Wolf Theiss

Real Estate

Local knowledge means everything in real estate. Our network of experts throughout the CEE/SEE region combine this knowledge with experience in the property cycle to provide your business with advice customised for your success. From sale and purchase to planning and zoning, design, construction and development, leases, facility and asset management, finance, dispute resolution and tax, we’ve got you covered. You can rely on our hands-on experience in local markets and track record of handling large-scale, cross-border transactions, including some of the most significant property developments in this part of the world in recent years.

Whether you are a developer, buyer, seller or financier on smaller or larger assignments: we treat every matter with priority. With our broad industry and local market knowledge, we can assist in finding the right property for your needs, the right bank for your financing, or the right buyer for your estate. We know the demands of a real estate project. Among other things, we can assist in the investor–friendly preparation of sales in setting up data rooms, and if you are the seller, we offer the same service package: experience, security and speed.

Contact
Peter Oberlechner
Peter
Oberlechner
Partner
T. +43 1 51510 5170
F. +43 1 51510 665170
Schubertring 6
1010 Vienna
Austria
Tomasz Stasiak
Tomasz
Stasiak
Partner
T. +48 22 378 8900
F. +48 22 378 8901
ul. Mokotowska 49
00-542 Warsaw
Poland
Karl Binder
Karl
Binder
Partner
T. +43 1 51510 5403
F. +43 1 51510 665403
Schubertring 6
1010 Vienna
Austria
Areas of Specialisation


Real Estate Transactions

You can’t control risk if you don’t know how to look for it. Speed and accuracy are essential to the success of any large real estate acquisition. For your project, we will form a team of lawyers who efficiently and thoroughly assess existing legal risks and their possible impacts as well as ways to minimise them. We present the information to you, enabling you to make a well-founded, researched decision with awareness of all perceptible risks.


Leasing

The old days of short and simple lease agreements are gone. Today, they are highly complex legal instruments, the drafting and understanding of which requires a thorough understanding of the business and the relevant sector. Our philosophy is simple: we want to create and negotiate successful leases for your business. This means that we take both the interests of the landlord and the tenant into account to craft a functional lease that works for all parties.


Project Development

Every real estate project begins with an idea, and every idea brings with it a question or two. While you’re busy with the creative questions, let us handle the legal ones. We will advise you on purchasing or acquiring an option to purchase real estate, environmental impact assessment proceedings, planning and zoning issues, obtaining all permits necessary under public law, partitioning and joining of real estate, dealing with construction issues, architect contracts, general planning and financing agreements.


Real Estate Finance

We make it our business to understand yours. Domestic and foreign banks as well as project development companies and their sponsors regularly turn to us for advice in real estate project financing. We can help you with financial engineering, examining the regulatory environment behind the granting or receipt of a credit or loan, as well as drafting and negotiating financing agreements and related security packages. Learn more about our Banking & Finance practice.


Facility Management & Property Administration

Proper facility management is not only a quality element, but also a key cost factor of any real estate development. From knowing the industry and the needs of up to date building management and administration, we can advise you on how to optimize all related agreements by establishing appropriate service levels to minimize risks in the interest of all parties involved and to maximize the building value.


Planning and Construction

You can rely on our experience in all types of planning and construction agreements; from architects' contracts to plain construction contracts, from build-and-design agreements to total contractor agreements, from FIDIC contracts to joint venture agreements. From short and condensed contracts for tasks that are more simple, to long and detailed agreements for large scale projects. We cover them all. If necessary, we represent you in enforcing and defending claims before courts as well as before arbitral tribunals or dispute adjudication boards. Learn more about our Construction & Infrastructure Projects practice.


Dispute Resolution

Resolving disputes in real estate matters requires a high degree of knowledge and specialization. Legal systems regarding real estate and real estate related rights vary considerably from country to country. In addition to the law, there is always the tricky question of precedent and how courts actually apply the law. We can advise you on all types of real estate and construction claims, including claims for securing evidence, claims for compensation, defects and damages claims, claims regarding contractual penalties, disputes regarding building ground and other risks, and claims under securities. Learn more about our Litigation practice.


