Baustoff + Metall, RPR Privatstiftung, and Stefan Schoenauer have acquired and refinanced the Althan Quartier in Vienna from a consortium of banks led by Raiffeisen Bank International and including Oberbank, Raiffeisenlandesbanken Steiermark and Oberoesterreich, Volksbank Wien, Sparkasse, VKB, and Hypo Vorarlberg.
The transaction remains contingent on regulatory approval.
According to the CMS law firm, which advised the banks on the deal, “the takeover by the new consortium and the overall debt restructuring have secured the financing of the major project until its planned completion in 2025.” The firm reports that the Althan Quartier is “currently being developed on the 2.4 hectare site above the Franz-Josefs railway station in Vienna. With a total gross floor area of approximately 130,000 square meters, Althan Quartier will offer offices, retail, restaurants, leisure, and cultural facilities as well as high-quality apartments, hotel rooms, and parking spaces.”
The E+H law firm advised the buyers.