Funded successfully

Hawelgasse 17

Vienna

Return

8.25% p.a.

Duration

18 months

Project type

Growth

Distribution

Yearly

Notice according to § 12 (2) Vermögensanlagengesetz

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

Project Presentation

The "Hawelgasse 17" project is an imposing new construction project in Vienna's 18th district. A total of 18 modern residential units are being built in this sustainable real estate project. The developer attaches great importance to sustainability. Not only the attractive location between the Pötzleinsdorf Palace Park and the Türkenschanz Park, but also the high-quality construction are convincing. The total size of the property will be around 1,564 m² after completion.

The purchase agreement has already been concluded and the Issuer is already the owner of the property. The plot of land of the property comprises 1,581 m². Residential use accounts for 100% of the units. The start of construction has taken place in the 2nd calendar quarter of 2022 and completion is scheduled for the 1st calendar quarter of 2024. A building permit has been granted. Contracts for the construction measures are also in place. All units will be sold individually. **Four units have already been successfully sold.

The property is ideally located in 1180 Vienna. Local amenities of all kinds are in the immediate vicinity. The good infrastructure means that Vienna city centre can be reached in 30 minutes.

Deal Highlights

Long-standing partner and experienced property developer - VMF Immo Group

The project developer Entwicklung Hawelgasse 17 Immo GmbH is a project company of the successful VMF Immo Group. The long-standing partner has already financed 14 successful projects with the help of Rendity investors. Of these, seven projects with a volume of EUR 4,500,000 have already been repaid to the investors.

Attractive interest rates and short term - 8.25 % yield with a term of only 18 months

Investors receive an annual interest rate of 8.25% on their invested capital. The interest is distributed every year. The invested capital is fully repaid to the investors at the end of the short term of a maximum of 18 months.

Start of construction Q2 2022 & end of construction Q1 2024; 4 Units already sold

The Issuer is already the owner of the property and the building permit and the contracts for the implementation of the construction measures have been obtained. The construction work started in the second calendar quarter of 2022 and is scheduled for completion in the first calendar quarter of 2024. A building permit has been issued. Contracts for the construction measures are also available. Also, 4 units have already been sold.

Great attention to sustainability

In this sustainable new construction project, it is not only the high-quality construction that is impressive, but also the sustainable heating system with a geothermal brine pump. The residential units can be heated in winter via underfloor heating and pleasantly cooled in summer. All residential units are equipped with split air-conditioning units. The hot water is prepared by means of geothermal heat.

RENDITY Immediate Interest - Interest from Day 1

Investors receive the Rendity Immediate Interest from the moment they deposit their investment, which is paid out after the end of the subscription period. With the Rendity Immediate Interest, investors not only receive interest on their invested capital for the term of the loan, but also for the period before. This means that investors also receive interest on their investment during the subscription period. The accrued Rendity Instant Interest is already paid out to the Wallet after the end of the subscription period.

Investment Case

The borrower is the registered owner of the property with the address Hawelgasse 17, 1180 Vienna. In the course of the new construction project, 17 impressive residential units will be built, with a total usable floor space of 1,564 m². The property includes the plot with a surface area of 1,581 m². Of the residential floor space, 100% is planned for residential use.

The aim of this issue is to partially redeem the equity invested and to finance the construction measures for the new building of the real estate project. Subsequently, an individual sale of all units is planned. The start of the construction measures has taken place in the 2nd calendar quarter of 2022 and completion is planned for the 1st calendar quarter of 2024. A building permit has been issued. Contracts for the construction measures are also in place.

Annual distributions:

During the term, the lender will receive an annual distribution of 8.25%.

Short term:

The lender will receive its invested capital back after realisation of the flats. According to the planning, this is to take place after a maximum of 18 months.

Financials

Acquisition costs
8.614.200 €
Construction costs
7.820.000 €
Financing costs
187.000 €
Planning costs
340.800 €
Total investment costs
16.962.000 €
Sales Revenue (assumption)
20.072.000 €
Profit
3.110.000 €

Finance Structure

Location

Welcome to 1180 Vienna

Währing is one of the most sought-after and also most expensive residential areas in Vienna. Demand has been consistently high for years - regardless of whether in convenient locations such as the popular Kutschkermarkt or in quiet green areas such as Währinger Cottage or near Türkenschanzpark. Overall, there is little new construction activity here. Instead, old buildings are being renovated and extended with modern and high-quality attics.