Real Estate Restructuring

Both healthy and troubled institutions sometimes struggle with their portfolios of non-performing loans and other real estate owned assets (OREO); trying to find solutions for effective NPA management and disposition. Our Real Estate team is specialized in particular in cross-border real estate restructuring, property financing restructuring and real estate work-outs, as well as in the distressed sale and acquisition of real estate. We can also help with drafting creditor stand-still agreements, assisting with the shut-down of properties as well as with the sale of real estate or leasing portfolios, and the granting and enforcement of securities. Learn more about our Insolvency, Restructuring & Crisis Management practice.

 

Real Estate Tax Planning

Tax planning plays a substantial role in many real estate transactions. With our expertise in real-estate related tax structuring we can assist you in finding the most tax-efficient manner to carry out your deal. In addition, we perform tax due diligences, review agreements from a tax perspective, issue tax opinions, advise on stamp duty and real estate transfer tax issues, collaborate with your tax accountants as well as prepare requests for tax rulings. Learn more about our Tax practice.

Press Releases

Newssquare  Westcore Europe setzt bei der Akquisition des U6 Center auf die Beratung von Wolf Theiss

Wien, 5. November 2018 – Wolf Theiss hat den Immobilieninvestor und -Manager Westcore Europe beim Kauf des Büro- und Lagerobjekt "U6 Center" in Wien...

Newssquare  Wolf Theiss advises Supernova on the Acquisition of 10 shopping centres in Slovenia

Vienna/Ljubljana, 15 October 2018 – Supernova Invest GmbH acquires ten shopping centres in Slovenia from food retail chain Mercator with a rentable...

Newssquare  Infrastructure & Construction Law Specialist Edwina Udrescu joins Wolf Theiss

Bucharest, 11 October 2018 – CEE law firm Wolf Theiss has strengthened its Infrastructure & Construction team in Romania through the addition of...

Newssquare  Wolf Theiss advises on Sale of Warsaw’s Atrium Tower

Warsaw, 7 August 2018 – Wolf Theiss advised AEW on the sale of the Atrium Tower office building in downtown Warsaw to Vienna Insurance Group (VIG).

Newssquare  Wolf Theiss berät TH Real Estate beim Kauf des Wiener Bürogebäudes "Adler & Ameise"

Wien, 23. Juli 2018 –TH Real Estate setzt bei der Akquisition des Bürogebäudes Adler & Ameise im 3. Wiener Gemeindebezirk auf die Expertise von Wolf...

Newssquare  Wolf Theiss berät Borealis bei der Akquisition von Ecoplast

Wien, 20. Juli 2018 – Wolf Theiss hat Borealis, einen führenden Anbieter innovativer Lösungen in den Bereichen Polyolefine, Basischemikalien und...

Newssquare  Wolf Theiss ernennt Birgit Kraml und Leopold Höher zu neuen Partnern

Wien, 3. Juli 2018 – Birgit Kraml und Leopold Höher steigen bei Wolf Theiss zu Partnern auf. Kraml ist seit 2001 bei Wolf Theiss tätig, seit 2004 für...

Newssquare  Wolf Theiss vertritt Steinhoff beim Verkauf des Kika/Leiner Immobilienportfolios an die Signa-Gruppe

Wien, 21. Juni 2018 - In einem Herzschlagfinale ist es der Steinhoff-Gruppe am Donnerstag gelungen, mit rechtlicher Unterstützung durch Wolf Theiss...

Newssquare  Wolf Theiss Supports Young Lawyers’ Career Development

Warsaw, 14 March 2018 – Members of the Wolf Theiss Warsaw team attended the Law Career Fair (Prawnicze Targi Praktyk i Pracy) on March 13, presenting...

