CMS advises HGA Austria on property sale to Oberösterreichische Versicherung
HGA Österreich AG recently sold its office building in Gudrunstrasse 179, Vienna to Oberösterreichische Versicherung AG. The seller was assisted in this property transaction by CMS in Vienna.
The property boasts around 7600 m² of leasable floorspace on a total of five floors and consists of office, business and storage space. HGA Österreich AG was assisted in this deal by the Real Estate and Construction Law Team at CMS in Vienna. “The sale was successfully concluded as an asset deal within a short period. We’re delighted we were able to advise our client on this transaction so quickly and efficiently,” said Nikolaus Weselik, partner and Head of the Real Estate and Construction Law Team at CMS in Vienna. He was primarily supported by Helmut Bruckner, a senior lawyer at CMS.
Expertise in real estate and construction law at CMS
With Austria’s most experienced lawyers in building contract law and over 800 CMS lawyers in over 40 countries, CMS offers each client consistent cross-border legal advice coordinated from its home market.
CMS legal advice covers all areas of real estate and construction finance. Our experts support the whole lifecycle of a project: from the developer’s idea, through planning permission, financing, implementation and usage, to purchase and sale. The service includes drafting of planning contracts, legal and tax structure of projects, award procedure as well as management of the whole project.