The Real Estate & Construction team at CHSH led by Partner Manfred Ton provided legal advice to the KGAL Group regarding its acquisition of the "ELI Liezen" shopping centre. The purchase of the "ELI Liezen" shopping centre marks the seventh real estate property acquisition for the institutional retail fund ARPP (Austrian Retail Park Portfolio) by the KGAL Group, one of the largest German asset and investment managers. The seller of the shopping centre is the Rutter Immobilien Group, Vienna, which will maintain a link with the shopping centre by retaining a 10% stake in the property via its owner. The KGAL Group secured the acquisition of the "ELI Liezen" shopping centre as a forward deal back in 2014 during the project phase.
"We're pleased that in acquiring the "ELI Liezen" shopping centre the KGAL Group has once again relied upon the expertise of CHSH", said Manfred Ton.
In addition to Manfred Ton, the team at CHSH consisted of Mark Krenn, Matthias Nödl and Stefan Huber.