Project Presentation

The property "Attemsgasse 8" is part of the Remise Kagran and the extensive urban development project "Zentrum Kagran" which was initiated by the City of Vienna in 2011 and is largely in the planning phase. In the course of the development, the Remise is to be expanded on a large scale and covered with a large-volume residential building. The property "Attemsgasse 8" with a site area of 1,472m² represents an integral part of the project "Remise". The development project is scheduled to be completed in its entirety by 2026. The building permit for the project and the rezoning for the property is expected for spring 2022, whereby a refinancing of the invested capital is foreseeable due to the large increase in value of the property. In the course of the overall project, a gross floor area of approx. 8,970m² is attributable to the property Attemsgasse 8, which will lead to forecast sales proceeds of € 66,378,000.

The goal of the Center Kagrans is the development of a high-quality district center, as well as a multifunctional district, by combining housing and functionality. Attemsgasse 8, as part of the Remise Kagran, is being developed and realized by HART + HART Bauträger.

Currently, the tendering process for further properties is still in full swing. The general building permit is expected in spring 2022. Completion of the extensive development project is expected in 2026.

Deal Highlights

Urban development Remise Kagran

Remise Kagran is part of the so-called "Zentrum Kagran" plan of Vienna. In 2011, this was chosen as a target area for urban development. The aim is to build a multifunctional and high-quality urban district in the long term. Among other things, the expansion and attraction of green and open spaces are planned. In addition, pedestrian and bicycle paths are to be extended and public space upgraded by the City of Vienna.

Long-term partner and experienced developer - HART + HART

The project developer HART + HART has already financed the project Josef-Ruston-Gasse 28 with the help of Rendity investors. This has already been repaid to the investors with a volume of EUR 750,000. The HART + HART real estate group is a family business from Vienna with tradition. We secure your money. HART + HART develops real estate for home seekers and investors. Investors from four continents place their trust in HART + HART. Behind this are 15 years of experience and the expertise of our specialists.

Attractive interest rates and short term - 6.50% yield at 18 months maturity

Investors receive an annual interest rate of 6.50% on their invested capital. The interest is distributed to the investors every year. The invested capital is paid back to the investors at the end of the term of maximum 18 months.

Donaustadt as the fastest growing district in Vienna

Donaustadt is Vienna's fastest-growing district. Since 1951, the number of inhabitants has multiplied from 53,000 to almost 200,000. Since hardly any new but urgently needed living space can be developed due to the lack of space in the inner city, new neighborhoods are being built in the outer districts. After Seestadt Aspern and Vienna Twenty Two, the Remise Kagran is a new major real estate project in the 22nd district.

High economic development potential

In the course of the project development, living space for thousands of residents will be created. The densely populated district of Donaustadt urgently needs new and affordable housing. The value of the property has increased significantly since the purchase. As soon as the building permit is released by the City of Vienna in spring 2022, the developer expects a multiplication of the property value.

Investment Case

The borrower is the registered owner of the property with the address Attemsgasse 8, 1220 Vienna. As part of the Remise Kagran, the property is part of a large urban development project that is currently in the final contract award and building permit process. In the course of the overall project, a usable gross floor area of approx. 8,970m² is allotted to the property Attemsagasse 8.

The property has been acquired, the planning phase is underway and the building permit is expected in spring 2022.

Annual distributions:

During the term, the lender will receive an annual distribution of 6.50%.

Short Term:

The lender will receive its invested capital back after completion of the project. According to the planning, this is to take place after a maximum of 18 months.


Purchase price land incl. additional costs
22.425.000 €
Construction costs
23.546.250 €
Financing costs
3.727.035 €
Planning costs & fees
4.121.715 €
Total investment costs
53.820.000 €
Sales revenue
66.378.000 €
12.558.000 €

Finance Structure


Discover the surrounding area

The 22nd district in Vienna, also known as "Vienna Danube City," is home to a variety of leisure and recreational areas. Particular hotspots of the district include the Alte Donau, the area around Donau-City and the Seestadt Aspern. Many residents especially appreciate the family-friendly and quiet residential areas of the 22nd district with enough space for family and sports activities.

Danube Center

Built in 2009, Donauzentrum is a shopping center in Vienna's 22nd district and is within walking distance of Erzherzog-Karl-Strasse. Covering an area of approximately 225,000 m², it houses over 250 commercial, gastronomic and entertainment establishments, making the Donauzentrum (together with the adjoining Donau Plex) the largest shopping center in Vienna. The Donauzentrum is characterized by its extensive shopping offer and is also home to a cinema and numerous restaurants. The shopping center can be easily reached by car and also by public transport - the U1 and various bus and streetcar lines stop directly in front of it.

