Already refunded

Laendyard

Vienna

Return

3% p.a.

Duration

60 months

Project type

Income

Distribution

Quarterly

Notice according to § 12 (2) Vermögensanlagengesetz

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

Project Presentation

In the Laendyard project, around 500 owner-occupied and rented apartments with 30,000 m² of usable floor space, 1,400 m² of commercial space and 300 parking spaces are being built at Erdberger Lände 26 near Haidingergasse. The apartments are between 37 and 150 m² in size and have a loggia, balcony and terrace. Construction has already begun, and completion is scheduled for spring 2018. The heart of the project is the centrally located village square with many green spaces and a carefully thought-out mix of local suppliers, restaurants and parking spaces for food trucks.

The Laendyard benefits from its proximity to local recreation areas. The property is located directly on the Danube Canal and the Prater is only a few minutes away via the Erdberg footbridge on the doorstep. The U3 underground station Rochusgasse is also just a few minutes' walk away and the cycle path network around the Laendyard is excellent.

Deal Highlights

Laendyard

The Laendyard in Vienna's third district is one of the most highly regarded new building projects in Vienna. A total of 500 apartments will be created here, which will be connected and harmonized by a consistent concept. The heart of this concept is a village square in the middle of the urban centre. What at first sounds contradictory, in reality combines the advantages of urban and rural life. The village square consists of a 1,500 m² open space and a commercial area of almost the same size for local suppliers and restaurants. Through attractively designed green spaces and water features, a place of meeting and communication for the new residents of the Laendyard is to be created here.

Good inner-city location

Due to its location directly on the Erdberger Lände, both the city and the airport can be reached in just a few minutes; the underground (U3) is a 5-minute walk away. The location is also ideal for cyclists at the junction of two supraregional cycle paths. The Grüner Prater is only a stone's throw away thanks to a pedestrian and bicycle bridge in front of the building across the Lände.

Easy to rent due to impressive room layout and equipment

According to Statistics Austria, about two million people will live in Vienna in 2023. In 2015 alone, Vienna will have grown by almost 45,000 people. In addition, demographic changes are causing almost half of all households to be inhabited by singles. These developments increase the demand for affordable housing. The housing package consists of four two-room flats of about 40 m², each with separate bathroom and toilet. Due to their size and equipment, the apartments are ideally suited for rental.

Design and implementation of the Laendyard project by leading real estate companies

The JP Immobilien Group is one of the largest private residential developers in the inner city area of the Vienna real estate market. The main areas of activity can be divided into five business segments in a simplified manner: Investment, Development/Construction, Marketing, Property Management and provider of real estate investment products. These areas have essentially formed the successful pillars of the JP Immobilien Group for 20 years. CA Immo is the specialist for office properties in Central European capitals. The company covers the entire value chain in the commercial property sector: letting and management as well as project development with a high level of in-house construction expertise. Founded in 1987, the company is listed on the ATX of the Vienna Stock Exchange and has property assets of around € 3.5 bn in Germany (44%), Austria (19%) and Eastern Europe (37%). Porr AG is a listed construction group based in Vienna and is one of the largest construction companies in Austria and one of the leading in Europe.

Current rental income + appreciation

During the term of the investment, investors receive an annual interest rate of 3% p.a. with quarterly distributions. After a holding period of 5 to 7 years, the sale of the residential package is targeted. All investors who are invested at the time of the sale will receive an exit premium in addition to the capital investment in the amount of the proportional increase in value of the residential property package.

Financials

Purchase costs
580.000 €
Additional costs
6.963.600 €
Total investment
649.636 €
Total living space
16.130 €
Price per m²
396.551 €
annual rental income
31.000 €
planned yield
477 €
Vacancy rate (annual)
300 €

Finance Structure

Location

Not far from the city. Close to nature.

The Laendyard benefits from its proximity to recreational areas. The property is located directly on the Danube Canal and the Prater is only a few minutes away via the Erdberger Steg in front of the front door. The U3 underground station Rochusgasse is also just a few minutes' walk away and the cycle path network around the Laendyard is excellent.

Rating

B
CategoryRatingPoints
LocationPrimary
1
VacancyPartially leased
2
Development StageNew Construction
3
Track RecordMore than € 250 million developed
1
Asset TypeResidential
Duration18-36 months
2
Existing Bank FinancingNo
1
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

MIETRENDITE Immobilien GmbH specialises in the purchase, rental and sale of apartment packages in urban locations.

Mietrendite

Mietrendite

Carmen Balazs
Carmen Balazs