Urban development contracts fuel private real estate investments in Vienna

Real Estate & Construction

Dr. Martin Foerster, ILO Newsletter vom 27. Mai 2016

In an effort to alleviate the pressure on the real estate market, the Vienna City Council recently amended the Building Code. This amendment authorises the city, among other things, to conclude urban development contracts as a means of expediting private investment in real estate projects. Since the amendment entered into force, the city has concluded several contracts with real estate owners.


Martin

Dr. Martin Foerster

LL.M. (LONDON) Partner
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