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.
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.
During the term, the lender will receive an annual distribution of 6.50%.
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.
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.
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.
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.
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 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.
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.
|Development Stage||New Construction|
|Track Record||More than € 250 million developed|
|Existing Bank Financing||Yes|
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".