Notice according to § 12 (2) VermögensanlagengesetzThis investment involves considerable risk and may result in partial or total loss.
In the project "Jedlersdorferstraße 341", a residential complex with a total of 9 privately financed owner-occupied apartments with a weighted living space of 544 m² is being built. The new building project in Floridsdorf, Vienna's greenest district, offers generous living space as well as terraces and balconies.
Thanks to the good connections, Vienna's city centre can be reached within a few minutes by public transport or by car. The 21st district in Vienna is a popular residential area and is the district with the third largest population in Vienna. However, with 3,408 inhabitants/km², Floridsdorf is in the lower quarter in terms of population density, which is why it is also one of the districts with the largest green spaces. This provides ample space for redensification and the creation of additional living space.
The purchase financing of the project is already secured by debt and equity capital, so that the realization can take place immediately. The planning phase has been completed and the building permit has already been issued. Construction is scheduled to begin in May 2020 and completion is scheduled for summer 2021. The current schedule already takes into account the current circumstances (COVID-19) and there have only been marginal delays so far. The construction activities can be carried out as planned, as the legal minimum distance between construction workers is being observed.
For the purpose of partial financing, Jedlersdorferstraße 341 Projekt GmbH intends to take up qualified subordinated loans of a maximum of € 300,000.
The borrower is the land registry owner of the property with the address Jedlersdorferstraße 341 in 1210 Vienna. A total of 9 residential units with a weighted floor space of approximately 544 m² will be realised. The properties have been acquired, the planning phase has been completed and the building permit has already been issued. Construction is scheduled to start in May 2020. It is expected that construction work will be completed by summer 2021.
During the term, the lender will receive an annual distribution of 6.50%.
The lender will get back its invested capital after the sale of the apartments. According to the plan, this is to take place after 18 months.
The 21st district or also called "Floridsdorf" is a district in the north of Vienna and borders in the south and east on the district Donaustadt and in the west on the Danube. About 158,712 inhabitants live on a size of 44.52 km², which makes Floridsdorf the most populous district after Favoriten and Donaustadt. Floridsdorf, the 21st district of Vienna, is appreciated by its inhabitants because of its good accessibility to the city centre as well as its proximity to local recreation areas, such as the Danube Island and the Old Danube. Despite its large population, Floridsdorf is located in the lower quarter of Vienna in terms of population density. This means that Floridsdorf still has room for redensification and the creation of affordable housing.
Jedlersdorferstraße 341 is located at the edge of Vienna's 21st district of Floridsdorf and is well developed. The Brünner Straße, which is only a few minutes' walk away, offers several tram lines that connect the residents with the city centre of Vienna as well as the popular local recreation areas such as the Alte Donau or the Donaupark. Thanks to its location in a residential area, all the amenities of daily life can be reached quickly, which means that at this location one can enjoy both recreation through green spaces and local recreation areas and the advantages of a quiet district with extensive social, educational, cultural and sports facilities as well as various possibilities for local supply. Local suppliers are also in the immediate vicinity: supermarkets, pharmacies and banks can be reached in just a few minutes. By car or bus, you can reach SCN with a variety of shops in just a few minutes.
The Krankenhaus Nord - also known as Klinik Floridsdorf - was built on the site of a former ÖBB (Austrian Federal Railways) and opened for test operation at the beginning of April 2019. Full operation will start in the summer of 2019 and, according to current plans, its 800 beds will have a capacity for up to 40,000 inpatient admissions, 250,000 outpatient frequencies and around 16,000 surgical procedures. It will occupy a central location in the Vienna hospital landscape.
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.
The Shopping City Nord - also known as SCN in Vienna and the surrounding area - is a shopping centre with 36,000 m² of floor space and various shops for daily needs. It is currently undergoing renovation work to better meet the needs of tomorrow's shoppers.
The Donaupark is a park of around 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, are the UNO-City with the Vienna International Centre and the Austria Center Vienna, to the south of which is the Danube City and finally 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.
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.
|Development Stage||New Construction|
|Track Record||€50-249 million developed|
|Duration||Up to 18 months|
|Existing Bank Financing||Yes|
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