Vienna, 6 May 2022 – Relying on the legal advice of Wolf Theiss, Salzburg-based real estate investor Walter Schisernig sold the former Hofer logistics centre in Loosdorf to Switzerland’s largest life insurer SwissLife.
In December 2021, the former Hofer logistics centre in Loosdorf was sold to SwissLife for a sum in the high double-digit millions after an elaborate remodeling by a team led by Salzburg-based real estate investor and developer Walter Schisernig.
“After all, we only acquired the property from Hofer in spring 2021. We succeeded in raising the value of the first-class logistics property again in a short time through corresponding long-term new leases and smart property-law restructuring. The location and property are top notch – and with Swiss Life we have found a good and reliable partner for the transaction”, commented Walter Schisernig.
The successful transaction was accompanied on the seller’s side by the real estate and logistics experts of the commercial law firm Wolf Theiss, Peter Oberlechner (Partner, Real Estate) and Sandra Seldte (Senior Associate, Real Estate). In the transaction, a so-called “seller-buyer-flip” of a warranty insurance was also used as an innovative legal element to accelerate the process.
Major transaction in Lower Austria: former Hofer logistics centre sold after extensive remodeling
Vienna, 6 May 2022 – Relying on the legal advice of Wolf Theiss, Salzburg-based real estate investor Walter Schisernig sold the former Hofer logistics centre in Loosdorf to Switzerland’s largest life insurer SwissLife. In December 2021, the former Hofer logistics centre in Loosdorf was sold to SwissLife for a sum in the high double-digit millions […]...
Hungary: update on available grid connection capacities published by MAVIR
(also available in Hungarian below) 1. Background As we reported earlier this year, with effect from 1 April 2021, new, competitive capacity allocation principles were introduced in the Hungarian Electricity Act, bringing conceptual changes to the previous system (see Hungary: First Publication Procedure for Power Plant Connection to Transmission Grid expected in May 2022). According […]...
First organised GoO market in Hungary: kick-off in early summer 2022
Trading guarantees of origin (GoO) are becoming more popular in Hungary. Due to the increasing market demands, the Hungarian Power Exchange (HUPX) will launch an organised GoO market from 9 June 2022. Leading up to this, the HUPX recently published the Auction Code of the GoO market (i.e., the HUPX GO platform) effective from 26 […]...
Krieg in Zeiten von ESG, Private Enforcement und Strategic Litigation
Was gilt es im Rahmen der ordnungsgemäßen Geschäftsführung zu beachten? Artikel auf englisch Link – Die Presse ESG (Environmental, Social und Governance) beschreibt die Grundprinzipien nachhaltigen Wirtschaftens. Stakeholder haben immer höhere Erwartungen an die ESG-Leistung eines Unternehmens. Während zuletzt aufgrund der Klimakrise das ökologische, nachhaltige Wirtschaften prominentestes der drei ESG-Kriterien war, stellt der Krieg Russlands […]...
ESG, private enforcement and strategic litigation in times of war
What to consider in the context of proper business management? (article also available in German) ESG (Environmental, Social and Governance) describes the fundamental principles of sustainable business. Stakeholders have increasingly high expectations of a company’s ESG performance. While recently, due to the climate crisis, ecological sustainable management was the most prominent of the three ESG […]...
Wolf Theiss presenting at Real Estate Circle June 2022
Real estate experts showcase WT value add in major Austrian event Partner Birgit Kraml and Senior Associate Stefan Horn will be accompanied by Partner Erik Steger as the former two present their topics at the upcoming Real Estate Circle Conference in Stegersbach, Austria on 9/10 June 2022. Birgit Kraml Erik Steger Stefan Horn Tokenisation of […]...
Wolf Theiss Bratislava recognised at the Law Firm of the Year 2022 awards in Slovakia
We are delighted to announce that Wolf Theiss Bratislava has been recognised as “Very Recommended” in the ‘Banking & Finance’ category and as “Recommended” in the ‘Mergers & Acquisitions’ category at the Law Firm of the Year 2022 awards in Slovakia organised by EPRAVO Group and TREND. The ceremony was attended by our Counsels Bruno […]...
Ukraine: Key Legal Developments
Monitoring issues as they happen As the war in Ukraine continues to unfold, so too does the legal fallout of the conflict. Understanding the full scope of the sanctions and how they are impacting industries across Europe and the rest of the world requires legal expertise and business know-how. Our lawyers put these developments into […]...
How private individuals track Russian assets
If private creditors access oligarchs’ assets to prevent illegal outflows, this could hit debtors even harder than if the authorities take action. But the search is at their own expense. The enforcement of EU sanctions falls within the responsibility of national authorities in each EU member state. But what can be done if public authorities […]...
New Croatian Whistleblowing Act
A new Whistleblowing Act (‘the Act’) implementing the Directive on the Protection of Persons who Report Breaches of Union Law (Directive (EU) 2019/1937) (‘the Whistleblowing Directive’), came into force in Croatia on 23 April 2022. The new legal framework replaces the existing one which has been in force since 2019. Main protection mechanisms for whistleblowers […]...
Secured Finance Transactions: Taking Security, Deal Structures and Emerging Markets
Written for legal practitioners, business professionals and bankers Secured finance transactions are implemented the world over between companies, banks, funds and individuals. They form, and have formed for centuries, an integral part of the world of corporate finance. Yet there are many complexities that need to be considered and understood, including the intricate juxtaposition of laws, […]...
Romania shifts to stricter rules for non-EU investors
After years with a liberal FDI regime, Romania has shifted to stricter rules for non-EU investors. The new regime entered into force on 18 April 2022. Scope of application The FDI Ordinance imposes stricter scrutiny for investments made by non-EU/ non-EU controlled investors that could potentially raise national security and public order risks or that […]...