DSC Immobilienteam successfully advised LLB Immo KAG

Led by Wilfried Seist, the real estate team of DSC Doralt Seist Csoklich Rechtsanwälte advised LLB Immo Kapitalanlagegesellschaft m.b.H. - a subsidiary of Liechtensteinische Landesbank (Österreich) AG - on the acquisition of the redevelopment project of the TLAPA department store in Vienna. Eeveloper and seller is the Vermehrt Group. With this purchase, LLB Immo KAG has acquired its largest property to date for LLB Semper Real Estate, the LLB Group's open-ended real estate mutual fund.

The mixed-use project, which is already under construction, comprises more than 11,500 m² of usable space and is located close to the hotspots Vienna Central Station, Quartier Belvedere and Neues Landgut. In addition to high-quality retail and office space, it will also offer around 130 serviced apartments and an underground garage with 110 parking spaces. Completion is planned in 2024. The project is also to become ÖGNI Platinum certified in order to meet the high requirements for sustainability and energy efficiency in terms of EU taxonomy and the ESG guidelines.

The DSC real estate team led by Wilfried Seist also included Antonia Temmel (attorney at law) and Kristian Mayrhofer (Associate).

Congratulations to our client LLB Immo KAG on this milestone transaction and many thanks to everyone involved for the great cooperation!