Negotiations with CEU successfully completed
It is now ensured that the Otto Wagner Site will serve as a university location in the future. With the approval of both the CEU Board and the Vienna City Council, planning and implementation now begins. The university starts operations in 2025.
The building lease agreement with the CEU is concluded and will run for a period of 100 years. It provides for the university to take over the renovation of the buildings in the "core zone” itself. This zone used by the university amounts to one third of the area available. The property is owned by Vienna Business Agency, a fund of the City of Vienna. It was responsible for negotiating with the university on the part of the city. It has already been agreed upon a possible extension of the use of the Otto Wagner Site by the CEU for another 100 years.
Vienna, 24 June 2020