Real Estate & Construction

Legal 500

Real Estate - Tier 2

CHSH Cerha Hempel Spiegelfeld Hlawati’s broad offering includes advice on sales and acquisitions, project developments, financing agreements alongside residential and commercial lease matters. Team head Peter Vcelouch advised Lidl Austria on several real estate development projects and acquisitions, while Manfred Ton assisted IC Development with its sale of the Denk Drei office complex in Vienna to ARE Austrian Real Estate. The ‘sharp-minded’ Mark Krenn is recommended.

Construction - Tier 3

Advice on contractual, contentious and regulatory matters are key elements of CHSH Cerha Hempel Spiegelfeld Hlawati’s practice which is led by Peter Vcelouch. He recently assisted Vienna International Airport with a number of construction law matters including various planning and construction contracts alongside contentious work, and, in a similar matter, advised SES Spar European Shopping Centre on engineering, planning and construction contracts.

Chambers & Partners - Real estate (Band 3)

What the team is known for Comprehensive real estate and construction team, regularly advising on sizeable real estate developments. Handles property and land plot acquisitions, lease agreements and management contracts. Assists with construction contracts and related disputes. Frequently engaged in cross-border projects involving the CEE region. Additional expertise advising international funds, both open-end and closed-end, on real estate transactions.

Work highlights Advised Universal-investment on its share deal acquisition of micro-apartment real estate asset Linked Living from Corestate.

Assisted KGAL Group with retail park acquisitions for its portfolio of retail parks floated for institutional investors.

Notable practitioners

Head of department Peter Vcelouch is best known for his work on construction matters, including contracting and claims management, as well as construction litigation and arbitration proceedings. He acted for Lidl on several of its development projects for new shop locations. Clients say: "He offers construction advice at a very good level."

Mark Krenn heads the firm's CEE-wide real estate team and is frequently seen advising on cross-border transactions in the region. He assisted CA Immo with the EUR175 million acquisition of the Millennium Towers office complex in Budapest. Sources describe him as "very knowledgeable."

Manfred Ton has experience in domestic and cross-border acquisitions of residential, retail and office space. He recently acted for Austrian developer IC Projektentwicklung on the sale of the Denk Drei office complex in the new urban quarter Viertel Zwei Plus.


  • The Legal 500 2018: Europe, Middle East & Africa 
  • IFLR 1000  2018 - The Guide to the World's Leading Financial Law Firms 
  • Chambers & Partners 2018, Chambers Europe - Europe's Leading Lawyers for Business