The real estate team at CERHA HEMPEL has advised CA Immo on the sale of a building complex consisting of the Hotel Savoyen and an office building to Horn Grundbesitz KG. Closing is expected to take place in the 1st quarter of 2023.
Centrally and conveniently located in the third district of Vienna in close proximity to the Belvedere Palace, the property has a total lettable area of approximately 38,150 m² and is fully let. Tenants of the office complex include, among others, the current corporate headquarters of CA Immobilien Anlagen AG and the fashion company Peek & Cloppenburg KG, which is based in Vienna.
"We're extremely pleased to have advised CA Immo on the sale of this core property and thus help it to streamline its real estate portfolio and increase its office share," said partner Mag. Mark Krenn, who led CERHA HEMPEL's real estate team.
Christoph Buchgraber, Transaction Manager at CA Immo: "The legal advice provided by Mark Krenn and his team was characterised by a high degree of professionalism throughout the entire transaction."
Albin Wimmer, Legal Counsel of CA Immo: "The efficient execution of this sale, in spite of difficult market conditions, was only possible due to the excellent collaboration both on a professional and personal level between CERHA HEMPEL and CA Immo."
The team at CERHA HEMPEL consisted of Mark Krenn (Lead Partner), Marko Vladic (Senior Associate) and Johanna Kaschubek (Associate).