Newssquare  Wolf Theiss Forum Sees Polish Proptech Growth Accelerating

Warsaw, 09 March 2018 – Polish companies providing digital technology for the real estate industry are set for rapid growth, as they benefit from...

Newssquare  Umwelt- und Baurechtsexperte Stefan Lampert verstärkt Wolf Theiss im öffentlichen Wirtschaftsrecht

Wien, 23.2.2018 – Österreichs größte Anwaltssozietät Wolf Theiss baut das Beratungsangebot der Praxisgruppe Öffentliches Wirtschaftsrecht weiter aus....

Newssquare  Wolf Theiss Advises Revetas Capital Fund II And Cerberus Capital Management On Acquisition Of Bucharest Hotel Portfolio

Bucharest, 15 January 2018 – Wolf Theiss has advised Revetas Capital Fund II and an affiliate of Cerberus Capital Management, L.P. on their...

Newssquare  WOLF THEISS ADVISES T-MOBILE ON THE ACQUISITION OF UPC AUSTRIA

Vienna, December 22 2017 – Wolf Theiss has advised mobile operator T-Mobile on the acquisition of UPC Austria. Liberty Global plc, the largest...

Newssquare  WOLF THEISS STRENGTHENS ITS REAL ESTATE AND ENERGY TEAMS IN ROMANIA WITH THE ADDITION OF TWO LAWYERS

Bucharest, 11 December 2017 – Wolf Theiss welcomes back Flaviu Nanu as Counsel and adds Sebastian Boțic as Associate in the Firm's Real Estate, Energy...

Newssquare  Wolf Theiss Advises Art-Invest Real Estate In The Acquisition Of The Millennium Tower

Vienna, November 23, 2017 – The renowned German real estate investment company Art-Invest relied on the comprehensive legal counselling provided by...

Newssquare  165 NEUE STUDENTEN-APARTMENTS FÜR WIEN: WOLF THEISS BERÄT CATELLA RESIDENTIAL INVESTMENT MANAGEMENT GMBH BEIM ERWERB VON "SMARTMENTS STUDENT" BEIM NEUEN HAUPTBAHNHOF

Wien, 30. Oktober 2017 - Wolf Theiss begleitet die Catella Residential Investment Management GmbH beim Erwerb von Studenten-Apartmenthaus mittels...

Newssquare  THE STUDENT HOTEL ERRICHTET IN WIEN NEUES FLAGGSCHIFF MIT UNTERSTÜTZUNG VON WOLF THEISS

Wien, 29. September 2017 – "The Student Hotel" setzt bei seinem Markteintritt in Österreich auf die Expertise der österreichischen Anwaltssozietät...

Newssquare  WOLF THEISS BREAKFAST: WILL PROPTECH TURN THE REAL ESTATE WORLD UPSIDE DOWN?

Vienna, 29 June 2017 – PropTech is the latest buzzword in real estate and is jolting the whole sector. The experts at Wolf Theiss analysed the core...

Newssquare  WOLF THEISS ADVISES AUSTRIAN ASSOCIATION OF MEDICAL LABORATORIES "IHR LABOR"

Vienna, 7 June 2017 – Wolf Theiss has advised IHR LABOR, a network of medical laboratories, in legal questions surrounding IP, data protection,...

Newssquare  WOLF THEISS ADVISES BOEHRINGER INGELHEIM ON CONSTRUCTION OF BIOPHARMACEUTICAL PRODUCTION FACILITY

Vienna, 31 May 2017 – Wolf Theiss has provided legal support for the April 2017 ground-breaking for the new Boehringer Ingelheim production facility...

Newssquare  WOLF THEISS ADVISES JAPAN-BASED NIDEC CORPORATION IN ACQUISITION OF SECOP-GROUP

Vienna, 3 May 2017 – Wolf Theiss has advised Kyoto-based Nidec, one of the leading manufacturers of electric motors, components and accessories, in...

