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Allianz Real Estate advised by CMS on acquisition of landmark office project for more than EUR 500 million


Stuttgart – Allianz Real Estate has acquired 100% of the landmark office project “THE ICON VIENNA” at Vienna’s new central railway station on behalf of several Allianz companies. The investors include Allianz Lebensversicherungs-AG and Austrian company Allianz Elementar Versicherungs-AG. The vendor is SIGNA Development Selection AG. The acquisition represents an investment of more than EUR 500 million.

Allianz was advised by CMS Germany (lead role) and the CMS offices in Austria and Luxembourg on legal aspects of the structuring, contract negotiations, due diligence, competition law and regulatory issues in relation to this forward deal. CMS regularly advises Allianz on property transactions, most recently on the sale of the Cloud 9 real estate portfolio to Patrizia and on the acquisition of the Kap West development project in Munich from OFB.

THE ICON VIENNA comprises three office towers and is located directly on the Wieden Beltway. The properties have direct access to the station concourse, with links to Vienna’s underground and rapid transport network and to the mainline services operated by Austrian Federal Railways (ÖBB). The total gross floor area comprises 88,000 square metres. There is already strong demand from prospective tenants for the property, which is currently under construction (completion is expected in the second quarter of 2018). Transfer of title to Allianz is scheduled for the fourth quarter of 2018.

CMS Germany

Dr Volker Zerr, Lead Partner
Dr Simon Marschke, Counsel
Jacqueline Terhöven, Senior Associate, all Real Invest
Dr Maximilian Grub, Partner
Dr Sabina Krispenz, Lead Counsel
Dr Tobias Will
Pia Klages, both Associates, all Corporate/M&A
Dr Christian Haellmigk, Partner
Sophie Mathäß, Associate, both Competition & EU
Dr Winfried Schnepp, Partner
Dr Frank Püttgen, Counsel, both Insurance Regulatory

CMS Austria

Dr Johannes Hysek, Partner
Mariella Kapoun
Martin Trapichler
Daniel Röthlin, all Associates, all Real Invest
Molly Kos, Associate, Public Law
Tobias Kostner
Peter Machherndl, both Associates, all Commercial
Dieter Zandler, Partner
Arno Scharf, Associate, both Competition & EU
Thomas Böhm, Partner, Insurance Regulatory

CMS Luxembourg

Julien Leclère, Partner
Jehan Dupont Danzel d’Aumont, Associate, both Corporate/M&A

Inhouse Legal Team at Allianz

Dr Markus Trotter-Melitz, Head of Legal
Isabel Haupt, Senior Legal Counsel
Dr Petra Daniela Kirsch, Senior Legal Counsel
Tina Katrin Geissler, Compliance Officer