CERHA HEMPEL has advised listed company Eyemaxx Real Estate AG on the sale of the Siemensstraße Apartments residential project in the 21st district of Vienna to Hamburg Trust.
The transaction was structured as a classic forward purchase, with Hamburg Trust acquiring all of the shares in the project company under the terms of a share deal. Closing took place as planned in December 2020.
The Siemensstraße Apartments project consists of a total of 102 residential units spread across two four-storey buildings with a living floor space of approximately 5,700m².
CERHA HEMPEL has once again demonstrated its expertise in forward purchase and forward funding transactions in the residential sector, this time on the seller's side.
"We’re pleased to have advised Eyemaxx Real Estate on this transaction and to have been able to contribute to ensuring closing could take place as planned in spite of the adverse and exceptional circumstances," said Mark Krenn, partner and head of the CEE Real Estate Practice at CERHA HEMPEL.
The team at CERHA HEMPEL consisted of Mark Krenn (Partner, Vienna), Filip Ballok (Attorney at Law, Vienna) and Angelika Schüssler-Datler (Associate, Vienna).
The real estate team at CERHA HEMPEL headed by Mark Krenn advises clients on all aspects of real estate law and on all asset classes. A particular focus is placed on real estate transactions in Austria and CEE as well as on real estate development. Clients include leading real estate companies and asset managers in Austria, Germany and CEE.
Eyemaxx Real Estate AG is a German real estate company listed in the General Standard market segment of the Frankfurt Stock Exchange, with headquarters in Aschaffenburg (Germany) and Leopoldsdorf (Austria) (ISIN: DE000A0V9L94).