The project Landstraßer Hauptstraße 102, 1030 Vienna, is a new project of the Realtrade Immobilien Group. This project involves the acquisition of 26 units, with 19 residential units, 6 commercial units and 1 unfinished attic. The property covers an area of approximately 1,042 m². The units have a total usable residential area of 2,708 m². Approximately 26% of the space is used as commercial space. The remainder is used for residential purposes (74%). An expansion of the space in the course of a two-story attic conversion by approximately 740 m² is being planned. Here, 100% residential use is planned.
The property Landstraßer Hauptstraße 102 is located in an extremely attractive location in the 3rd district of Vienna near the shopping center Wien Mitte "The Mall", and Landstraßer Hauptstraße offers just as many shopping opportunities. The property is surrounded by all major utilities as well as doctors and schools.
The purchase of the property has already taken place, the purchase agreement has been concluded and the issuer is the owner of the 26 units. In the course of this project, the planning and development as well as an adapted submission of the already existing building permit is also intended. The mezzanine capital will be repaid to the investors through a refinancing at the end of the 24 months. The project is characterized by an environment with a high degree of popularity as well as very experienced project developers with an excellent network.
The borrower is the registered owner of the property with the address Landstraßer Hauptstraße 102, 1030 Vienna. The property has a total usable residential area of 2,708 m², of which 2,004 m² are accounted for by the 19 acquired residential units. Around 704 m² are for commercial use (6 commercial units). The issuer is planning an attic conversion. In the course of the planned attic conversion, an additional 740 m² will be created.
The property has already been acquired and the first preliminary negotiations for the additional attic conversion are underway. Contracts have not yet been signed. The mezzanine capital will be repaid to the investors through refinancing at the end of the 24 months. The financing will be used for the equity refinancing of the acquisition of the 26 units (including the shell and the commercial units) as well as the planning and development up to the granting of a building permit for the loft conversion and the subsequent global sale of the property prior to the construction phase. The building permit for the projected loft conversion has already been obtained and in the course of this project some planning points will now be adapted and optimized and the building application adapted and resubmitted.
During the term, the lender will receive an annual distribution of 7.00%.
The lender will receive its invested capital back after completion of the first phase of the project. According to the planning, this is to take place after a maximum of 24 months.
In the affluent district of Landstraße, also known as the 3rd district, there are embassies in elegant palaces and the baroque palaces of the Upper and Lower Belvedere, which are connected by a French garden with a picturesque view. In the Upper Belvedere you can admire Klimt's famous painting "The Kiss". At the traffic junction Wien Mitte is the chic shopping center "The Mall". The Hundertwasserhaus is a colorful home named after its builder; his works are on display at the nearby Kunsthaus Wien.
Nothing is worth more than a good location. The project "Landstraßer Hauptstraße 102" is located in the immediate vicinity of Rochusmarkt and within easy reach of the U3 station Kardinal-Nagl-Platz, which means that the city center can also be reached in just a few minutes. Shopping opportunities are available along Landstraßer Hauptstraße as well as in the nearby shopping center Wien Mitte "The Mall". For leisure and recreational opportunities, the area along the Danube Canal is also ideal.
The district Landstraße convinces with its contrasts and offers an attractive local scene around the Rochusmarkt, cultural institutions such as the Kunsthaus Wien, the Rabenhoftheater and the Akademietheater, as well as a green space share of about 15 percent, which is also reflected in the structure of the district. Here one encounters working class neighborhoods as well as elegant embassy quarters, pulsating commercial streets and modern new buildings - an interesting mixture that is well worth a stroll through "den Dritten".
Vienna and its traditional ice skating club, founded as early as 1867, simply belong together and make an unbeatable team during the winter months. Open from October to March, the romantic open-air location has been attracting tourists and locals alike to the ice for over 150 years. Strictly speaking, people have only been skating on the ice at the current location - between the Hotel Intercontinental and the Konzerthaus - since 1901. Before that, the site of the Vienna Ice Skating Club was in the area of the current Wien Mitte train station. In the unique scenery, it is possible to do rounds together with your loved ones and then warm up again with a hot punch or mulled wine.
With an area of 30,000 m² and 50 stores and restaurants, Wien Mitte The Mall is the largest and most modern shopping center in the heart of Vienna. Located in the immediate vicinity of the Wien Mitte train station, the Stadtpark, the Ring and Stephansplatz, Wien Mitte The Mall is not only easy to reach by public transport (U3, U4, S-Bahn, streetcar and bus lines) and on foot. Thanks to a parking garage with 470 parking spaces, getting there by car is no problem either. Moreover, shopping is possible 7 days a week.
The Rochusmarkt, which is relatively small at around 3,500 m² , now comprises 40 market stalls and is one of the most visited markets in Vienna. Customers are offered a small culinary oasis. Next to the market, a shopping mile invites you to stroll. The Rochusmarkt used to be a pure flower market. As early as 1192, an important trade route was located on the site of the Rochusmarkt. At the end of the 18th century, the then Augustinermarkt developed there. In 1988, the current market was designed and rebuilt according to a unified concept.
The Belvedere is not only a magnificent Baroque palace, but also houses one of the most valuable art collections in Austria - with major works by Gustav Klimt, Egon Schiele and Oskar Kokoschka. Prince Eugene of Savoy (1663-1736), a successful general and art lover, had the Belvedere Garden Palace built for him by Johann Lukas von Hildebrandt as his summer residence - at that time just outside the city gates. The baroque synthesis of the arts consists of two palaces, the Upper and Lower Belvedere, and today houses Austrian art from the Middle Ages to the present.
The Hundertwasserhaus in Vienna unmistakably bears the signature of artist Friedensreich Hundertwasser, whose real name was Friedrich Stowasser. The exterior façade of the Hundertwasserhaus in Vienna, decorated with many bright colors, magically attracts the eye. Those who live in the Hundertwasserhaus also have the right to design the facade around the windows according to their own taste. More than 200 trees and shrubs on the balconies and roof terraces make the Hundertwasserhaus a green oasis in the middle of the city. The Hundertwasserhaus can only be visited from the outside. Directly opposite the Hundertwasser House, however, is the Hundertwasser Village, which can be visited. It was created in 1990-1991 from a tire workshop. The artist designed here his only shopping center with a "village square", a bar and numerous stores in the typical Hundertwasser style.
|Track Record||More than € 250 million developed|
|Existing Bank Financing||Yes|
The Realtrade Immobilien Group has been successfully active on the Austrian real estate market for two decades, developing a wide range of properties. High-quality architecture and prime locations are our focus. We accompany all phases of our construction projects from the planning stage to the handover of the property.
Our properties have always stood for stable value and offer solid investments in the best locations in Vienna. Our company has already renovated and built more than 100,000m² of residential space and another 50,000m² are currently in planning and renovation or under construction. Due to constant growth, we now employ over 30 people in our already enlarged offices in the 1st district.
Our core competences are, besides the purchase of real estate and the renovation or construction, professional project management, as well as the procurement and marketing of our real estate/end products. The total volume of all properties currently owned, planned and built amounts to approximately EUR 600 million.