Major transaction in Lower Austria: former Hofer logistics centre sold after extensive remodeling

Vienna, 6 May 2022 – Relying on the legal advice of Wolf Theiss, Salzburg-based real estate investor Walter Schisernig sold the former Hofer logistics centre in Loosdorf to Switzerland’s largest life insurer SwissLife.

In December 2021, the former Hofer logistics centre in Loosdorf was sold to SwissLife for a sum in the high double-digit millions after an elaborate remodeling by a team led by Salzburg-based real estate investor and developer Walter Schisernig.

“After all, we only acquired the property from Hofer in spring 2021. We succeeded in raising the value of the first-class logistics property again in a short time through corresponding long-term new leases and smart property-law restructuring. The location and property are top notch – and with Swiss Life we have found a good and reliable partner for the transaction”, commented Walter Schisernig.

The successful transaction was accompanied on the seller’s side by the real estate and logistics experts of the commercial law firm Wolf Theiss, Peter Oberlechner (Partner, Real Estate) and Sandra Seldte (Senior Associate, Real Estate). In the transaction, a so-called “seller-buyer-flip” of a warranty insurance was also used as an innovative legal element to accelerate the process.