier-in-vienna","status":"publish","type":"press_releases","link":"https:\/\/my.legal500.com\/developments\/press-releases\/eh-advises-the-buyer-consortium-on-the-acquisition-and-refinancing-of-the-althan-quartier-in-vienna\/","title":{"rendered":"E+H advises the buyer consortium on the acquisition and refinancing of the Althan Quartier in Vienna"},"content":{"rendered":"

E+H successfully advised the buyer consortium consisting of Baustoff + Metall GmbH, RPR Privatstiftung and Stefan Sch\u00f6nauer on the acquisition and refinancing of the Althan Quartier in Vienna’s 9th district.<\/strong><\/p>\n

The transaction included the negotiation of a new credit line to finance the construction project through to its planned completion and the overall restructuring of the existing financial liabilities. In addition, E+H advised the buyers on the acquisition of the Althan Quartier from the 6B47 Group, which is currently still subject to the usual merger clearance approvals.<\/p>\n

Thanks to the comprehensive legal expertise of the E+H team, the extremely complex transaction process was completed smoothly and successfully within a short period of time. The acquisition and refinancing of Althan Quartier represents a key milestone in securing the long-term financing of this major project, which is scheduled for completion in the first quarter of 2025.<\/p>\n

The Althan Quartier is one of the largest construction projects in Vienna and combines offices, retail, restaurants, leisure and cultural facilities as well as high-quality apartments, hotel rooms and parking spaces on a gross floor area of around 130,000 square meters. The successful refinancing and take-over by the buyers ensures that the Althan Quartier will remain fully financed until its planned completion.<\/p>\n

E+H provided legal support for this important real estate restructuring transaction and thus made a significant contribution to a forward-looking urban development project in Vienna.<\/p>\n

Team E+H:<\/strong><\/p>\n

Leading: Peter Winkler (Corporate\/M&A), Karoline Hofmann (Restructuring\/Insolvency), Laurenz Liedermann (Financing)<\/p>\n

Other team members:<\/p>\n

Corporate\/M&A: Josef Schmidt, Anna Friedrich, Alexander Koschell<\/p>\n

Restructuring\/Insolvency: Sandra Leutl<\/p>\n

Antitrust\/Competition: Judith Feldner, Yvonne Handler<\/p>\n

Real Estate: Alric Ofenheimer, Helena Neuner<\/p>\n

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