
Both investors and property developers come to Schoenherr (Schönherr Rechtsanwälte) for assistance with complex transactions across the CEE region, handling portfolio transactions in addition to structuring funding and purchase deals. Practice head Michael Lagler is an expert in overseeing real estate portfolio transactions and property-heavy M&A, including structuring deals for distressed portfolios. Clemens Rainer specialises in supervising investments flowing into and out of the Austrian and CEE real estate markets, while Ayla Ilicali handles the securitisation of real estate assets and represents creditors in the event of insolvencies in the real estate sector.
Testimonials
Collated independently by Legal 500 research team.
‘Michael Lagler, together with his team, solved highly complex issues in a very professional manner. His advice is always extremely to the point. His negotiation skills are outstanding. Michael is an excellent real estate lawyer who actively suggests and implements solutions. His team is one of the best on the market, very focused and always available.’
‘Michael Lagler is well connected within the industry, has outstanding knowhow and a target and solution-orientated approach and availability. Similar for Clemens Rainer.’
‘The real estate practice group is a team of highly specialised experts who provide excellent advice in all areas and along the entire real estate value chain. The team is characterised by a sound legal approach coupled with an understanding of the economic context.’
‘Michael Lager and especially Clemens Rainer always provide solutions, even for the most difficult issues that arise when implementing transactions. Great availability combined with very good market knowledge make this team the place to go when it comes to property.’
Key clients
- Allgemeine Sparkasse Oberösterreich AG
- AREALIS
- ARE Austrian Real Estate
- Art-Invest Real Estate
- AtlasEdge
- A.T.U Auto-Teile-Unger Handels
- Bank Austria Real Invest Immobilien-Kapitalanlage
- Bauconsult Energy
- Beyond Energy
- Bundesimmobiliengesellschaft m.b.H.
- Birko Group
- BVK-Europa I-Immobilienfonds S.C.S/SICAV RAIF Teilfonds ROAT
- Carlyle Europe Real Estate
- Commerz Real
- CNH Industrial Österreich
- Deka Immobilien
- DONAU Versicherung
- DTH Arlberg Group
- ecoplus
- ERGO Versicherung AG
- ERSTE Immobilien Kapitalanlagegesellschaft m.b.H.
- Europa Capital Partners LLP
- Euro Real Estate Holding
- Garbe Industrial Real Estate
- GBI
- Generali Real Estate
- Hallmann Holding International Investment
- HanseMerkur Grundvermögen
- HT Group
- Hyatt
- IntReal International Real Estate Kapitalverwaltungsgesellschaft mbH
- INVESTER United Benefits
- Irma Investments/Immovate Management
- IMMOFINANZ AG
- KTB Investment & Securities Co.
- Lively Group
- Moody's Analytics Austria GmbH
- OPEC Fund for International Development
- Österreichischer Rundfunk - ORF
- Primark
- Red Bull GmbH
- REWE Group
- S IMMO AG
- Savills Investment/Institutional Investment Partners GmbH
- Slate Asset Management
- SMB Capital
- Soini
- Stack Infrastructure
- Swiss Life Kapitalverwaltungsgesellschaft mbH
- Tishman Speyer Investment Management
- Trivalue Real Estate Investments
- UBM Development AG
- Unger Unternehmensgruppe
- UNION Investment Real Estate GmbH
- UniCredit Bank Austria AG
- UNIQA Real Estate
- United Benefits Holding
- value one holding
- WestInvest Gesellschaft für Investmentfonds mbH
- WIENER STÄDTISCHE VERSICHERUNG AG Vienna Insurance Group
- wieninvest Group
Work highlights
- Advised Union Investment Real Estate on the sale of the Space2Move office complex.
- Acted for Euro Real Estate on the acquisition of the City Tower Vienna for over €150m.
- Advised RALT Raiffeisen-Leasing on the acquisition of an 80% share in Center Wien Mitte from UBM Development.
Lawyers

Practice head
The lawyer(s) leading their teams.
Michael Lagler