Funded successfully

Apostelgasse 25-27

Vienna

Return

7% p.a.

Duration

36 months

Project type

Growth

Distribution

Yearly

Notice according to § 12 (2) Vermögensanlagengesetz

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

Project Presentation

With our 100th project "Apostelhof" we present a particularly impressive apartment building in 1030 Vienna. It is a revitalization and expansion with four wings (street wing, studio building, commercial and residential building and new construction project) which after completion has a usable area of about 6,700m ². The aim of this crowdfunding campaign is to partially finance the street wing and the courtyard wing with an area of 3,330m². These two tracts contain 37 units of which two commercial premises with an area of 566m² are attributable. Currently, three residential units and one business premises are rented at market rates. In a further step, the new building and the attic are to be partially financed in phase 2.

The property is surrounded by all important amenities for daily needs and is excellently connected to the transport network due to its proximity to the Landstraße (individual traffic), subway station Kardinal-Nagl-Platz (U3). The nearby U3 subway station connects the property directly with Wien-Mitte-Landstraße, which offers many other transport connections.

The project is being realized by the Nadland Development Group, which has already successfully obtained the building permit after successfully purchasing the land. Construction will start shortly and the planning has already been completed. The project is characterized by an environment with high development potential as well as very experienced project developers with an excellent network.

Deal Highlights

Nadland Development Group - long-time partner of Rendity

Nadland Development Group was founded in June 2006 by Yakov Uston and Robert Haimov. Since its establishment, Nadland has been engaged in the development and implementation of real estate projects in Vienna. The focus is on the creation of high quality housing in urban locations. The project developer Nadland Development Group is a long-standing partner of Rendity and has already successfully financed 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 - 7.00% yield with a term of 36 months

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

Building permit is already available

After the purchase of the property, the building permit has already been successfully obtained and planning has begun. The start of construction will begin shortly.

Security through liability of the managing partners

There is a liability in the form of a letter of comfort in the amount of the loan, issued by the managing partners Yakov Uston and Robert Haimov.

Apartment house renovation and attic addition with exclusive residential units

In total, the existing property has 13 residential units. In addition to this, the attic will be developed with four exclusive residential units, creating an additional net living space of 285m². Special attention is paid to the ecologically sustainable construction and the careful use of valuable resources.

Central location in 1030 Vienna with plenty of local recreational opportunities

From a traffic point of view, Apostelgasse 25-27 is optimally connected. The subway station and the Wien Mitte train station as well as the ever-popular Rochus Markt are only a few minutes' walk away. The Prater Hauptallee and Vienna's city center are also just a few minutes away.an.

Investment Case

The borrower is the registered owner of the property with the address Apostelgasse 25-27, 1030 in Vienna. The building consists of four interconnected building parts with a total of 67 residential units, a street wing, studio building, commercial and residential building and new construction project with a weighted residential floor space of 6,700m². In addition, 26 parking spaces will be built in the basement.

The goal of this crowdinvesting campaign is to partially finance the street wing as well as the courtyard wing with a total area of 3,330m². These two tracts contain 37 units of which two commercial premises with an area of 566m² are attributable. Currently, three residential units and one business premises are rented at market rates. The property has been acquired, the planning phase has been completed and the building permit has already been issued. Construction will start shortly. The sale of the apartments is planned after the establishment of condominium ownership as a sale to end users.

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 the apartments are sold. According to the planning, this is to take place after a maximum of 36 months.

Financials

Purchase price property incl. additional costs
8.350.000 €
Architect & Fees
930.000 €
Construction costs
8.828.504 €
Value added tax
1.765.700 €
Financing costs
650.000 €
Other costs
249.796 €
Total investment costs
20.774.000 €
Sales revenue (assumption)
24.711.420 €
Profit
3.937.420 €

Finance Structure

Location

Microlocation Apostelgasse

Nothing is worth more than a good location. The "Apostehof" project is located in the immediate vicinity of the two subway stations Schlachthausgasse and Kardinal-Nagl-Platz (both U3), which means that the city center can be reached in just under 10 minutes. The extensive recreational area of the Vienna Prater offers countless opportunities to escape the hustle and bustle of the city. The Rochus Markt, not far from Apostelgasse, offers residents of Vienna's 3rd district a culinary variety with hip eateries and beautiful stalls on weekends.

Discover the surrounding area

The affluent Landstrasse neighborhood, also known as Vienna's 3rd district, is home to embassies in elegant palaces, as well as the baroque palaces of the Upper and Lower Belvedere, connected by a French garden with picturesque views. In the Upper Belvedere you can see Klimt's famous painting "The Kiss". At the traffic junction Wien Mitte is the chic shopping center The Mall. The Hundertwasserhaus is a colorful home named after its builder; his works are on display at the nearby Kunst Haus Wien.

Vienna Ice Skating Club

Vienna and its traditional ice skating club, founded as early as 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 to the ice for over 150 years. Strictly speaking, skating on the ice at the current location - between the Hotel Intercontinental and the Konzerthaus - has only been taking place since 1901. Before that, the area of the Vienna Ice Skating Club was located in the vicinity 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 - The Mall

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 easy to reach by public transport (U3, U4, S1, S2, S3, S7, O, 74A) and on foot; thanks to its own parking garage with 470 parking spaces, getting there by car is no problem either. Plus: shopping 7 days a week.

Rochusmarkt

With around 3,500 square meters, the relatively small Rochusmarkt 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 (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 real name was Friedrich Stowasser. The exterior façade of the Hundertwasserhaus in Vienna, which is decorated with many bright colors, almost magically attracts the eye. 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.

location-APO_25_27_Map_Tooltips_1_86f20c10cf

Rating

B
CategoryRatingPoints
LocationPrimary
1
VacancyPartially leased
2
Development StageRehab
2
Track RecordMore than € 250 million developed
1
Asset TypeResidential
Duration18-36 months
2
Existing Bank FinancingYes
Pre Sales>20%
1
Total
9
B
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.

Team

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