Vienna, 11 February 2016 – The large-scale real estate deal "Aqua" was successfully concluded at the beginning of the year. The "Florido Tower" and Solaris" office buildings, both located in Vienna, have been acquired by Amundi Real Estate. Wolf Theiss provided Union Investment with legal representation in the deal.

Wolf Theiss' mandate encompassed both the execution of the vendor due diligence for "Florido Tower" and "Solaris" and legal advice regarding the share purchase agreement under Austrian law.

The Wolf Theiss team of advisers consisted of Partners Peter Oberlechner, the head of the Real Estate Practice Group, as well as Karl Binder and Gabriele Etzl.

In this deal, Union Investment Real Estate GmbH sold its "Aqua" portfolio, consisting of 17 office buildings, encompassing 278,000m2 of rentable area in six countries in Western Europe. The portfolio is comprised of buildings from four real estate mutual funds managed by Union Investment. 75% of the mega-portfolio, which is valued at over 1 billion Euro, is concentrated in Great Britain, France and Germany.