In the "Hasengasse 5-7" project, a residential building complex with a total of 29 condominiums and investor apartments as well as an office with a weighted usable living area of approx. 1,766 m² is being built. The development project is located in a good location in Vienna's 10th district and offers spacious terraces, balconies and garden areas. Characteristic for the development project are carefully selected design means and materials with efficient and flexible apartment typologies, which ensures generous floor plans with optimal space quality. A total of 10 parking spaces will also be created.
The property is surrounded by all important amenities for daily needs and is excellently connected to the public transport network due to its proximity to the Keplerplatz subway station. Also not far from the property is the popular Columbus Center, which encourages strolling with its various stores.
The building permit has been issued and the planning phase is underway. Construction will start shortly and completion is scheduled for the 4th quarter of 2022. The project is characterized by an environment with high development potential as well as very experienced project developers with an excellent network.
The borrower is the registered owner of the property with the address Hasengasse 5-7 in 1100 Vienna. The building consists of two parts, a street wing and a courtyard wing with a total of 29 condominiums and investor apartments as well as a rentable office space. The residential units have a living space of between 30 m² and 105 m² plus open spaces such as balconies, terraces and gardens, as well as 10 parking spaces. The office space has an area of approximately 111 m².
The property has been acquired, the planning phase has been completed and the building permit has already been issued. Construction is scheduled to start in the 2nd quarter of 2021, so in all likelihood construction activities will be completed by the 4th quarter of 2022. The sale of the apartments is planned as a sale to end users after condominium establishment.
During the term, the lender will receive an annual distribution of 6.80%.
The lender will receive its invested capital back after the apartments have been sold. According to the planning, this is to take place after a maximum of 30 months.
Hasengasse 5-7 is in an excellent location ideally connected to the public transportation network. A variety of public transportation options, such as the Keplerplatz subway station or Vienna's main train station, are in the immediate and immediate vicinity. Via the nearby Laxenburger Straße you can reach the Vienna Gürtel in a short time. The city center of Vienna can thus be reached within a few minutes.
More than 30,000 new residential units have been built around the area of the main train station in recent years. The main station has thus had a major impact on Vienna's cityscape. Since the complete opening of the main station in 2015, more than 145,000 passengers travel here every day, which is why it is considered the busiest station in Austria. In addition to long-distance trains to all of Europe, public transport is also seamlessly integrated into the infrastructure of the main station. Both the U1 subway and commuter trains and streetcars come together at this transportation hub. In addition to local and long-distance transportation, the facility also offers a shopping center with more than 20,000m2, which is used not only by travelers and employees in the area, but also by residents and visitors. In the immediate vicinity of the main station, a new urban district has also been created, in which several thousand apartments have been built and many jobs have been created, thanks to the settlement of many large domestic and international companies. Erste Bank, for example, opened its new campus a few years ago right next to the main station and, appropriately enough, the corporate headquarters of the Austrian Federal Railway are now also located at the new main station. The central station has not only created an important transportation hub, but has also had a lasting positive impact on an entire city district.
The shopping street Favoritenstraße is one of the longest in Austria and offers a wide range of different stores. In addition to traditional family businesses and international chains, a wide range of culinary offerings line Favoritenstraße.
Wienerberg City is a district in Favoriten and, along with Donau-City, forms Vienna's largest skyscraper cluster. The former corporate headquarters of Philips Austria was initially built on the site of the former brickworks. Gradually, more skyscrapers were built, so that today it is seen as a city district in its own right. In total, the modern district has approximately 230,000 m2 of total floor space, of which approximately 130,000 m2 is office and retail space. Of the 8 buildings in Wienerberg City, 3 have a height of over 100m. A cinema, a shopping center, a hotel and educational facilities round off the offer.
The Wienerberg recreation area in Vienna is a large green space on former brickyard land on the southern slope of the Wienerberg. It is located in the south of the city, in the 10th district (Favoriten), between Triester Strasse in the west, Raxstrasse in the north, Neilreichgasse in the east and Otto-Probst-Strasse and Friedrich-Adler-Weg in the south. It is one of the areas acquired by the city administration starting in 1955 in a decade-long effort to enable the expansion of the forest and meadow belt to the south and east.
Columbus Center is a small but very fine shopping mall that enjoys great popularity locally. The center on the pedestrian zone Favoritenstraße in the 10th district is characterized by its variety of stores, location and infrastructure. In general, a successful, relaxed shopping experience in a central and lively part of Vienna.
|Development Stage||New Construction|
|Track Record||More than € 250 million developed|
|Existing Bank Financing||Yes|