PHH Rechtsanwälte advise in Euro 52 million syndicated financing for Innovation Hub
In recent years, PHH’s Banking & Finance Team led by Wolfram Huber has established a reputation as specialist for legal consulting for the financing of large-scale projects such as schools, hospitals or power stations. With the Innovation Hub in Vienna Floridsdorf, Siemensstraße 87-89, a further large project is being added. On one of the last remaining large commercial areas of Vienna the Business Campus 21 will be developed on an area of 48,600 sqm. Property developer Bondi Consult purchased the entire land in a tender process and plans three hubs for the area.
The Innovation Hub starts in the western part of the plot directly next to the S-Bahn station “Vienna Siemensstraße”, with an area of 16,700 sqm. A high-class office building will be built with 14,000 sqm usable floor space for offices and laboratories. A Merkur supermarket with separate access is planned on the ground floor. In the front part of the property a multi-storey car park with approx. 750 parking spaces will be added. After securing financing the construction of the Innovation Hub can now be initiated, the completion is planned for spring 2021. Two further hubs complementing the offer of the Innovation Hub are in a planning stage.
Anton Bondi de Antoni, Managing Director of Bondi Consult: “The excellent cooperation with PHH Rechtsanwälte and our financing partners, HYPO NOE Landesbank and Bank Burgenland, was a major factor which contributed towards the successful start to the project. We hope to be able to realise even more projects with this project team.”
Oliver Waldthaler, Property Financing Department of the HYPO NOE Landesbank: “We are also pleased to be able to work together with an experienced investor in the acquisition and development of this core real estate in such an attractive location, and incorporate our specialist competence for real estate financing.”
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 40 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.
About HYPO NOE Landesbank
HYPO NOE Landesbank für Niederösterreich und Wien AG is one of the oldest and largest of Austria’s state mortgage banks. Core market is Lower Austria and Vienna and selectively the adjacent CEE area. With the state of Lower Austria as 100% owner, the state bank can build on a secure basis. The proven strategy is based on regionality, customer proximity and sustainability. More information at www.hyponoe.at