The BAI Bauträger Group has EUR 1.7bn real estate investment volume and a 440,000 sqm development portfolio. BAI was sold by UniCredit Bank Austria to a joint venture of SIGNA and investor group. bpv Hügel advised the management of the target in the course of the transaction.
Vienna/Mödling, 01 March 2017. bpv Hügel has advised the management of BAI Bauträger Group as target in the course of its sale by UniCredit Bank Austria to a joint venture between SIGNA and an investor group.
The bpv Hügel team was led by Hanns F. Hügel (Partner, Corporate/M&A) and further included Gerald Schachner (Partner, Tax) as well as Florian Plattner (Partner, Corporate/M&A).
BAI is an indirect subsidiary of UniCredit Bank Austria. BAI has a real estate investment volume of approx. EUR 1.7bn with a current portfolio of 18 projects as well as a development portfolio of more than 440,000 sqm.
SIGNA was advised by Arnold Rechtsanwälte GmbH, the investor group by Schönherr and Fellner Wratzfeld & Partner Rechtsanwälte GmbH supported the sellers.