Funded successfully




7% p.a.


36 months

Project type




Notice according to § 12 (2) Vermögensanlagengesetz

This investment involves considerable risk and may result in partial or total loss.

Project Presentation

The "Apostelhof" project is an imposing new construction project in Vienna's 3rd district. The project includes extensive renovation, conversion and extension work on several existing buildings, as well as the extension of an attic floor on an existing building. A total of 64 residential units will be created, as well as 3 commercial units. In the course of the project, approximately 3,275 m² of additional total floor space will be created. The four buildings to be constructed will have different designs, which will give the project its uniqueness.

The property is located in a very good location in Vienna's 3rd district. Local amenities of all kinds are located in the immediate vicinity of the property. Vienna's city center can be reached in just 15 minutes. The project is characterized by an environment with high development potential, as well as very experienced project developers with an excellent network.

The purchase of the property has already taken place. A building permit is available and the construction measures have already taken place in the 1st calendar quarter of 2022. The contracts for the construction measures, as well as the attic addition are available. Completion of the project is scheduled for the 3rd calendar quarter of 2023. Subsequently, the units will be sold individually.

Deal Highlights

Nadland Development Group - long-time partner of Rendity

Nadland Development Group was founded in June 2006. Since its foundation, Nadland Development Group has been engaged in the development and implementation of real estate projects in Vienna. The focus is on the creation of high-quality living space in urban locations. The project developer Nadland Development Group is a long-standing partner of Rendity and has already successfully financed three projects with the help of Rendity investors in recent years. One of these projects with a volume of EUR 500,000 excl. interest has already been repaid to the investors.

Attractive interest rates and short term - 7.00% yield with a term of only 36 months

Investors receive an annual interest rate of 7.00% on their invested capital. The interest is distributed every year. The capital invested is repaid in full to the investors at the end of the maximum term of 36 months.

RENDITY Immediate interest - interest from the 1st day

Investors receive the Rendity immediate interest from the moment they deposit their investment, which is paid out as soon as the subscription period expires. With Rendity Immediate Interest, investors receive interest on their invested capital not only for the term of the loan, but also for the period prior to that. This means that investors receive interest on their investment even during the subscription period. The accrued Rendity Instant Interest is already paid out to the Wallet after the end of the subscription period.

Building permit is already available

After the purchase of the property, the building permit has already been successfully obtained and planning and implementation have begun. Construction has already started in the 1st calendar quarter of 2022. Contracts for the implementation of the construction measures including the refurbishments and the attic storey extension are also in place.

Ideal location in prosperous 3rd Viennese district "Landstraße"

The property is characterized by its ideal location. In less than 6 minutes, residents can walk to the U3 station Kardinal-Nagl-Platz, which means that Vienna's city center can be reached in just a few minutes. The property is located in a unique environment that offers a lot of development potential. The 3rd district is characterized by its diversity. It offers new buildings, old buildings up to noble buildings in the embassy quarter and artistic encounters like the Hundertwasserhaus.

Investment Case

The borrower is the registered owner of the property with the address Apostelgasse 25-27, 1030 Vienna. In the course of the new construction project 64 residential units and 3 commercial units are going to be established. Within the scope of this project, the current total usable area of 3,432m² will be expanded to 6,707m². The contiguous buildings 25-27 currently comprise 3,263m² of land area.

The objective of this issue is to partially redeem the equity used, as well as to finance the reconstruction, the renovation costs and the attic addition. The acquisition of the property has already taken place, the planning phase has been completed and construction has already started in the 1st calendar quarter of 2022. After completion, an individual sale of all units is planned. It is expected that construction activities will be completed no later than the 3rd calendar quarter of 2023.

Annual Distributions:

During the term, the lender will receive an annual distribution of 7.00%.

Short Term:

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 36 months.


Purchase costs
6.000.000 €
Construction costs
7.000.000 €
Incidental building costs
1.300.000 €
Remediation costs
5.100.000 €
Total investment costs
19.400.000 €
Sales revenue (assumption)
24.700.000 €
5.300.000 €

Finance Structure


Welcome to 1030 Vienna

The affluent district of Landstraße, also known as the 3rd district, is home to embassies in elegant palaces as well as the baroque palaces of the Upper and Lower Belvedere, which are connected by a French garden with a picturesque view. In the Upper Belvedere you can admire Klimt's famous painting "The Kiss". At the traffic junction Wien Mitte is the modern shopping center "The Mall". This shopping paradise offers shopping opportunities of all kinds. The Hundertwasserhaus is a colorful residential building named after its builder; his works are on display at the nearby Kunsthaus Wien.

Microlocation Apostelhof

Nothing is worth more than a good location. The "Apostelhof" project is located in the middle of Vienna's 3rd district. In the immediate vicinity is the popular Rochusmarkt, which can be reached on foot in just a few minutes. In less than 6 minutes you can reach the U3 station Kardinal-Nagl-Platz. Thus, shopping facilities of all kinds can be reached in a very short time. All local amenities are easily accessible from the "Apostelhof".

Discover the surroundings

The district of Landstrasse is convincing in its contrasts and offers an attractive local scene around the Rochusmarkt, cultural institutions such as the Kunsthaus Wien, the Rabenhoftheater and the Akademietheater, as well as a green space share of around 15 percent, which is also reflected in the structure of the district. Here one encounters working class neighborhoods as well as elegant embassy quarters, pulsating commercial streets and modern new buildings - an interesting mixture that is well worth a stroll through "den Dritten".

