11-09-2022News

Heuking advises Union Investment in tax law on the acquisition of a vacation hotel at Lake Tegernsee

A team led by Dr. Henrik Lay, Partner at Heuking Kühn Lüer Wojtek’s Hamburg office, advised Union Investment in matters of tax law on acquiring a hotel located at Lake Tegernsee.

The property, acquired on behalf of one of Union Investment’s special fund, was sold by Planquadr.at, a SORAVIA partner company based in Salzburg. The transaction marks Union Investment’s entry into the vacation hotel asset class. The hotel will feature 100 double rooms, 25 suites, a restaurant, an indoor pool, and various rooms for events. It is currently still being finalized with its opening scheduled for March 2023.

For more than 50 years, Union Investment has stood for forward-looking real estate investments and active asset management all cross the globe. With assets under management of some EUR 55 billion in open-ended mutual property funds, special funds, and service and bundling portfolios, Union Investment is one of Europe’s leading real estate investment managers. The company invests in the office, retail, hotel, logistics, and residential sectors and actively manages over 480 properties in 26 countries worldwide. Additional information is available at: www.union-investment.de/realestate. Dr. Henrik Lay regularly advises Union Investment on real estate transactions.