In the project "Esslinger Hauptstrasse 41", two apartment buildings are being built in an exclusive construction method with a total of 21 privately financed freehold flats between 44 m² and 120 m² with a weighted residential floor space including open spaces of 1,482 m². The residents of the building have 8 car parking spaces in the basement, as well as a pram storage room and bicycle storage area.
Special emphasis was placed on sustainable construction and well thought-out floor plans. During the planning stage, residential units for a wide range of target groups were created and the room layout was adapted to a wide variety of living situations. The residential units are implemented with special consideration of contemporary and comfortable construction methods.
For the purpose of partial financing, Essling41 Projektentwicklung, Verwertung und Beteiligungs 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 with the address Esslinger Hauptstraße 41 in 1220 Vienna. A total of 21 residential units with a weighted usable residential area including open spaces of 1,482 sqm will be realised. The properties have already been acquired, the planning phase has been completed and construction is already in full swing. Sales of the apartments have already started and construction activities are expected to be completed by summer 2021.
During the term of the loan, the lender will receive an annual distribution of 7.00%.
The lender will get back its invested capital after the sale of the apartments. According to the plan, this is to take place after 24 months.
The 22nd district, also called "Donaustadt", is located east of the city centre of Vienna and is Vienna's most populous district. The 22nd district covers almost a quarter of the total area of the Vienna municipal territory and is characterized by its comprehensive appearance. In addition to numerous green spaces and local recreation areas, which make up almost 50% of the total area of the 22nd District, there are numerous large housing estates and detached houses, such as the Donau City district, which is characterised by office and high-rise residential areas.
Historically, the 22nd District was created in its present form in 1954. Over the years, many housing estates have developed there, for example, the extraterritorial area of the UNO was created in 1979 and in recent years the office towers of the "DC-Towers" have opened there, of which Tower 1 is the highest building in Austria to date. Today, the 22nd district is an up-and-coming urban district with good infrastructural connections, many local recreation areas such as the old Danube and the urban district of Donaucity, which is characterised by office buildings and can be easily reached by underground lines 1 and 2. Vienna's largest shopping centre, Donaucity, located in the 22nd district, is also particularly well-known, with its endless shops, restaurants and cafés.
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 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 residential building 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 beach resorts 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 is often used for windsurfing and boating on summer days. Along the Old Danube you will find a large number of sailing schools and boat rentals.
|Development Stage||New Construction|
|Track Record||More than € 250 million developed|
|Existing Bank Financing||Yes|