Project Presentation

The urban development project "Naturnahes Wohnen Gerasdorf" is a housing estate with a total of 35 terraced houses and two apartment blocks with a total of 41 apartments in Gerasdorf, near the city limits of Vienna. The construction plan is divided into three sections, after which the terraced houses are to be built in the first stage. The living space of the terraced houses amounts to a total of 4,767m² plus open spaces and balconies. In addition, 71 parking spaces will be allocated to the townhouses. The aim of this crowdinvesting campaign is to partially redeem the invested capital for the first phase.

The development project will become a landmark in the area. It is impressive in terms of architecture, social amenities (meeting and communication zone), functional floor plan solutions and residential character. The proximity to the historical center of the village, to stores for daily needs, to educational institutions (elementary school, new middle school, kindergarten) and recreational facilities (e.g. golf club, riding club, swimming ponds, tennis courts) are a plus.

The project is characterized by an environment with high development potential, as well as a very experienced project developer with an excellent network.

Deal Highlights

Project developer and experienced builder - GCA Wohnbau

The team of structural engineers, draftsmen, planners and architects stands for contemporary architecture and implementation of this philosophy in all planning phases. This enables the developer to successfully realize its own projects in-house, from the procurement of land to the development and implementation of new creative living concepts and sales.

Attractive interest rates - 6.75% yield with a term of 36 months

Investors receive an annual interest rate of 6.75% 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 36 months.

CO2 - neutral housing project according to the most modern standard

A total of 41 exclusive condominiums and investor apartments plus balconies, terraces, gardens and as well as 35 terraced houses with a weighted living area of approximately 4,767 m². where much emphasis was placed on a modern, appealing and contemporary architecture. Special attention is paid to the ecologically - sustainable construction and the careful use of valuable resources.

Building permit is already available

Following the purchase of the property, the building permit has already been successfully obtained and planning activities have thus been completed. Construction will start in the fall of 2021.

Rendity instant interest - interest from the 1st day

Investors receive the Rendity Immediate Interest as soon as they deposit their investment, which is paid out as soon as the subscription period expires. With Rendity Immediate Interest, investors receive interest on their invested capital not only for the term of the loan, but also for the period prior to that. Thus, investors receive interest on their investment even during the subscription period. The accrued Rendity Instant Interest is already paid out to the Wallet after the end of the subscription period.

Green and at the same time urban location in Gerasdorf near Vienna

With the motto "Become a city - stay a village!", the city of Gerasdorf near Vienna makes it even clearer: Gerasdorf still looks a bit village-like in some parts of town. Nevertheless, thanks to the G3 shopping resort, numerous sports facilities, the music school, as well as quite a few stores, the population is offered almost all the important possibilities of a modern city.

Investment Case

The borrower is the registered owner of the properties with the addresses Franz Hinterleitner Gasse 13-17, Franz Hinterleitner Gasse 7-11, Erwin Schrammel Gasse 6-10 and Erwin Schrammel Gasse 12-16 in 2201 Gerasdorf. The urban development project consists of two interconnected building sections with a total of 41 residential units as well as 35 terraced houses plus open spaces and balconies. The construction plan is divided into three sections, after which the terraced houses will be built in the first step.

The living space of the terraced houses amounts to a total of 4,767m² plus open spaces and balconies. In addition, 71 parking spaces will be allocated to the townhouses. The goal of this crowdinvesting campaign is to partially redeem the invested capital for the first phase. The acquisition of the real estate has taken place, the planning phase has been completed and the building permit for the terraced houses has already been obtained. Construction will start shortly.

Annual distributions:

During the term, the lender will receive an annual distribution of 6.75%.

Short term:

The lender will receive its invested capital back after realization of the individual units. According to the planning, this is to take place after a maximum of 36 months.

