Advising UBM on the acquisition of a development property of over 23,000 m2 on the Vienna Danube Canal from the Reitenburg Group.

UBM Development again relies on SAXINGER's expertise in real estate law and financing for the acquisition of a development property of over 23,000 m2 on the Vienna Danube Canal. Under the leadership of Immanuel Gerstner, SAXINGER advised on all legal aspects from the structuring of the investment to the purchase of shares and project financing. The property in the second district of Vienna currently comprises an office building and a garage. The development of a hotel and residential complex with a project volume of around EUR 400 million is planned.

Dr. Immanuel Gerstner
Lawyer

“We were happy to advise our long standing client UBM Development in the acquisition of this challenging land-mark project.”