Notice according to § 12 (2) VermögensanlagengesetzThis investment involves considerable risk and may result in partial or total loss.
The project "Brosamergasse 12" is a new building project in the midst of the 22nd district's wonderful green area, close to all important amenities for daily needs and at the same time surrounded by sufficient nature and recreational areas.
This project consists of 5 contiguous terraced houses including the respective car parking space for subsequent sale. A total of 562.78 m² usable floor space and open spaces such as roof terraces, patios and gardens with a size of 348.63 m² will be built. The residential units will be built with a special focus on contemporary and comfortable construction. Special attention is paid to the use of high-quality materials.
ELAD Immobilien GmbH intends to take up qualified subordinated loans with a maximum amount of €375,000 for the purpose of partially refinancing the equity capital used.
The borrower is the land registry owner of the property EZ 5436 KG 01654, Brosamergasse 12, 1220 Vienna. A total of 5 connected terraced houses with a living space between 101m² and 111m² on 3 floors each plus open spaces such as roof terraces, terraces and gardens are being built. The property has already been acquired and planning activities are in full swing. The aim is to sell the row houses individually at market prices.
During the term, the lender will receive an annual distribution of 6.75%.
The lender will get back his invested capital after the sale of the apartments. According to planning, this is to take place after 18 months.
The 22nd district in Vienna, also known as "Wien Donaustadt", is home to a variety of leisure and recreation areas. Special hotspots of the district are the Alte Donau, the area around Donau-City and the lakeside town of Aspern. Many residents especially appreciate the family-friendly and quiet residential areas of the 22nd district with sufficient space for families and sports activities. The Urban Lakeside Aspern is located in the immediate vicinity of Brosamergasse, where the new building project is to be realised.
Brosamergasse is a small alley in the centre of a residential area with almost exclusively single-family houses and very little traffic on the eastern outskirts of Vienna. The immediate proximity to the large urban development area Seestadt Aspern means that in Brosamergasse one can enjoy both the peace and security of a still rural housing estate and the amenities of a modern district with extensive social, educational, cultural and sports facilities as well as various possibilities for local supply. The connection to the public transport network is excellent through bus lines, the two underground stations in the north and south of the Urban Lakeside as well as the newly built Aspern Nord station with a rapid transit station. The U2 underground line, for example, takes about 20 minutes to get directly to the city centre. A walk to the south takes you to the Lobau, the famous Danube floodplain, forest and recreation area with the national park.
The Urban Lakeside Aspern in the 22nd district of Vienna is one of the largest urban development projects in Europe. Over the next few years, the district will be home to over 20,000 people who will live and work here. In the middle of the Urban Lakeside is the artificial lake that gives the district its name and serves as a recreational area for residents. According to the urban planning concept, 15,000 new office workplaces will be created in addition to the more than 10,000 apartments. Four parks and green spaces are available to the residents of the Urban Lakeside to ensure a high quality of life. For the cityscape, huge and anonymous blocks of buildings are avoided; instead, differently designed townhouses are being built. The focal points of the housing model are: Climate friendliness, affordability, social sustainability, functional mix and architectural diversity.
The Donaupark is a park of around 604,000 m² in the 22nd district of Vienna Donaustadt. The Donaupark is conveniently located between Wagramer Strasse, the Bruckhaufen housing estate, Arbeiterstrandbadstrasse and Hubertusdamm. Directly adjacent to the Donaupark, which originally reached as far as Wagramer Strasse, is the UNO-City with the Vienna International Centre and the Austria Center Vienna, to the south of which is the Danube City and then the Copa Cagrana with the Danube Island to the New Danube. In the north, the Danube Park is bordered by the beach resorts along the Old Danube.
The Alte Donau is an oxbow lake of the Danube in Vienna. It is located northeast of the New Danube, which accompanies the Danube's main stream, but has no direct connection with it or with the Danube itself. The Old Danube is a leisure and bathing area close to the city centre, which can be reached by underground. Several very popular public lidos can be found along the banks, including the most famous one, the Goose Pond. The Old Danube is ideal for water-related leisure activities and on summer days is often used for windsurfing and boating. Along the Old Danube you will find a large number of sailing schools and boat rentals.
|Development Stage||New Construction|
|Track Record||€50-249 million developed|
|Duration||Up to 18 months|
|Existing Bank Financing||No|
ELAD Immobilien GmbH was founded in April 2018. Managing director of ELAD Immobilien is Asher Davidov, a successful entrepreneur in the fields of gastronomy and real estate in Vienna. Among other things, he manages 5 successful restaurant businesses in inner-city locations as well as a catering company. Among them are the Tewa at Karmelitermarkt, the Weinschenke at Karmelitermarkt & Siebensternplatz, the newly opened Café Drechsler and the Pizzeria Randale. In recent years, Mr. Asher Davidov and his team have successfully implemented real estate projects. Today they include a package of 18 apartments in the portfolio, a self-contained apartment house with approx. 1,450m² as well as the current renovation or extension of an apartment house with 1,400m² in the 5th district. The next project is the row house project in the 22nd district in Brosamergasse.
MY-REL Immobilien GmbH, managed by Arik Alaev, is a shareholder of ELAD and contributes further professional expertise to the implementation of this project. Arik Alaev is a financial consultant for small and medium-sized companies in Austria and Germany, real estate developer and investor. He is founder and managing director of the consulting and investment company LonVin Partners as well as of MY-REL Holding GmbH, which holds shares in real estate companies (currently with a total volume of 5 million Euros). He specialises 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 Masters in Management in France/Paris.
Artur Babadschanov is the responsible project manager for Brosamergasse and has many years of experience in the real estate segment. After several years as a real estate agent for residential real estate in the Vienna area, Mr. Babadschanov started in 2010 in the field of development and implementation of residential and commercial real estate and is managing director of ARBA Real Estate Investment GmbH, which is responsible for the project development of the project in Brosamergasse. So far, under the management of Mr. Babadschanov, about 7,000 m² of residential space have already been successfully developed.