Together with the German law firm Noerr, Fellner Wratzfeld & Partner (fwp) has provided the Bavarian Chamber for Social Benefits and Pensions (BVK) with comprehensive legal advice on refinancing as part of the sale of Kaufhaus Tyrol GmbH. The acquirer is a subsidiary of JC Luxemburg Holding SCSp, a consortium headed by Peek & Cloppenburg. Closing took place on 8 August 2025.

Kaufhaus Tyrol GmbH, the owner and operator of one of the leading downtown shopping centres in Innsbruck, has been sold to a subsidiary of JC Luxemburg Holding SCSp. BVK, which acts as legal representative of many social care institutions, including the Bavarian Pension Fund Association and professional pension organisations for physicians, pharmacists, architects, and other professional groups, was involved in the transaction as a lender.

As part of the transaction Liechtenstein-based Horn Grundbesitz GmbH, a subsidiary of JC Luxemburg Holding SCSp, will indirectly take over all shares in Kaufhaus Tyrol GmbH. JC Luxemburg Holding SCSp is part of a consortium headed by Peek & Cloppenburg.

In the past BKV had provided Kaufhaus Tyrol GmbH, a subsidiary of SIGNA Prime Assets GmbH, with funds to finance the acquisition and the development of the building complex. To secure the accounts receivable mortgages were created on the Kaufhaus Tyrol property for the benefit of BVK.

By closing the transaction on 6 August 2025 the outstanding accounts payable by Kaufhaus Tyrol GmbH to BKV will be comprehensively refinanced.

The fwp.TEAM, led by Markus Fellner, acted as legal advisors on Austrian law to the German law firm Noerr and to BVK throughout the transaction process. This included leading the negotiation of the transaction documents and structuring the legal framework for an insolvency-proof and secure repayment of the loan.

The fwp advisory team:

Markus Fellner (fwp partner)

Florian Henöckl (fwp attorney)

Peter Stiegler (fwp attorney)

Valentin Hauke (fwp associate)

Philipp Reisch (fwp associate)