CB Richard Ellis Strategic Partners Europe Fund III, a pan European fund managed by CB Richard Ellis Investors, announced the acquisition of a property company holding a site in Vienna and plans to build an office development program.
The site is located in the Gasometer area of Vienna, 5 km south-east of the city centre. A building permit reflecting a design by architect firm Soyka Silber Soyka has been granted and the site is ready for immediate development. The project will be delivered towards the end of 2010. The new building will represent a total area of around 41,300 m