The real estate team at CERHA HEMPEL advised Raiffeisen Immobilien KAG in connection with its acquisition of a business centre in Lower Austria for the R320 special real estate fund.
Located in Kirchberg am Wagram and completed in 2019, the business centre has a usable floor space of approximately 2,300m², with the possibility to expand it in the future to more than 3,000m².
CERHA HEMPEL comprehensively advised Raiffeisen Immobilien KAG on this acquisition with regard to due diligence, the purchase agreement negotiations and the escrow agreement.
"We’re delighted to have advised Raiffeisen Immobilien KAG on the acquisition of this property, especially given the current market environment that is particularly challenging for the retail as-set class," said partner Mag. Mark Krenn, who led the CERHA HEMPEL real estate team.
The team at CERHA HEMPEL consisted of Mark Krenn (Lead Partner), Marko Vladic (Senior Associate), and Johanna Kaschubek (Associate).
Raiffeisen Immobilien Kapitalanlage GmbH
Raiffeisen Immobilien KAG is a 100% subsidiary of Raiffeisen Kapitalanlage-Gesellschaft m.b.H. Raiffeisen Kapitalanlage-Gesellschaft is the largest asset management company of the Raiffeisen Banking Group Austria and one of the leading domestic investment fund companies. For more information, please visit www.rcm.at.