Newssquare  WOLF THEISS ADVISES FINANCIAL INVESTMENT MANAGEMENT COMPANY AACHENER GRUNDVERMÖGEN WITH LIMITED LIABILITY

Vienna, 26 April 2017 – The experts at Wolf Theiss have advised Aachener Grundvermögen in their first real estate investment in Austria. The German...

Newssquare  WOLF THEISS ADVISES MCARTHUR-GLEN IN EXPANSION OF PARNDORF DESIGNER OUTLET CENTER

Vienna, 4 April 2017 – McArthurGlen, leading developer, owner and operator of designer outlet centres in Europe and Canada, has placed its trust in...

Newssquare  WOLF THEISS BERÄT INVESCO REAL ESTATE IN INTERNATIONALER HOTELTRANSAKTION

Wien, 3. Februar 2017 - Wolf Theiss hat den weltweiten Immobilieninvestor Invesco Real Estate beim Verkauf eines Hotelportfolios an den Hotelbetreiber...

Newssquare  WOLF THEISS BERÄT UNION INVESTMENT IN CA IMMO - TRANSAKTION

Wien, 20. Jänner 2017 – Wolf Theiss berät die Union Investment Real Estate GmbH (UIR) beim Verkauf ihres jeweiligen 49% Anteils an zwei Büroobjekten...

Newssquare  Stefan Weishaupt wird bei Wolf Theiss zum Counsel ernannt

Wien, 19. Dezember 2016 – Stefan Weishaupt (34), seit Juni 2015 Mitglied der Praxisgruppe Real Estate, ist nun Counsel bei Österreichs größter...

Newssquare  Wolf Theiss berät Union Investment bei einem weiteren Ankauf in Wien

Wien, 21.11.2016 - Union Investment hat von der UBM Development AG und der S Immo AG die Projektentwicklung "QBC 3" im Rahmen eines Forward Deals...

Newssquare  Killt das Internet die Bestandverträge im Handel?

Wien, 14.11.2016 – Bei einem heute von Wolf Theiss und Regioplan Consulting veranstalteten Top-Level-Branchenseminar standen die rechtlichen und...

Newssquare  Union Investment sichert sich mit Wolf Theiss das Büro-Objekt Doppio Offices

Wien, 11. November 2016 – Union Investment Real Estate Austria AG ("Union") erwirbt von der Strauss & Partner Gruppe das markante Büro-Gebäude Doppio...

Newssquare  Wolf Theiss advises Chinese Corporation in the purchase of its new European headquarters in Graz

Vienna, 8 November 2016 – China Electronics Technology Group Corporation (CETC), in collaboration with two other partners from China, is establishing...

Newssquare  Wolf Theiss berät beim Verkauf des Mega-Projekts "Forum Donaustadt" in Wien

Wolf Theiss berät beim Verkauf des "Forum Donaustadt" der Wirtschaftsagentur Wien und der STC – Swiss Town Consult AG an die SIGNA-Gruppe und die...

Newssquare  Wolf Theiss advises Eurazeo in its acquisition of a hotel portfolio from Accor and other investors

In a cross-border transaction, Eurazeo Patrimoine has acquired from Accor Hotels and other investors 85 hotels under the brands Ibis Budget, Ibis...

Newssquare  5% VAT ON NEW HOMES – DETAILS ONLY FEW CONSIDER

Budapest, 24 February 2016 – The reduction of the VAT on new houses to 5% stands out from among the tax changes in 2016 from more than one point of...

Newssquare  1 BILLION EURO MEGA-PORTFOLIO DEAL "AQUA" CLOSED: WOLF THEISS ADVISES UNION INVESTMENT IN SALE OF AUSTRIAN ASSETS "SOLARIS" AND "FLORIDO-TOWER" TO AMUNDI

Vienna, 11 February 2016 – The large-scale real estate deal "Aqua" was successfully concluded at the beginning of the year. The "Florido Tower" and...