Vienna Ice Skating Club

Vienna and its traditional ice skating club, founded back in 1867, simply belong together and make an unbeatable team during the winter months. Open from October to March, the romantic open-air venue has been attracting tourists and locals alike to the ice for over 150 years. Strictly speaking, people have only been skating on the ice at the current location - between the Hotel Intercontinental and the Konzerthaus - since 1901. Before that, the site of the Vienna Ice Skating Club was in the area of the current Wien Mitte train station. In this unique setting, you can skate laps with your loved ones and then warm up again with a hot punch or mulled wine.

Wien Mitte

With an area of 30,000m² and 50 stores and restaurants, Wien Mitte The Mall is the largest and most modern shopping center in the heart of Vienna. In the immediate vicinity of the Wien Mitte train station, the Stadtpark, the Ring and Stephansplatz, Wien Mitte The Mall is not only excellently accessible by public transport (U3, U4, S-Bahn, streetcar and bus lines) and on foot. Thanks to a parking garage with 470 parking spaces, getting there by car is no problem either. In addition, shopping is possible 7 days a week.


The Rochusmarkt, which is relatively small at around 3,500 m², now comprises 40 market stalls and is one of the most visited markets in Vienna. Customers are offered a small culinary oasis. Next to the market, a shopping mile invites you to stroll. The Rochusmarkt used to be a pure flower market. As early as 1192, an important trade route was located on the site of the Rochusmarkt. At the end of the 18th century, the then Augustinermarkt developed there. In 1988, the current market was designed and rebuilt according to a unified concept.

Belvedere Palace

The Belvedere is not only a magnificent Baroque palace, but also houses one of Austria's most valuable art collections - with major works by Gustav Klimt, Egon Schiele and Oskar Kokoschka. Prince Eugene of Savoy (1663-1736), a successful general and art lover, had the Belvedere Garden Palace built for him by Johann Lukas von Hildebrandt as his summer residence - at that time just outside the city gates. The baroque Gesamtkunstwerk consists of two palaces, the Upper and Lower Belvedere, and today houses Austrian art from the Middle Ages to the present.

Hundertwasser House

The Hundertwasserhaus in Vienna unmistakably bears the signature of artist Friedensreich Hundertwasser, whose civil name was Friedrich Stowasser. The Hundertwasserhaus is one of the most photographed and sought-after houses in Vienna. The exterior facade of the Hundertwasserhaus in Vienna, decorated with many bright colors, magically attracts the eyes. Those who live in the Hundertwasserhaus also have the right to design the facade around the windows according to their own taste. More than 200 trees and shrubs on the balconies and roof terraces make the Hundertwasserhaus a green oasis in the middle of the city. The Hundertwasserhaus can only be visited from the outside. Directly opposite the Hundertwasser House, however, is the Hundertwasser Village, which can be visited. It was created in 1990-1991 from a tire workshop. The artist designed here his only shopping center with a "village square", a bar and numerous stores in the typical Hundertwasser style.



VacancyPartially leased
Development StageRehab
Track RecordMore than € 250 million developed
Asset TypeResidential
Duration18-36 months
Existing Bank FinancingYes
Pre Sales0-9,9%
Rendity Rating are for informational purposes only. Real estate projects may fail. In the worst case, even the total loss of the invested capital can occur. You should therefore only invest funds you can afford to lose. Moreover, funds should be spread across various projects (diversification). Please note the respective documents for each project as well as the Risk Notice.


Nadland Immoinvest GmbH was founded in June 2006 by Yakov Uston and Robert Haimov. Since its foundation, Nadland Immoinvest GmbH has been engaged in the development and implementation of real estate projects in Vienna. The focus is on the creation of high quality living space in urban locations.

Yakov Uston, founder and managing director of Nadland Immoinvest, brings with him more than 20 years of experience in the real estate industry and a comprehensive track record of successfully completed real estate projects. Prior to founding Nadland Immoinvest, Mr. Uston led the fortunes of SL Immo. In the course of SL Immo's activities, Mr. Uston carried out the renovation and realization of several hundred apartments.

Robert Haimov brings decades of experience in the real estate industry in Vienna and has already realised projects worth more than 250 million in the course of his real estate career. In addition to his activities in the real estate industry, Robert Haimov runs a fashion company with numerous "high profile" locations in Vienna's inner city.

The founder and managing director of the consulting and investment company LonVin Partners and MY-REL Immobilien GmbH, Arik Alaev, works with selected real estate funds and family offices as an investment partner. On this basis, LonVin Partners supports Nadland Immoinvest GmbH in the financing and structuring of real estate projects. MY-REL Immobilien GmbH brings further professional expertise to the implementation of the project in question. Arik Alaev is a financial consultant for small and medium-sized companies in Austria and Germany, real estate developer and investor. As founder and managing director of the consulting and investment company LonVin Partners as well as MY-REL Holding GmbH, which holds shares in real estate companies (currently with a total volume of 5 million Euros). He has specialised in the implementation of residential refurbishment and new construction. Previously, he worked as an investment banker at Goldman Sachs in the real estate sector and as an analyst at Citigroup in the area of mergers and acquisitions. He completed his Master in Management in France/Paris.

Nadland Immoinvest GmbH

Nadland Immoinvest GmbH