Soravia’s Acquisition of Immo-Contract from Volksbanken Group

Fellner Wratzfeld & Partner (fwp) advised Soravia on its acquisition of the Immo-Contract companies from the Volksbanken Group. Binder Grösswang reportedly advised the seller. The closing took place on 21 June 2021 and details of the transaction were not disclosed.

fwp stated that the merger’s aim was to leverage existing synergies in a bid to merge Soravia and the Immo-Contract companies into “one single real estate network from which clients of Volksbanken Group will also be able to benefit.”

fwp’s team comprised Partners Markus Fellner (Corporate/M&A and Banking Law) and Lukas Flener (Antitrust Law), Lawyers Roswitha Seekirchner (Corporate/M&A) and Peter Stiegler (Corporate/M&A), and Associates Martin Navara (Corporate/M&A) and Roman Schlemaier (Corporate/M&A). Soravia, one of the leading real estate groups in Austria and Germany, is a long-standing client of fwp.