Währing brings young and old together - this family-oriented atmosphere and the good connections to the inner districts make the 18th district interesting for everyone. They also appreciate the generous green spaces (27 percent of the total area of the district), such as those offered by the Türkenschanzpark or the Pötzleinsdorfer Schlosspark. The Kutschkermarkt is considered the pulsating heart of the district. Its history dates back to 1885. With its diverse market stalls and gastronomic offerings, today it is one of the last street markets in Vienna. While a considerable number of Wilhelminian style houses can still be found near the Gürtel, the so-called "cottage quarter" developed in the interior of Währing around 1873 in imitation of the English architecture of that time. Today, this upmarket area is home to many members of the upper middle class.

Hawelgasse micro-location

Nothing is worth more than a good location. The "Hawelgasse 17" project is located in one of the most exclusive residential areas in Vienna. Not only the attractive location, but also the high-quality construction is convincing in this project. The good public transport connections mean that you can reach Vienna city centre in just 30 minutes.

Discover the surroundings

Nothing is worth more than a good location. The "Hawelgasse 17" project is in an ideal green location between Pötzleinsdorf Castle Park and Türkenschanz Park.

Pötzleinsdorf Palace Park

The Pötzleinsdorf Palace Park covers an area of around 354,000 m², which can be discovered by children, adults and sports enthusiasts. The park is suitable for a variety of activities such as sports, games and recreation. The park offers great meadows, such as the Schafbergwiese. The meadow is perfect for enjoying the view of Vienna. The castle can only be admired from a distance, as it is now largely separated from the park. There is also plenty on offer for children. In the 2,000 m² animal enclosure, children and adults can meet spectacled sheep and dwarf goats.

Türkenschanzpark

In the middle of Vienna and yet in a wonderful natural setting is the Türkenschanzpark in the 18th district. It is the place to go for those who long for some peace and quiet while walking or simply lingering, but also for those in search of sporting activities in the open air. The name of the park comes from the second Turkish siege in the 17th century. There are numerous monuments to discover and the large ponds and extensive meadows are particularly beautiful when the last rays of the day's sun wink through the leaves and bathe everything in a rich gold, or they are adorned with a layer of hoarfrost in winter. If you still want to treat yourself to some culinary delights, you can stop off at the Meierei-Diglas right in the park, for example.

Kutschkermarkt

The history of the market in the 18th district goes back to 1885 and got its name from Archbishop Johann Rudolf Kutschker, who is known for his commitment to civil rights and peace. In the last 15 years, the Kutschkermarkt has experienced an upswing, which is mainly thanks to the local people. With a lot of commitment and love, they have revitalised the joint project "Grätzl und Markt". This has created a meeting place for different generations and cultures, a colourful, communicative oasis where country meets city and delights of all kinds come together. On Friday and Saturday, the market will also be extended further up the street with the regional assortment of the farmers' market. Everything from cereals, fruit and vegetables to organic meat and fish is on offer and there is a lively hustle and bustle. The best thing to do is to stroll through the market without a plan and let yourself be guided by your own tastes.

Schafbergbad

A visit to the Schafbergbad in the 18th district guarantees cooling off and lots of water fun. With a whopping 102 metres, the slide there is also considered the longest slide in the city. The queue of people waiting can sometimes reach all the way to the bottom. But we promise: The queue is worth it and you shouldn't miss out on the slide fun. Apart from that, the Schafbergbad is absolutely recommendable, spoils you with a view over the whole of Vienna, a large sunbathing area, shady spots and is extremely chilled out. You can check the homepage to see if there is still Corona capacity on the sunbathing lawns for the day in question.

Vienna General Hospital

The Vienna General Hospital is one of the largest hospitals in Europe and the largest in Austria. It has over 2,000 beds and employs almost 10,000 people, about one sixth of them doctors. Every year, half a million patients are treated in the wards and 397 outpatient clinics. The AKH is an important pillar of Vienna's health care system. In addition, it is the seat of the Medical University of Vienna and serves as a training hospital for 7,500 students. Due to the large flow of people and the number of workplaces, the Vienna General Hospital represents a special feature for the surrounding residential real estate market.

location-Hawel_10a859c3f4

Rating

A
CategoryRatingPoints
Evaluation of the locationPrimary
1
Vacancy>10% sold
1
Project stageMaturity phase
1
Track record of the real estate partner>100 Mio. €
1
Asset classResidential
Bank FinancingYes
Financing structure<60%
1
SecurityYes
Total
5
A
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

VMF Immo Group is a family business from Brunn am Gebirge / Lower Austria with tradition. Over the past few years, the Voithofer family has earned a reputation as a partner in real estate projects with handshake quality through VMF Immobilien. Several successfully completed projects and a network of long-standing, renowned partners and companies speak for continuity and trust.

"We attach great importance to high-quality architecture in the best locations. Modernity and functionality are the main focus. We accompany all our construction projects from the planning stage through the construction phase to the turnkey handover".

VMF Immobilien GmbH

VMF Immobilien GmbH