PHH Rechtsanwälte advise a consortium of companies led by Bondi Consult in purchase of further Siemens sites
Vienna, March 2020 – The appetite of Bondi Consult for further real estate projects had not been fully saturated after the purchase of land from Siemens in Vienna, Floridsdorf. Together with a partner the real estate developer secured three further plots opposite of the planned business campus, right next to the Siemens headquarters, for a purchase price of more than EUR 25 million. After adding these sites the whole area was renamed “TwentyOne” in line with its diverse usages. PHH Rechtsanwälte advised in the purchasing process and settled the transaction.
PHH Rechtsanwälte had already advised in the financing transaction for the planned innovation hubs at Siemensstraße 87-89. This time the real estate know of PHH Rechtsanwälte was asked for the purchase of further Siemens plots on the opposite side of the road. PHH partner Julia Fritz advised the consortium led by Bondi Consult in the purchase of the three sites via special purpose vehicles. The purchase price is more than EUR 25 million. The project encompasses commercial and boarding use. The design includes a boarding house for employees of Siemens travelling to headquarters for short-term assignments and a hotel.
PHH partner Julia Fritz: “We are happy to have been able to accompany and advise Bondi Consult with our expertise in the purchase of the large-scale project “TwentyOne”.”
About PHH Rechtsanwälte
PHH Rechtsanwälte in Vienna is one of the top law firms for business and commercial criminal law in Austria. The law office has grown constantly since its founding in 2001 and has received multiple international awards, most recently with a nomination as Austrian Law Firm of the Year. Nine PHH partners and more than 70 lawyers work in expert clusters, which range from M&A via process management, banking and finance law through to commercial criminal law. PHH Rechtsanwälte stand for personal and competent consulting, loyalty towards their customers and creative solution approaches. http://www.phh.at
About Bondi Consult
Bondi Consult was founded in 1998 by Dr. Anton Bondi de Antoni. As a licensed real estate trustee and management consultant, Bondi Consult provides complete real estate services and the central requirements of users and investors. The main priorities are the support of projects, from initial assessment to transfer to asset management, concept, development and construction of real estate, both in their own portfolio as well as for third parties and Work Out Management and support of properties no longer required for operational purposes on behalf of banks as well as project operators. The project team of the Business Campus 21 is headed by Dominik Erne as commercial director.