Newssquare  WOLF THEISS SUCCESSFULLY ADVISED JOHNSON CONTROLS ON A NEW AUTOMOTIVE PRODUCTION FACILITY

Vienna, 2 February 2016 - Wolf Theiss has successfully advised Johnson Controls in a third major investment contract with the Government of Macedonia.

Newssquare  WOLF THEISS BERÄT ALLIANZ REAL ESTATE BEIM EINSTIEG IN DEN "FISCHAPARK" DER SES

Wien, 01.02.2016 – Wolf Theiss hat die Allianz Real Estate Germany GmbH beim Erwerb einer 49,5 Prozent-Beteiligung am Shopping Center "Fischapark" der...

Client Alerts / Newsletters

Newssquare  Mietpreisbremse Lagezuschlag

Die Stadt Wien hat die Lagezuschlagskarte überarbeitet, was Auswirkungen auf die Mietpreise in Teilen Wiens hat

Sogenannte "Altbauten", also...

Newssquare  Real Estate & Construction Insider

The newsletter covers important developments in 13 jurisdictions in the CEE/SEE region, namely:

 

Albania, Austria, Bosnia & Herzegovina, Bulgaria,...

Newssquare  Revolution in Residential Development

On 22 August 2018 a new Act on facilitating the preparation and implementation of residential and accompanying investments came into force. The law...

Newssquare  Change in Perpetual Usufruct is Coming

Starting from January 1, 2019, the rights of perpetual usufruct of plots built-up with residential buildings will be transformed into ownership...

Newssquare  Romania Is Set To Enforce Mandatory Rehabilitation Works For Hotel Owners

On 14 May 2018, a draft law (PL no. 190/2014) regarding certain measures for the rehabilitation of tourist facilities of national interest was...

Newssquare  Latest Amendment to the National Court Register Act

The latest amendment to the National Court Register Act ("Act") introduces many changes that will significantly affect its functioning and obligations...

Newssquare  The Impact of the New Tax Evasion Regulations on Escrow Agreements

To counteract tax evasion, Polish authorities have recently introduced legislation (the Act) and digital systems allowing tax authorities to analyze...

Newssquare  Verwaltungsstrafe - Immobiliengesellschaft als AIF

IMMOBILIENGESELLSCHAFT ALS AIF

Wie durch eine kürzlich veröffentlichte Entscheidung des Bundesverwaltungsgerichts vom 27.11.2017 zu Gz W2102148720-1...

Newssquare  Romanian Law Implementing The GDPR Has Been Submitted To The Senate

On March 14, 2018 the Romanian law for implementing measures on EU Regulation no. 2016/679 on the protection of individual rights with regard to the...

Newssquare  Bulgaria Joins The EU 'AMLD IV Implementation' Club

Yesterday, the Bulgarian Parliament adopted the Anti-Money Laundering Act (in Bulgarian: Закон за мерките срещу изпирането на пари). The Act...

Newssquare  Polish Employee Capital Plans

On February 8th, 2018, the Polish Ministry of Finance released the long-awaited first draft of the bill on employee capital plans (Ustawa o...

Newssquare  Potential Reforms in Real Estate Law

The new Austrian government was sworn in on December 18, 2017 and thereby also presented its government program which deals, among other things, with...

Newssquare  Potentially Significant Changes Coming To Spatial Planning

In September 2017, the Ministry of Infrastructure and Development announced a project with the goal of modifying specific laws concerning the real...

Newssquare  Launch of new FIDIC Contract Conditions

The "contracts of choice" for the world's most high-profile construction and infrastructure projects have been updated. FIDIC launched revised...

Newssquare  Legal Provisions Regarding the Acquisition of Farmland in Certain Countries in CEE

The large-scale acquisition of farmland in CEE countries has been a highly debated topic for some time. This is mainly due to the relatively low price...

