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13 February 2012

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Further Viennese office price drop to spark renewed buying interest this year - CPB

Viennese office market prices should moderate further this year, prompting renewed national and international buying interest, particularly from private investors, after a decline in investment activity last year, according to CPB, one of the leading local realtors. CPB MD Michael Ehlmaier told a news conference that in 2009, German funds and private Austrian investors are likely to set the tone, particularly office property. Listed companies will likely try to cut their portfolios.

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