Austria: Schoenherr strengthens its real estate practice with transaction and private foundation expert Alexander Babinek

Alexander Babinek, known for being a real estate and private foundation expert, joined the Schoenherr real estate team in April 2017. He usually advises and represents national and international clients on real estate transactions and property development projects. Additionally, he has a special focus on private clients and private foundations. 

"The real estate market in Central and Eastern Europe remains buoyant, so, it is essential that we consolidate our position as the leading legal advisor in the region," commented managing partner and real estate expert Michael Lagler. "Alexander Babinek is an excellent, focussed attorney who already has significant transactional expertise and is a great team player. We are excited that we have gained such an experienced and knowledgeable attorney who will support our team."

Alexander Babinek studied law at the University of Vienna (Mag.iur. 2008) and also earned a doctorate degree in law from the University of Vienna in 2010. In addition, he holds a master's degree from the Executive Academy of the Vienna University of Economics and Business. In 2015, he was admitted to practise law in Austria. Prior to joining Schoenherr, Alexander was part of a corporate and real estate team at an international law firm in Vienna. He is the author of several real estate, corporate, and private foundation law-related articles. Alexander is regularly involved in complex national and international real estate transactions and frequently advises US and Italian clients on their business activities in Austria.    

The Schoenherr real estate practice group advises and represents national and international companies regarding all legal aspects of their real estate businesses and is involved in numerous transactions and projects in Austria and Central and Eastern Europe. Recently the team advised Deka Immobilien on the acquisition of DC Tower 1 in Vienna, the tallest hotel and office building in Austria, and on the purchase of UniCredit's Ekazent subsidiary by a joint venture company consisting of an investor group led by Erwin Krause and Franz Kollitsch, and UBM Development.