The commercial real estate industry has not foregone the impact of these turbulent and uncertain times. The time for cheap money is over. Inflation is at 40-year highs. Energy prices have risen steeply. The international banking sector is experiencing some ripples. Valuations are uncertain. The expectations of sellers and buyers seem to be still far apart, causing a standstill of transactions.
Is it in fact all doom and gloom for the European commercial real estate market? Will there be changes in market sentiment in the second quarter?
It’s virtually impossible to find the optimal spot to invest or divest. Be prepared and start looking at opportunities now.
– Peter Oberlechner, Partner, Wolf Theiss
Our Real Estate Partners Peter Oberlechner and Erik Steger sat down for an in-depth discussion with Andreas Ridder, Austrian Managing Director of CBRE, the world’s largest commercial real estate services and investment firm, on the current issues facing the real estate market. In addition, they share thoughts on what steps real estate developers and investor can take in these challenging times.
Commercial Real Estate in 2023 – Issues, Trends, Perspectives
The commercial real estate industry has not foregone the impact of these turbulent and uncertain times. The time for cheap money is over. Inflation is at 40-year highs. Energy prices have risen steeply. The international banking sector is experiencing some ripples. Valuations are uncertain. The expectations of sellers and buyers seem to be still far […]...
Was ist so besonders an “besonderen Dienstleistungen”?
+ Update zur Direktvergabegrenze In dieser Folge unseres Vergaberecht-Podcasts befassen sich Silvia Feßl und Johann Hwezda aus unserem Vergaberechtsteam mit “besonderen Dienstleistungen” im vergaberechtlichen Sinne. Für diese Leistungen, die so verschiedene Bereiche wie Kultur, Gesundheit und Landesverteidigung betreffen, gilt ein erleichtertes Vergaberechtsregime. Was genau die Unterschiede und Erleichterungen aber auch die Fallstricke bei der Vergabe besonderer […]...
Wolf Theiss assists KKR with Ukrainian part of its USD 450 million multinational investment in Hero Future Energies
Kyiv, 16 March 2023 – Leading global investment firm KKR relied on the legal advice of Wolf Theiss regarding the Ukrainian part of its USD 450 million multinational investment in Hero Future Energies (“HFE”). On 10 March 2023, KKR and Hero Future Energies (“HFE”), the renewable energy arm of the Hero Group, closed a transaction […]...
New Foreign Direct Investment screening regime implemented in the Slovak Republic
The Slovak Republic has implemented a new comprehensive FDI screening procedure, with the aim of achieving a delicate balance between maintaining the incoming flow of foreign investment, while offering an effective tool to identify foreign investors and investments which pose a potential threat to the security and public order of the Slovak Republic & the […]...
You have been hacked – ways out of the crisis
The ever-increasing number of cyberattacks on companies is shifting the focus to correct behavior by management and in the event of cyberattacks. What preventive measures need to be taken in order to offer cyberattacks as few targets as possible? And what reactive measures are to be taken when the worst case scenario has already occurred? […]...
Redundancies: Tips & Tricks
In this episode of our Arbeitsrecht podcast, Ralf Peschek and Isabel Firneis dive into the complex topic of staff reductions and social plan negotiations in Austria. They discuss how a restructuring process is usually structured and which factors drive the timeline and costs. They also share tips and tricks from their practical experience, including an […]...
Wolf Theiss advises Speedwell in relation to obtaining green financing for two residential buildings in Timisoara
Bucharest, 3 March 2023 – Wolf Theiss advised the Belgian-based property developer SPEEDWELL in relation to obtaining a green loan of EUR 24.3 million and RON 17.6 million for the development of two residential buildings in Timisoara, Romania, located on the banks of the Bega River, part of the Paltim project. The loan was granted […]...
Understanding Austria’s new Whistleblower Protection Act
The new Whistleblower Protection Act entered into force in Austria on 25 February 2023. In this episode of our Arbeitsrecht Podcast, Anna Schwamberger and Magdalena Ziembicka highlight key elements of the new law and clarify common misconceptions. What is the law about? Austrian companies with 50 or more employees are obliged to set up internal […]...
Winds of change: positive outlook for Hungary’s wind energy regulations
*available in Hungarian below There has not been a new wind farm built for almost a decade in Hungary despite the country’s undoubted need for more wind power. At the end of 2022, the European Commission announced the adoption of Hungary’s Recovery and Resilience Plan, which, among other things, aims to facilitate onshore wind investments. […]...
WT Sofia comments on adoption of Bulgaria’s Whistleblowing Act
Wolf Theiss Sofia has recently provided its analysis on the newly adopted Bulgarian Whistleblowing Act, which was adopted at the end of January 2023 after prolonged and intense discussions. Soon after the Bulgarian Whistleblowing Act was published in the State Gazette, the WT Sofia team, led by Partner Anna Rizova and including Counsels Hristina Dzhevlekova […]...
How do market players view the European Green Bond Standard?
Q&A with Erste Group and RBI Green Bonds and Securitisation Series – Article 3/3 This is the thrird article in a series of which is preceeded by The European Green Bond Standard – gold standard or regulatory burden? and “Sustainable Securitisation – too complicated or worth the effort?” This Wolf Theiss Q&A on the new European […]...
Wolf Theiss advises Farner International on The Skills Group becoming part of European agency group “Team Farner”
Vienna, 27 February 2023 – Vienna-based communications agency The Skills Group, one of Austria’s leading PR agencies, as well as its digital subsidiary datenwerk and marketing agency All Channels Communication Austria, are changing hands. They will become part of Team Farner, a growing, pan-European communications agency group headquartered in Switzerland. Wolf Theiss is acting for […]...