CERHA HEMPEL has successfully provided legal advice related to the residential project Eschengarten in 1230 Vienna as author of the contracts and escrow agent. The residential project Eschengarten, which was built by the project partners AREOS Development and ARE Austrian Real Estate, comprises more than 90 flats.
The sale of the flats was carried out according to the regulations of the Building Contracts Act (Bauträgervertragsgesetz, BTVG). CERHA HEMPEL, under the lead of Mark Krenn, was responsible for the drafting of the contracts and the fiduciary handling.
"We are extremely pleased to have been legally involved in this amazing project. The high quality of the project and the construction work coupled with our legal know-how enabled an uncomplicated and completion on time. We congratulate AREOS Development and ARE Austrian Real Estate on this great success and wish the new home owners lots of joy with their new homes", comments Mark Krenn, lawyer and partner at CERHA HEMPEL, on the opening of the residential project.
The CERHA HEMPEL real estate team lead by Mark Krenn advises clients on all aspects of real estate law and all asset classes. A particular focus is on the handling of property development projects and real estate transactions in Austria and CEE. Clients include leading real estate companies and asset managers in Austria, Germany and CEE.