Project Presentation

The project "Flurstraße 3" is a new construction project in which 2 urban villas with a net living space of approximately 674 m² and a total of 10 residential units with a living area of 63 m² to 87 m² will be built. The development project is located in an excellent location in the municipality of Velden am Wörthersee in the district of Klagenfurt in Carinthia and offers spacious terraces and balconies. An underground garage with 20 parking spaces is also being built.

The property is surrounded by all important amenities of daily needs and is excellently connected due to the proximity to the center of Velden as well as Klagenfurt. The Südautobahn is only a few minutes away by car, which means that Klagenfurt's city center can be reached in about 15 minutes by car. Lake Wörthersee is only a few minutes' walk away.

Construction activities are already underway and work is currently being done on the underground parking garage and the foundation of the outdoor facilities. The completion of the urban villas is planned for spring 2022. Currently, out of 10 condominiums, 8 have already been sold and the contract for the last 2 apartments are pre-contractually secured.

Deal Highlights

85% of the apartments already sold

The start of sales has already begun. Already 8 residential units have been successfully sold and another 2 have been pre-contractually secured.

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 capital invested is repaid to the investors at the end of the term of a maximum of 18 months.

Construction has already begun

Following the purchase of the land, the building permit has already been successfully obtained and planning activities have thus been completed. Construction has already started and completion is scheduled for spring 2022.

Security through liability of the parent company

There is a liability in the form of a hard letter of comfort in the amount of the loan issued by the parent company DSM Holding GmbH.

Residential house according to the most modern standard

A total of 2 exclusive urban villas plus balconies, terraces and private gardens with a net living space totaling 674 m² where much emphasis was placed on a modern, attractive and contemporary architecture. Special attention is paid to the ecologically sustainable construction and the careful use of valuable resources.

Top location with proximity to the lake Wörthersee

Enjoy Lake Wörthersee every morning. In one of the most beautiful places in Austria, the Seeblickperle nestles on Lake Wörthersee and offers those seeking rest and balance a place to feel good. Despite its sought-after location, both the Carinthian capital Klagenfurt and Velden can be reached in a few minutes.

Owner and developer: DSM Holding GmbH

DSM Holding GmbH is a family-run management and investment company based in the center of Velden am Wörthersee in Austria. Several successful real estate projects have been projected, planned, marketed and constructed within the DSM network in recent years. It should be emphasized that the Issuer's projects were all sold before completion.

Investment Case

The borrower is the registered owner of the property with the address Flurstraße 3, 9220 Velden am Wörthersee. A total of two town villas with 10 residential units and a net living space of approx. 674 m² as well as 20 underground parking spaces will be built.

The acquisition of the property has already taken place, the planning phase has been completed and the construction progress is already well advanced. All residential units are to be sold individually, and there is currently a pre-sale rate of 85%. There is already a pre-contractual commitment for the last 2 residential units. It is expected that construction activities will be completed by spring 2022 at the latest.

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 urban villas. According to the planning, this is to take place after a maximum of 18 months.

Financials

Purchase price land
900.000 €
Service charges
300.000 €
Planning costs (architect, statics, etc.)
180.000 €
Construction costs
1.800.000 €
Sales and marketing
160 €
Financing costs
70.000 €
Gesamtinvestitionskosten
3.410.000 €
Total sales revenue (assumption)
4.000.000 €
Total profit
590.000 €

Finance Structure

Location

Discover the surroundings

Velden is located on the western shore of Lake Wörthersee. Due to the short distance of about 25 km, to Klagenfurt, Velden is a popular recreation area for the inhabitants of Klagenfurt. In the summer, however, vacationers also travel from all over Austria, so that about 330,000 overnight stays take place as a result of summer tourism. In addition to its proximity to Klagenfurt, the other tourist resorts around Lake Wörthersee are also easy to reach.

Velden

On the western bay of Lake Wörthersee lies Velden, probably one of the best-known tourist resorts in Austria. Perched directly on the shore of Lake Wörthersee is Velden Castle, which is considered the most famous tourist destination on Lake Wörthersee. The fame of Velden Castle comes from the TV series of the same name "A Castle on Lake Wörthersee" which was broadcast in more than 40 countries. Even today, international movie stars regularly visit Velden Castle for their summer vacations. Velden is nowadays considered a hotspot with a unique lifestyle which is very popular with visitors from home and abroad, with a wide range of top gastronomy, hotels and recreational facilities. This mix of Carinthian down-to-earthness of the Alpine region and great attitude to life is immediately noticeable in Velden. From recreation on the lake and numerous hiking trails to adventure and lifestyle, Velden offers its visitors a wide range of leisure activities. Especially popular are the annual events such as the Fête Blanche, Pink Lake and the music event Starnacht.

Pyramidenkogel

On the south side of Lake Wörthersee at 851 meters above sea level stands the "Pyramidenkogel" observation tower, offering visitors a breathtaking panorama of the entire Wörthersee after climbing 441 steps. Originally constructed in 1950 as a wooden lookout tower, a completely new lookout tower was erected in 2013 and, in addition to two viewing platforms one above the other and an event room at a total height of just under 100 m, also offers Europe's highest slide with a height difference of 52 m.

Lake Wörthersee "At Home on the Lake

At 19.39 km², Lake Wörthersee is the largest lake in Carinthia and, with an average water temperature of 25°C in summer, it is also the warmest Alpine lake. The pleasant bathing temperature is especially popular with summer tourists, as bathing is possible until well into September. A special feature of Lake Wörthersee is its milky-turquoise color, which is created by the lime-rich water and colors the water idyllically, especially in summer. With autumn 2019, the lido in Reifnitz was also rebuilt and modernized for the 2020 bathing season, as the number of visitors increases every year. In addition, the range of water trend sports on offer throughout Lake Wörthersee is growing, which means that additional guests are traveling to Lake Wörthersee, especially for the extended season. In addition to sailing, water skiing and parasailing, new water sports such as wakeboarding are also gaining in popularity and importance on Lake Wörthersee.

Minimundus in Klagenfurt

Klagenfurt can be reached in just a few minutes by car from Reifnitz. The "Minimundus" miniature park is located on a site of over 26,000 m² and exhibits 159 miniature models of well-known buildings, ships and trains from all continents on a scale of 1:25. Originally opened in 1958, more than 15 million people have already visited the park, with the net proceeds of the Minimundus park going to the "Save the Child" charity, which also owns the park. About a third of the models in the park depict significant buildings from Austria, while the majority of models cover the world's most significant landmarks and monuments.

Rating

B
CategoryRatingPoints
LocationSecondary
2
VacancyOccupied
1
Development StageNew Construction
3
Track RecordMore than € 250 million developed
1
Asset TypeResidential
DurationUp to 18 months
1
Existing Bank FinancingYes
Pre Sales>20%
1
Total
9
B
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.

Team

DSM Holding GmbH is a family-run management and investment company based in the center of Velden am Wörthersee in Austria. Several successful real estate projects have been projected, planned, marketed and constructed within the DSM network in recent years. One of the main outstanding features is that all projects were completely sold out before handover to the new owners.

The location, the functionality designed according to the market demand in the housing mix, the appealing architecture and the generous open and green spaces of the constructed properties, made the rapid implementation in terms of their marketing and profitability a success for all market participants.

DSM Holding GmbH