Cerha Hempel has advised CA Immo on the sale of a building complex consisting of the Hotel Savoyen and an office building to German real estate agency Horn Grundbesitz.
According to Cerha Hempel, “located in the third district of Vienna in close proximity to the Belvedere Palace, the property has a total lettable area of approximately 38,150 square meters and is fully let. Tenants of the office complex include, among others, the current corporate headquarters of CA Immobilien Anlagen AG and the fashion company Peek & Cloppenburg KG, which is based in Vienna. Closing is expected to take place in the first quarter of 2023.”
Cerha Hempel’s team included Partner Mark Krenn, Senior Associate Marko Vladic, and Associate Johanna Kaschubek.
Cerha Hempel did not respond to our inquiry on the matter.