It is an office building investment with an option to convert it into a hotel.
The property was built in 1972.
The project involves the redevelopment of the building into a modern hotel.
A preliminary building permit was obtained in 2012.
The building will be extended to 15–16 floors.
The hotel will have up to 416 rooms and 170 parking places.
Estimated costs of €15 million.
The property is located 10 km from the city center and 15 km from the airport.