Already refunded




6.25% p.a.


30 months

Project type




Notice according to § 12 (2) Vermögensanlagengesetz

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

Project Presentation

The 'Franziska-Fast-Gasse' project is a development property in 1220 Vienna, with a total area of 2,660 m². Within the next 30 months the project is to be made ready for construction and then sold to a property developer. According to current planning, it is expected that 36 residential units with a total living space of 2,527 sqm and a weighted total usable space of 2,717 sqm can be built on the property.

The size of the efficiently cut residential units is between 47 and 110 m². In addition, there are many terraces of up to 15 m² and private garden areas of up to 208 m² for all ground floor apartments. In addition, a children's playground, 84 bicycle parking spaces and the construction of an underground garage with 25 parking spaces are planned. The project is located in the middle of the 22nd district's magnificent green area and is close to all the important amenities of daily life, while at the same time being surrounded by sufficient nature and recreational areas.


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.

Discover the surroundings

In the north-east of Vienna's city centre, where the Danube floodplains with the Lobau Nature Park begin, the Aspern Residenz is located between a natural idyll and the new city. Also 'The Urban Lakeside of Vienna' - one of the largest urban development areas in Europe - is growing here. If you appreciate space and freedom, urbanity and nature, you are in the right place.

The 22nd district of Vienna is a popular local recreation area. Not without reason: the parallel Danube Island has much to offer and is easy to reach. Swimming, ice-skating, cycling and walking - depending on the season, all of these activities are available here every day. The nearby Alte Donau with its calm waters, nostalgic boathouses and rowing clubs is also an incomparable treasure. So is the Lobau, which attracts the Viennese with its variety of plants and species, the numerous hiking trails and secluded bays. If you need a cultivated and colourful change in between, visit the Hirschstetten flower gardens. One must know: Aspern belongs to the important Danube city centres and also to the oldest settlement areas of Vienna. It was first mentioned in a document in 1258. Contrary to that time, today, one is very well connected to the city centre of Vienna that is located on the other side of the Danube. With the bus line 26A, the U2 or the U1, one can get to the centre in less than 30 minutes. On Groß-Enzersdorfer-Straße you will find local suppliers, various supermarkets, a drugstore and a tobacconist's. The neighbouring Paradiesgartl Neue Lobau - an oasis of greenery on the corner of Saltenstraße and Heustadelgasse - functions as a leisure garden for residents and a habitat for various wild animal and plant species.

Seestadt Aspern

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 about 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.

Alte Donau

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 Alte Donau is an important recreational and bathing area, which is close to the city centre thanks to the underground. Several very popular public lidos can be found along the banks, including the most famous of them, the Goose Pond. The Old Danube is ideal for water-related recreational 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.


In summer, the residents of the apartment building benefit from its proximity to the artificially raised Danube island, as it is not only part of the flood protection, but also one of the most important local recreation areas of Vienna and Klosterneuburg. It is an artificial island up to 250 m wide between the Danube and the New Danube and has a lot to offer for people, animals and plants. The Danube Island is a popular cycling route and is also ideal for water-related leisure activities and offers Viennese people their own water ski lift. Several very popular public lidos can be found along the banks, including the most famous of them, the Goose Pile. Along the old Danube, there are also a number of sailing schools and boat rentals. The dammed part of the Danube is used extensively by the Viennese in summer for cooling off. In addition to the cool water, the Copa Cagrana with its countless restaurants offers enough possibilities to get your money's worth in culinary terms, too.



With a young but nevertheless experienced and motivated team, the ALVARIUM Group has already been active in the real estate industry for almost eight years, with the management looking back on 15 years of experience in the real estate and financial sector. In addition to the areas of Sales/Agency, responsible for purchasing and sales, and Capital, responsible for the release of capital through the handling of sale & rent back transactions and joint ventures, ALVARIUM has mainly concentrated on the development of real estate in two areas which form the Investment division:

  • The development of projects, mainly residential projects in the early stages, i.e. at most until the building permit is obtained. This includes the search and purchase of suitable land and projects as well as the preparation for construction including planning, dedications and project concepts.
  • The development of apartment buildings including the planning of extensions.

In addition to its own team, ALVARIUM is supported by a network of strategic partners or service providers with whom it has long-standing relationships. In all areas, ALVARIUM always acts as a partner for property developers and not as a competitor: Projects and properties are optimally prepared and prepared for further development or implementation by the most varied property developers through ALVARIUM's pre-development services. This allows property developers to concentrate on their core competence - the construction of living space. ALVARIUM is the ideal partner for property developers when it comes to the search for plots of land, the preparation of plans and concepts, the financing of projects right through to the distribution and sale of the projects.

Alvarea Investment  GmbH

Alvarea Investment GmbH