Financials

Purchase price land
4.347.322 €
Service charges
429.530 €
Development & connection costs
206.560 €
Construction costs terraced houses
11.464.757 €
Fees
1.689.783 €
Other costs
203.651 €
Reserve
252.640 €
Financing costs
1.243.509 €
Distribution costs
1.162.248 €
Total investment costs
21.000.000 €
Sales revenue (assumption)
24.213.426 €
Profit
3.213.426 €

Finance Structure

Location

Discover the surroundings

The motto "Become a city - stay a village!" is further emphasized by the town of Gerasdorf near Vienna: Gerasdorf still looks quite village-like in some parts of town, while the population offers almost all the important facilities of a modern city, thanks to the G3 Shopping Resort, numerous sports facilities and music school, as well as numerous stores, among other things. Gerasdorf borders several other municipalities, including Vienna, Wolkersdorf, Deutsch-Wagram, Pillichsdorf and Hagenbrunn! Parts of Gerasdorf are also home to the Marchfeld Canal, which is an artificially created canal or river in Lower Austria and Vienna.

Marchfeld

The Marchfeld, located between the two capitals of Vienna and Bratislava, is one of the largest plains in Austria with some hidden charms. Wide fields, rolling hills and the Danube floodplains are characteristic of the landscape. In the south, the Marchfeld is bordered by the Danube. The region thus has the largest share in the Danube Floodplains National Park. The eastern border (with Slovakia) is formed by the Morava River, the northern one by the Northern Railway and the western one by the trans-Danubian districts of Vienna (Floridsdorf and the Danube City). The Marchfeld Canal (shown in the city coat of arms) cuts through the urban area of Gerasdorf over a length of about 5 km.

G3 Shopping Center

The G3 Shopping Resort in Gerasdorf is considered the fifth largest shopping center in Austria and is located in the municipality of Gerasdorf bei Wien (industrial area Seyring) near Hagenbrunn! The name G3 is said to come from G for Gerasdorf and 3 for the 3 components of the shopping center: retail park, shopping center and Hornbach! Owner is the ECE Projektmanagement Austria GmbH! In the G3 you can find between 140 and 180 different stores on about 70 000 m²! The G3 is not only for people from Gerasdorf - a shuttle bus takes Viennese from Floridsdorf train station directly to the G3. The G3 opened on October 18 in 2012 and has around 4000 parking spaces and 2000 workplaces (G3 and surrounding area).

Gerasdorf Bathing Pond

The Gerasdorf bathing pond was built between 1989 and 1992, and the construction of the sanitary facilities also took place in the course of this construction. In 2002 the canteen was built and since 2005 there are the bathing jetties. The bathing pond has a water surface of approx. 25,000 m².

Hospital Vienna North

Krankenhaus Nord - also known as Klinik Floridsdorf - was built on a former ÖBB site and opened for test operations in early April 2019. Full operations will start in summer 2019 and, according to current plans, will have a capacity for up to 40,000 inpatient admissions, 250,000 outpatient frequencies and around 16,000 surgical procedures with its 800 beds. It will occupy a central location in Vienna's hospital landscape.

Rating

B
CategoryRatingPoints
LocationPrimary
1
VacancyVacant
3
Development StageNew Construction
3
Track RecordMore than € 250 million developed
1
Asset TypeResidential
Duration18-36 months
2
Existing Bank FinancingYes
Pre Sales>20%
1
Total
11
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

GCA Wohnbau is a renowned real estate developer in Austria with many years of experience and numerous successfully implemented projects.

Great importance is attached to flexibility in all forms. Only through joint consideration are habitable floor plans found and can the materials used freely unfold their effects. Well thought-out, mature planning as well as qualitatively most fastidious conversion of all details, have the highest value with GCA living. Similarly, cost-conscious construction is the strength of the projects.

The team of structural engineers, draftsmen, planners and architects stands for contemporary architecture and implementation of this philosophy in all planning phases. This enables the developer to successfully realize its own projects in-house, from the procurement of land to the development and implementation of new creative living concepts and sales.

GCA Wohnbau