Wolf Theiss' mandate encompassed both the execution of the vendor due diligence for "Florido Tower" and "Solaris" and legal advice regarding the share purchase agreement under Austrian law.
The Wolf Theiss team of advisers consisted of Partners Peter Oberlechner, the head of the Real Estate Practice Group, as well as Karl Binder and Gabriele Etzl.
In this deal, Union Investment Real Estate GmbH sold its "Aqua" portfolio, consisting of 17 office buildings, encompassing 278,000m2 of rentable area in six countries in Western Europe. The portfolio is comprised of buildings from four real estate mutual funds managed by Union Investment. 75% of the mega-portfolio, which is valued at over 1 billion Euro, is concentrated in Great Britain, France and Germany.