Vienna, 31 July 2026: Fellner Wratzfeld & Partner Rechtsanwälte (fwp) is advising HYPO NOE Landesbank für Niederösterreich und Wien AG, as the financing bank, on the successful sale of the property at Reschgasse 20 in Vienna-Meidling to Revetas Capital as part of a multi-phase, structured sales process.

Revetas Capital acquired the property as part of an off-market transaction, marking the first investment by the newly established DACH residential property platform ‘Pearl’. The existing office and commercial building has a usable floor area of around 6,400 m² and is to be converted into approximately 90 owner-occupied flats on the basis of a building permit that has already been granted. In addition, retail and catering spaces are planned for the ground floor. Completion is scheduled for 2028.
fwp advised HYPO NOE throughout the entire transaction process at the interface between restructuring, banking and property law.

The advice covered, in particular, the bank’s structuring of the use of the purchase price, the coordination of the repayment of the existing financing, and the fulfilment of the requirements for the release of the property from encumbrances as part of the fiduciary settlement.

“This transaction demonstrates how, through close coordination between the financing bank, the seller and the investor, even complex property sales in a restructuring context can be reliably executed and existing projects put to sustainable new use. We are delighted to have supported HYPO NOE in the development and execution of this transaction,” explains fwp partner Markus Fellner.

The fwp advisory team was led by Markus Fellner (Partner; Restructuring & Insolvency, Banking Law) and comprised Elisabeth Fischer-Schwarz (lawyer) and Mark Timar (associate).