Erste Bank Arena - Home of the Vienna Capitals

Erste Bank Arena is an ice sports arena in the Austrian capital Vienna. The rink is located in the Kagran district of Donaustadt, Vienna's 22nd district. Until its renaming in 2018, the ice rink was named after the former district head (1981 to 1993) Albert Schultz. In addition to ice hockey, the rink is primarily used for public and school ice skating as well as curling. The ice sports facility originally included a large ice arena that could accommodate 4,500 spectators, a small ice rink, an outdoor ice rink and a bowling alley. In 2011, the facility was remodeled and expanded. Since then, Hall 1 has held 7,000 spectators. A third ice rink was also built to accommodate 1,000 people. While Hall 1 is primarily dedicated to ice hockey, Halls 2 and 3 host public ice skating as well as school and kindergarten ice skating.

Shopping Center North

The Shopping-Center Nord - also known as SCN in Vienna and the surrounding area - is a shopping center with 36,000 m² of floor space and various stores for daily needs. It is currently undergoing renovation work to better meet the needs of tomorrow's shoppers.


Donaupark is an approximately 604,000 m² park in Vienna's 22nd district Donaustadt. Donaupark is conveniently located between Wagramer Strasse, the Bruckhaufen housing estate, Arbeiterstrandbadstrasse and Hubertusdamm. Directly adjacent to the Danube Park, which originally extended to Wagramer Strasse, are the UNO City with the Vienna International Centre and the Austria Center Vienna, and to the south of it the Danube City and the Copa Cagrana with the Danube Island to the New Danube. To the north, the Danube Park is bordered by the bathing beaches along the Old Danube.

Vienna International Center

The Vienna International Centre (VIC), also known as UNO-City, is one of four headquarters of the United Nations, along with New York, Geneva and Nairobi. The UN City serves as the location for many organizations of the UN family that promote peace, human rights and sustainable development in a variety of ways. Its goal is to ensure the peaceful use of nuclear technology and outer space, put an end to nuclear testing, halt poverty, and curb the global impact of drugs, crime, and terrorism. The UN City can be visited on multilingual guided tours. Tour highlights usually include a visit to a meeting room and exhibits, such as a piece of a real moon rock. Visitors interested in art have the opportunity to view original works by renowned artists on Wednesdays at 3:30 pm. The collection ranges from Friedensreich Hundertwasser to Hermann Nitsch.


Development StageNew Construction
Track RecordMore than € 250 million developed
Asset TypeResidential
DurationUp to 18 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.


We're doing living. We secure your money. HART & HART develops real estate for people looking for housing and investors. Investors from four continents place their trust in us. More than 1000 satisfied customers recommend us because they are satisfied with their own home. This is backed by 15 years of experience and the expertise of our specialists.

We offer all services and full service from a single source: From the first consultation to the turnkey residential property, we take responsibility. High quality and absolute reliability are the cornerstones of our success. We build your residential or retirement property at a fixed price without risk and commission.

Owner-managed family business

The company is personally and responsibly managed by the owner José Hart. 15 years of experience as a property developer have given him not only extensive expertise as a consultant, but also his good reputation as a man with handshake quality. From the very beginning, he followed the principle of not seeking short-term profit optimization, but rather to focus on long-term success with quality and reliability. 234 completed projects and more than 1000 satisfied customers confirm his path: "We build on trust!

Overall responsibility without risks

We offer the entire range of services necessary on the way to your own property from one source. A contact person will accompany you from the first consultation to the handing over of the keys, or even further on to the management and letting. We take care of the financing, the land register, have all legal matters under control, regulate official matters, supervise all procedures on the construction site. Together with our customers we find the optimal balance between costs, wishes and possibilities. Comprehensive expertise and strict quality control allow us to offer the property and the route to it as a complete package and to take responsibility for ensuring that everything works perfectly.

Solid quality in every detail

Because we think long-term and live on the recommendation of our satisfied customers, high quality is our basic principle. We choose good locations, work together with architects, only build solidly and with high-quality materials. We pay attention to even the smallest details: How thick is the wear layer of the parquet? Are the atrium and basement windows dimensioned so far above the norm that they really let in enough light? Is the kitchen equipped with reliable appliances from quality brands? In order to be able to guarantee our high quality standards in all areas, we only work with companies that have earned our trust over many years.

Hart & Hart Bauträger GmbH