Austria: Schoenherr advises Saller Group on acquisition and market entry in Austria

FMZ Kapfenberg has a rental area of around 14,000 m². Tenants include BILLA Plus, BIPA, a pharmacy, as well as LIBRO, PAGRO Diskont, Action and the petfood retailer Fressnapf.

Schoenherr provided comprehensive legal advice throughout the entire transaction, particularly in preparing the purchase documentation and managing the fiduciary aspects of the purchase agreement.

The owner-managed company Saller, based in Weimar, is a real estate investor operating in Germany, the Czech Republic, Poland and Slovakia. The group has been planning, building, leasing, maintaining, servicing and expanding commercial real estate for almost 40 years. It also supplies over 10,000 people with power through its own wind energy and photovoltaic systems. 

The Schoenherr team consisted of Clemens Rainer (partner), Constantin Benes (partner) and Yvonne Kraudinger (associate). 

BDO advised the buyers on tax-related aspects of the transaction.

The seller received legal representation from DSC (Dr Wilfried Seist) and tax advice from KPMG.