The project "Blechturmgasse 33" is an extensive revitalisation and general refurbishment of the property including an attic extension in the middle of the 5th district, close to all important amenities of daily life and at the same time surrounded by sufficient local recreation areas and recreational areas. After completion of the construction work, a total of 4 newly constructed exclusive attic apartments and 13 completely renovated or revitalised old apartments in the regular storeys of Blechturmgasse 33 will be offered for sale.
A total of 2,160 m² of weighted usable floor space including open spaces such as balconies and terraces will be built. The residential units will be built with a special focus on contemporary and comfortable construction methods. Particular attention will be paid to the use of high-quality materials.
For the purpose of partial financing, WINEGG Realitäten GmbH intends to take up qualified subordinated loans of a maximum of € 1,000,000.
The borrower is the land registry owner of the property EZ 2135 KG 01008 Margareten in Blechturmgasse 33, 1050 Vienna. A total of 4 residential units on the new top floor and 13 residential units on the standard floor with a living space of between 58 m² and 107 m² plus open spaces such as terraces and balconies will be built or completely refurbished. 9 residential units will remain in the old stock due to the existing stock ratio. The property has already been acquired, the planning phase has been completed and construction work is in full swing and will be completed by the end of 2019. The sale of the newly created and revitalised apartments at market prices will start in the second quarter of 2019.
During the term, the lender will receive an annual distribution of 5.25%.
The lender receives its invested capital back after the sale of the apartments. According to the plan, this is to take place after 24 months.
The 5th district, also known as "Margareten", is located in the heart of Vienna. In addition to its excellent infrastructure with numerous local suppliers, shopping streets and transport connections, the fifth district is a district of colourful hustle and bustle amidst its coffee house classics and new modern restaurants. With the "Naschmarkt", this is home to the largest and probably most famous market in the city centre with its special flair of market stalls and international locations.
The 5th district of Vienna experienced a special upswing also because of its immediate vicinity to the new central station. In recent years, not only the most modern and largest railway station in Austria has been built here, but also large-scale urban development areas such as the Sonnwendviertel and the Belvedere quarter. Under the efforts of local and international real estate developers and urban policy, housing for tens of thousands of people has been created here and large companies and corporations have settled here.
Margareten is the district where culture and architecture meet Viennese charm. Already Bruno Kreisky, Falco and Hans Moser have lived here and it is no wonder, because hardly any other district embodies the versatility of Vienna as much as the 5th district. Blechturmgasse 33 is located in the middle of one of the most beautiful residential areas of the 5th district. Both traffic connections, the underground station Hauptbahnhof can be reached in 5 minutes on foot, and the local supply leaves nothing to be desired by the residents. Especially the proximity to the Naschmarkt, the culinary Mecca of Vienna, makes gourmet hearts beat faster.
Originally built by Prince Eugene at the beginning of the 18th century, the Belvedere today houses an extensive garden and a museum of art. The sloping hillside location of the garden was taken as an occasion to dedicate the sculptures on display to the theme of the ascent from the underworld to Mount Olympus, which introduces visitors to Greek mythology. Directly next to the Belvedere, the botanical garden of the University of Vienna, which is open to the public, invites visitors to relax. In the Upper Belvedere, which today offers rooms for artistic and historical insights into historical Austria, the State Treaty of Austria was signed in 1955.
After the unsuccessful attempt to use the Palais Schönburg commercially as a hotel, the palace was completely renovated a few years ago. Especially the architecture and the extensive garden made the Palais, which was built at the beginning of the 18th century by the architect Johann Lukas von Hildebrandt, popular as an event location. Today the baroque jewel shines through its proximity to the centre, surrounded by its magnificent park.
The Naschmarkt is considered the largest inner city market in Vienna. The Viennese Naschmarkt owes its special flair to its mixture of market stalls and pubs, which join together in a snake shape in the middle of the left and right Wienzeile. The Naschmarkt is a well-known Viennese sight and from a culinary point of view it is an essential part of any sightseeing tour.
More than 30,000 new residential units have been built around the area of the central station in recent years. The central station has thus had a strong influence on the cityscape of Vienna. Since the complete opening of the central station in 2015, more than 145,000 passengers have been travelling here daily, making it the most frequented station in Austria. In addition to long-distance trains to all of Europe, local public transport is also seamlessly integrated into the infrastructure of the central station. Both the U1 underground and the S-Bahn and tram lines converge at this transport hub. In addition to local and long-distance traffic, the complex also offers a shopping centre with more than 20,000m².
Tucked away in the historical core of the 5th district, and less than 2 minutes' walk from Margaretenplatz, is the Schlossquadrat, a building complex with a history that goes back to the 14th century. Today the former estate invites you to enjoy and linger. You can quickly escape the hustle and bustle of the city here, through the idyllic Schanigärten of the Schlossquadrat, with a rich selection of culinary delights.
|Track Record||More than € 250 million developed|
|Existing Bank Financing||Yes|
WINEGG stands for architecture, aesthetics, quality, solidity, sustainability and safety. The company thinks long-term and designs top-class quality properties in the best locations, so that future generations can leave more behind.
WINEGG Realitäten GmbH was founded in Vienna in 1998. Since then, the company has made a name for itself as a forward-looking investor, developer and quality-conscious property developer that is widely respected. The company's vision: to keep an eye on reality and yet plan for the long term. So that future generations can also build their lives on a secure foundation.
From the very beginning, one of the company's specialities has been increasing the value of old buildings. Good substance and best location are the selection criteria.
Today, WINEGG has also gained a top position in the field of revitalizing old buildings, loft conversions & new building development. And has extended its commitment not only to Vienna and Austria but also to Germany (including Berlin, Leipzig & Dresden): Numerous properties, both in the area of old building development and in the area of new housing developments, have already been successfully completed.