Newssquare  WOLF THEISS ADDS THREE PARTNERS TO WARSAW OFFICE, STRENGTHENING REAL ESTATE, BANKING, AND CORPORATE PRACTICE GROUPS

Poland becomes top market for expansion in emerging Europe

 

In response to the growing demand for legal advisory services in Poland, Wolf Theiss has...

Newssquare  Abolishment of Stamp Duties on Residential Lease Agreements

A peculiarity of Austrian laws has - partially - been abolished

 

Stamp duties on certain legal transactions were introduced nearly 300 years ago to...

Newssquare  A new Tax on commercial Real Estate to be introduced in Poland

In early October a draft bill introducing a tax on certain types of commercial real estate was submitted by the Ministry of Finance to Parliament for...

Newssquare  Der Beginn der Verjährungsfrist nach § 1489 ABGB

Binnen weniger Monate beschäftigte sich der OGH im Jahr 2017 mit der Frage des Zeitpunkts des Beginns der Verjährungsfrist für...

Newssquare  ImmoEst und Hauptwohnsitzbefreiung – was ist neu?

Die Hauptwohnsitzbefreiung bei Immobilienverkäufen wurde von der Finanz unter Berufung auf die Einkommensteuerrichtlinie nur bis zu einer...

Newssquare  How efficient are investment opportunities for the Production of Electric Energy from Renewable Energy Sources?

Bosnia and Herzegovina (BiH) consists of two separate entities, the Federation of Bosnia and Herzegovina (FBiH) and the Republic of Srpska (RS), as...

Newssquare  Planned launch of Polish REITs in 2018

Real Estate Investment Trusts (REITs) permit investors (including small ones) to participate in the real estate market in a tax-advantaged manner. The...

Newssquare  PropTech – disrupting the Real Estate sector

"PropTech" is an abbreviation for Property technology. PropTech means any application in the real estate sector, be it 3D visualizing, home matching...

Newssquare  New hurdles for consumers buying Real Estate?

Developers initially claimed that the government’s concerns about the market were misplaced and its pro-consumer approach would negatively influence...

Newssquare  Is the Internet killing Retail Lease Agreements?

Since the digital age began, models for computing the rent for retail spaces have remained basically unchanged: lease agreements provide for a base...

Newssquare  The End of unilateral Changes of Interest Rates by Slovak Banks?

By 2016, interest rates set by the European Central Bank reached historic lows. For this reason, a mortgage loan has become a more common way of...

Newssquare  Betriebsanlagenverfahren neu

Elektronische Aktenführung hat auch in den Verwaltungsverfahren Einzug gefunden und unter anderem zu einer Verfahrensbeschleunigung beigetragen. Dem...

Newssquare  The impact of Brexit on Real Estate in Poland

United Kingdom real estate funds are the third most active investors in the Polish real estate market, following only funds from the U.S. and Germany....

Newssquare  Brexit: What's next for real estate developers, contractors and funders in CEE

The UK referendum has resulted in much work for pundits, not least because there is little certainty when, if at all, the UK will cease to be an EU...

Newssquare  How does Brexit affect real estate transactions in Austria?

Well, a Brelocation is probably easier right now than it would be in two years' time.

Newssquare  Law on debt discharge to enter into force on 13 May 2016

After controversial debates, Law no. 77/2016 on discharge of mortgage-backed debts through transfer of title over immovable property (the "Law on Debt...

Newssquare  EGO 7/2016 and amendments to the construction law and the planning law in Romania

Emergency Government Ordinance no. 7/2016 on several measures for acceleration of the implementation of trans-European transport infrastructure...

Newssquare  RESTRICTION OF COMPETITION BY ANCHOR TENANTS?

The right of an anchor tenant to prevent the lessor letting commercial premises to third parties has been scrutinized by the European Court of...

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