The project "Wurmsergasse 41" is a revitalization and attic extension of an imposing apartment building in 1150 Vienna. The existing building comprises 23 residential units, whereby 6 residential units will be created in the course of the attic conversion. After completion a total floor space of approx. 1,650 m2 can be realized.
The property is surrounded by all important amenities for daily needs and is also located at the authentic Meiselmarkt. It is only a few minutes' walk to the Johnstraße subway station, which means that the higher-level Westbahnhof transportation hub can be reached in just a few minutes.
The purchase of the property has already taken place, the building permit has already been submitted and the planning of the project is in full swing. The planned start of construction is in the 3rd calendar quarter of 2022, the planned completion in the 2nd calendar quarter of 2024. The project is characterized by an environment with high development potential as well as very experienced project developers with an excellent network.
The borrower is the registered owner of the property with the address Wurmsergasse 41, 1150 in Vienna. In the course of the attic conversion, 6 residential units with a weighted living space of 445m2 plus terraces and balconies will be built.
The acquisition of the property has already taken place, the planning phase is in full swing and the start of construction is the 3rd calendar quarter 2022. All residential units are to be sold individually. It is expected that construction activities will be completed no later than the 2nd calendar quarter of 2024.
During the term, the lender will receive an annual distribution of 7.00%.
The lender will receive its invested capital back after realization of the apartments. According to the planning, this is to take place after a maximum of 24 months.
The 15th district, also known as "Rudolfsheim-Fünfhaus", is located west of the city center of Vienna. In addition to its excellent infrastructure with numerous local suppliers, shopping streets and transport links, the 15th district is especially popular for its proximity to the old town. Mariahilfer Straße with its endless stores, restaurants and cafes is also particularly well known, the outer end of which belongs to the 15th district. Today, the 15th district is an up-and-coming district, centrally located and offering the best infrastructure and necessities for daily needs.
Nothing is worth more than a good location. The project "Wurmsergasse 41" is located within easy reach of the Westbahnhof (West Train Station) and directly at the U3 station Johnstraße, which means that the city center can also be reached in just a few minutes. Shopping opportunities are available at the Meiselmarkt as well as on the nearby shopping paradise of Mariahilfer Straße. For leisure and recreational opportunities, Dadlerpark is the closest on foot, while out of town lies Auer-Welsbach Park with the Technical Museum, which can be reached in a few minutes by car.
The 15th district in Vienna, also known as Rudolfsheim-Fünfhaus, is located to the west of the city center of Vienna and is characterized primarily by its proximity to the city center. The 15th district has an excellent infrastructure with numerous local suppliers, shopping streets and transport links, and the Westbahnhof railway station and the Stadthalle are also located here. In terms of transportation, the Schweglerstraße subway station can be reached in just a few minutes on foot. To the southeast, Vienna Schwechat Airport is a 30-minute drive away, and to the north, numerous recreational areas including vineyards and wine taverns can be reached.
The outermost part of what is probably Vienna's best-known shopping street, Mariahilfer Strasse, is located in the 15th district and serves as a direct connection from the Westbahnhof train station to the city center. As the longest shopping street in Europe, Mariahilfer Straße stretches for almost 4 kilometers, on which many international brand stores can be found and which is also dedicated in sections as a pedestrian zone. The inner Mariahilfer Straße already functioned in former times as a special shopping street of the imperial and royal monarchy. Monarchy and even today it still contains local suppliers. Meanwhile, it has established itself as the center of Vienna's young and hip scene.
The Wiener Stadthalle is the largest event center in Austria and among the leading event locations in Europe. In total, Wiener Stadthalle comprises six event venues and a large sports area including a swimming pool and ice rink. Every year, more than 300 events are held here; from top international acts, the ATP tour stop "Erste Bank Open," to cabaret and musicals, there is something for every taste.
The Westbahnhof is an important transportation hub, from which the Westbahn runs to numerous Austrian provinces and cities. Numerous subway and streetcar lines also stop here. Underground is a shopping center with restaurants, above ground is the Mariahilfer Straße, which runs in front of the station building in a west-east direction and provides a direct connection to the city center.
|Track Record||More than € 250 million developed|
|Existing Bank Financing||Yes|
The Donor Group, a family-owned company based in Vienna, realizes as a project developer and property developer sophisticated and sustainable urban projects in attractive locations in and around Vienna as well as in other selected locations in Austria.
People, long-term partnerships and responsibility guide us in all services of the real estate value chain: site search, land and property acquisition, development, planning, financing, construction and marketing.
Our expertise ranges from complex loft conversions to major urban projects. Our aim is to create buildings that optimally meet the functional and architectural requirements of future users. To this end, we seek and establish long-term partnerships with architects, construction companies, banks, investors and ultimately with the buyers. For us, successful action means bringing all participants in the value chain into a "win/win" situation; responsible action means taking responsibility for construction projects whenever asked.