CHSH advises the IMMOFINANZ Group on a EUR 300 million facility for a significant real estate portfolio

CHSH Cerha Hempel Spiegelfeld Hlawati has advised the IMMOFINANZ Group in connection with financing of EUR 300 million for a prime Austrian real estate portfolio. The deal is one of the biggest real estate financing transactions in Austria in recent years.

CHSH Cerha Hempel Spiegelfeld Hlawati has advised the IMMOFINANZ Group in connection with financing of EUR 300 million for a prime Austrian real estate portfolio. The deal is one of the biggest real estate financing transactions in Austria in recent years.

Bank Austria and pbb Deutsche Pfandbriefbank jointly provided the IMMOFINANZ Group with EUR 300 million in financing. The loan is being used to refinance a prime Austrian real estate portfolio with 38 properties in total with a gross leasable area of approximately 218,000 m². The borrower is a consortium of companies belonging to the IMMOFINANZ Group. The transaction closed on 12 May 2015.

CHSH advised the IMMOFINANZ Group on questions relating to financing, real estate and company law. The team at CHSH consisted of partner Thomas Zivny and attorneys Oliver Völkel and Matthias Nödl.