Skip to main content

High Tech Campus & Tech Park

Vienna, Austria
  • Acquisition Type:
    Sale & leaseback (Philips)
  • Acquisition Date:
    2007
  • Status:
    Current
  • Project:
    2 business parks, 1 office complex
  • Building Age:
    1971-1994
  • Size:
    105,515 sq.m.
  • Asset Class:
    Industrial/Production/Logistics/Office
Highlights
  • Sale and leaseback of 50% of space on 2 manufacturing campuses
  • Extensive ongoing improvement program, resulting in ca. €20 million of investment since acquisition
  • Lease up and sale of office complex to institutional investor
  • Occupancy increased from 60% to current 98%
  • Number of tenants increased from 15 to 85
  • Rebranding and implementation of “Start Up campus” and Flex-Office Concept, which is consistently 100% occupied