German fund manager KGAL said that it has acquired the LX2 office project in Vienna on behalf of its newly-established Property Class Austria 7 fund. The property, which will offer 15,500 m[sup]2[/sup] of total surface, is located in the centre of the city, directly across the project from the new Central Station, scheduled for completion in 2012. The total investment volume amounts to EUR 78 mln.
Ares, Coima and MEAG are three investors which have closed multiple acquisitions in the last few weeks.
