Project Presentation

The project "Kagraner Platz 24A" is a new construction project with a total of 24 residential units with a total weighted floor space of approximately 1,431m². The new building project is located in a central location in Vienna. The apartments are all equipped to a high standard and have terraces.

The property is surrounded by all major amenities of t glichen needs and is located only 8 minutes walk from the subway station Kagraner Platz (U1). The stop of the express train as well as the stops of the bus lines 22A, 24A, as well as the streetcar line 26 are only 1 minute on foot away. The U1 takes you comfortably and directly to the city center and in only 13 minutes to the traffic junction Praterstern.

The project is being realized by VMF Capital Invest, which has already successfully obtained the building permit after purchasing the land. Construction will already start in the 2nd quarter of 2022 and the planning has already been completed. The project is characterized by an environment with high development potential and a very experienced project developer with an excellent network.

Deal Highlights

Building permit is already available

After the purchase of the property, the building permit has already been successfully obtained and the planning has already been completed. The start of construction will begin shortly.

Long-time partner and experienced developer - VMF Capital Invest

The project developer VMF Capital Invest has already financed 11 successful projects with the help of Rendity investors. Of these, four projects with a volume of EUR 2,800,000 have already been repaid to the investors. VMF Immo Group is a family business from Brunn am Gebirge / Lower Austria with tradition. Over the past years, the Voithofer family with the company VMF Immobilien has earned a reputation as a partner in real estate projects with handshake quality. Several successfully completed projects as well as a network of long-standing, renowned partners and companies speak for continuity as well as trust.

Attractive interest rates - 6.50% yield with a term of 24 months

Investors receive an annual interest rate of 6.50% on their invested capital. The interest is distributed to the investors every year. The invested capital is paid back to the investors at the end of the term of maximum 24 months.

RENDITY Immediate 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. The Rendity Instant Interest allows investors to 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.

Optimal use of space & high quality equipment

The residential building in 1220 Vienna is a project of 24 apartments with a weighted living area of 1,431 m2. Characteristic of the project are carefully selected design means and materials with efficient and flexible apartment typologies, which ensures generous floor plans with optimal spatial quality.

Ideally connected location in 1220 Vienna

The 22nd district covers almost a quarter of the total area of Vienna's municipal territory and is characterized by its comprehensive appearance. In addition to numerous green spaces and recreational areas, which account for almost 50% of the total area of the 22nd district, there are numerous large housing estates and individual houses, such as the Donau City district, which is characterized by office and high-rise residential quarters.

Investment Case

The borrower is the registered owner of the property with the address Kagraner Platz 24A, 1220 Vienna. The project consists of a total of 24 units, with a weighted residential floor area of approximately 1,431m² plus open spaces such as roof terraces, terraces and gardens.

The property has been acquired, the planning phase has been completed and the building permit has already been issued. Construction will start shortly. Upon completion of the project, an individual or global sale of the property is planned. Construction will start in the 2nd quarter of 2022 and is expected to be completed by the 1st quarter of 2024.

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 project. According to the planning, this is to take place after a maximum of 24 months.

Financials

Purchase price land incl. additional costs
3.000.000 €
Site development
92.000 €
Construction Cost
3.805.000 €
Additional Cost
508.000 €
Financing Cost
349.000 €
Total investment costs
7.754.000 €
Sales revenue
9.137.000 €
Profit
1.383.000 €

Finance Structure

Location

Welcome to 1220

The 22nd district, also known as "Donaustadt", is located east of the city center of Vienna and is Vienna's most populous district. The 22nd district covers almost a quarter of the total area of Vienna's municipal territory and is characterized by its comprehensive appearance. In addition to numerous green spaces and recreational areas, which account for almost 50% of the total area of the 22nd district, there are numerous large housing estates and individual houses, such as the Donau City district, which is characterized by office and residential high-rise districts.

Historically, the 22nd district was created in its current form in 1954. Over time, many housing estates developed there, in 1979, for example, the exterritorial area of the UN was created and in recent years, the office towers of the "DC Towers" opened there, of which Tower 1 is so far the tallest building in Austria. Today, the 22nd district is an up-and-coming part of the city, including good infrastructural connections, many recreational areas such as the old Danube and the urban district of Donaucity, which is dominated by office buildings and is very easy to reach by subway lines 1 and 2. Vienna's largest shopping center, the Donauzentrum, located in the 22nd district, is also particularly well known, with its endless rows of stores, restaurants and cafes.

Discover the surrounding area

The 22nd district in Vienna "Wien Donaustadt", is home to diverse leisure and recreational areas. Particular hotspots of the district include the Alte Donau, the area around Donau-City and Seestadt Aspern. Many residents especially appreciate the family-friendly and quiet residential areas of the 22nd district, with plenty of space for family and sports activities.

UNO City

The Vienna International Centre - more commonly known as "UNO City" - is one of the three official headquarters of the United Nations (UN). Built between 1973 and 1979 according to the plans of Austrian architect Johann Staber, UNO City has become a major economic factor for Vienna. In addition to the approximately 5,000 employees of the UN and its sub-organizations who live here permanently, the regular and numerous conferences have generated a considerable number of tourists. UNO City can generally be seen as the forerunner of the urban development of Danube City; a rather rural area on the outskirts of the city at the time to a metropolitan and international district of Vienna.

Danube Center

Built in 2009, Donauzentrum is a shopping center in Vienna's 22nd district and is located within walking distance of Erzherzog-Karl-Strasse. More than 250 business, gastronomy and entertainment establishments are located on an area of approximately 225,000 m², making the Donauzentrum (together with the adjoining Donauplex) the largest shopping center in Vienna. The Donauzentrum is characterized by its extensive shopping offer and is also home to a cinema and numerous restaurants. The shopping center can be easily reached by car and also by public transport - the U1 and various bus and streetcar lines stop directly in front of it.

Donaupark

Donaupark is an approximately 604,000 m² park in Vienna's 22nd district Donaustadt. Donaupark is conveniently located between Wagramer Strasse, the Bruckhaufen housing estate, Arbeiterstrandbadstrasse and Hubertusdamm. Directly adjacent to the Danube Park, which originally extended to Wagramer Strasse, are the UNO City with the Vienna International Centre and the Austria Center Vienna, and to the south of it the Danube City and the Copa Cagrana with the Danube Island to the New Danube. To the north, the Danube Park is bordered by the bathing beaches along the Old Danube.

Danube Island

The 21-kilometer-long Danube Island is not only the most popular recreation area for the Viennese, but also an unforgettable experience for visitors to Vienna. The Danube Island can be reached from the city center in just a few minutes on the U1 and U6 subway lines. An extensive network of paths invites sports enthusiasts to go hiking, jogging, cycling and skating. Water fun is promised by bathing bays with shallow beaches as well as wild bathing areas, a water slide, a surf school, a water ski lift and a boat rental.

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

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