SAXINGER advises KNILL Group, Invest AG, and Raiffeisen-Landesbank Steiermark on their investment in Pankl Racing Systems AG.

SAXINGER provided comprehensive advisory services to the Belgian real estate company Nextensa on the sale of the Stadlau Business Park in Vienna. The buyer of the property is Union Investment Austria GmbH, one of Europe’s leading real estate investment managers.

Nextensa manages an investment portfolio with a total value of around €1.3 billion, distributed across Luxembourg (43%), Belgium (42%) and Austria (15%). The Stadlau Business Park, the subject of the transaction, is one of the established business locations in eastern Vienna and comprises a diverse area with office, warehouse, and production spaces. The transaction reflects the continued strong interest of institutional investors in high-quality commercial properties in attractive urban locations.

With this acquisition, Union Investment strengthens its presence in the Vienna real estate market and expands its portfolio with a long-established site that offers development potential. The Stadlau Business Park benefits in particular from its excellent transport connections and flexible usage structure, which allows for a broad tenant base.

The SAXINGER team was led by Partner Dr. Lukas Leiter and also included Counsel Mag. Stefan Foidl as well as Associates Mag. Marlene Schauer and Mag. Maximilian Wightman.

Union Investment was advised on the transaction by Schönherr Rechtsanwälte (Michael Lagler, Markus Buchleitner, Carmen Hoyos).

Team
Dr Franz Mittendorfer MMag Sebastian Hütter
Project details

SAXINGER provided legal advice to the KNILL Group, Invest AG, and Raiffeisen-Landesbank Steiermark as an Austrian consortium on their investment in Pankl Racing Systems AG. Together, the consortium is acquiring two-thirds of the shares in the Styrian technology company from Pierer Industrie AG as part of the transaction.

The completion of the transaction is still subject to the necessary merger control and investment approval requirements. Upon closing, the KNILL Group will hold one-third of the shares in Pankl Racing Systems AG, while Raiffeisen-Landesbank Steiermark and Invest AG will each acquire one-sixth. Pierer Industrie AG will remain involved with a one-third stake in the company. The aim of the new ownership structure is to further strengthen the company’s international position in the high-performance segment and to secure long-term growth.

The KNILL Group is an internationally active Austrian industrial group based in Weiz, operating in the fields of energy, infrastructure, and manufacturing technologies, and investing in innovative industrial companies for the long term. Invest AG is one of the leading private equity investors in the German-speaking region, providing equity and equity-like financing solutions for mid-sized companies. Raiffeisen-Landesbank Steiermark is the flagship institution of the Raiffeisen Banking Group Styria and acts as an investor in forward-looking companies to strengthen the regional economy.

The SAXINGER transaction team was led by partners Franz Mittendorfer and Sebastian Hütter, who advised the investor consortium on all legal aspects of the investment.

The seller side was advised by Oberhammer Rechtsanwälte.

Press release

13.03.2026