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DORDA advises real estate fund KGAL on sale of two office buildings in Central Vienna

Tuesday, 15 October 2019

Stefan Artner, DORDA partner and head of the real estate practice group, and real estate attorney Magdalena Brandstetter have advised the real estate fund KGAL KETA Grundstücksgesellschaft mbH & Co. KG ("KGAL") on the sale of the two office buildings Kölblgasse 8-10 and Hainburger Strasse 33. The latter building serves as headquarters of "Die Presse", a leading Austrian Newspaper, in the 3rd district of Vienna. The parties have agreed not to disclose the purchase price.

The sale of the properties was carried out as a structured bidding process by EHL. The buyer of the Kölblgasse 8-10 office building with approx. 7,500 sqm of rentable space is IW Property Tau GmbH Asset Deals. The buyer of the headquarters of "Die Presse" in Hainburger Straße 33 with approx. 7,500 sqm is an investment fund company.

About KGAL and about DORDA attorneys at law
The KGAL Group is a leading independent investment and asset management company with an investment volume of around 20.5 billion euro. Their investments focus on long-term real capital investments for institutional and private investors in real estate, infrastructure and aircraft. The Europe-wide operating group, headquartered in Grünwald near Munich, employs around 360 people.

DORDA's award-winning real estate practice group is headed by Stefan Artner. In the KGAL transaction her was supported by attorney Magdalena Brandstetter and associates Caroline Lessky and Markus Buchleitner from his team.

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