Realtrade Immobilien Gruppe has successfully sold an extensive real estate portfolio to Raiffeisenbank Region Baden. The negotiated total volume of the transaction amounts to approximately EUR 90 million. The package comprises a total of five properties consisting of existing residential assets as well as projects at the development stage.
Background to the sale and portfolio composition
The sale marks a significant milestone within the economic repositioning of the vendor. Realtrade Immobilien Gruppe has been active in the Austrian market for more than two decades. The company focuses primarily on the development, refurbishment, and marketing of residential property, looking back on a track record of more than 100,000 square metres of developed and refurbished residential floor space.
The purchaser of the properties is Raiffeisenbank Region Baden. The institution maintains 16 branches across its core regional territory and covers a broad spectrum of financial and banking services for private and corporate clients. With the acquisition of the portfolio comprising five assets, the bank strengthens its commitment to the regional real estate environment.
Legal counsel and restructuring process
Realtrade Immobilien Gruppe was advised on the execution of the sale by commercial law firm Wolf Theiss. Lead counsel was partner Peter Oberlechner, supported by associate Maxie Müllbacher from the real estate practice group. On the vendor side, CFO Eugen Sonnleithner was decisively involved in the process.
In the context of the closing, Peter Oberlechner noted that transactions in challenging economic environments require swift and efficient action. To address unforeseen developments, pragmatic solutions had been essential. The successful sale makes a substantial contribution to the ongoing reorganisation and restructuring of Realtrade Immobilien Gruppe.
- —Transaction volume: Around EUR 90 million purchase price
- —Scope: Five residential and development properties
- —Purchaser: Raiffeisenbank Region Baden with 16 branches
- —Legal advice: Wolf Theiss led by Peter Oberlechner
