Already refunded

Mühlengasse 44



7.5% p.a.


24 months

Project type




Notice according to § 12 (2) Vermögensanlagengesetz

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

Project Presentation

In the project "Mühlengasse 44", a multi-storey complex with a total of 10 low-energy single-family houses and a weighted living space of 1,350 m² is being built. The future single-family homes are located in a prime green area with direct access to the important amenities of daily life.

Special attention will be paid to a contemporary implementation and stylish construction. Special attention is paid to the use of high-quality materials. In addition to this, ecological construction is a top priority - an important credo is environmental compatibility. The use of excellent building materials and the sparing use of valuable resources is optimised.

The property has already been purchased and the planning of the project is in full swing. Construction work is scheduled to begin in the 1st quarter of 2021 and should be completed in the 4th quarter of 2021.

Deal Highlights

Attractive interest rates - 7.50% annual payout

Investors receive an annual interest rate of 7.50% on their invested capital. The interest is distributed to the investors every year. The invested capital is repaid to the investors at the end of the term of a maximum of 24 months.

Security through the guarantee of the two managing partners

There is a liability in the form of a hard letter of comfort in the amount of the loan amount, issued by the two managing partners.

Rendity Instant Interest - Interest from the 1st day

Investors receive immediate interest from the time they pay in their investment, which is paid out at the end of the subscription period. With the Rendity Sofortzins investors receive interest for their invested capital not only for the loan term but also for the time before. This means that investors also receive interest on their investment during the subscription period. The accrued immediate yield interest is paid out to the Wallet after the end of the subscription period.

Single-family houses according to the most modern standards

A total of 10 exclusive single-family homes with a total weighted floor space of 1,350 m² are being built. In this project, great importance is attached to a modern, attractive and contemporary architecture. Special attention is paid to the ecologically sustainable construction method and the careful use of valuable resources.

Coveted location in the suburbs of Vienna in the district of Mödling

Biedermannsdorf is located in the sought-after bacon belt of Vienna and offers its inhabitants the best of two worlds, the big city at their feet and the quiet lifestyle of the countryside. The Laxenburg-Biedermannsdorf railway station and the A2 motorway access road towards Vienna are only a few minutes away. The good connection makes it possible to be in the centre of Vienna within 15-20 minutes.

Investment Case

For the purpose of partial financing, SH Immobilien Development GmbH intends to take up qualified subordinated loans of a maximum of € 400,000.

The borrower is the land registry owner of the property with the address Mühlengasse 44, Biedermannsdorf. A total of 10 residential units with a weighted usable residential area of 1,350 m² will be implemented.

The acquisition of the property has been completed, the planning of the project is in full swing and the building permit is expected in the 4th quarter of 2020. Construction is scheduled to start in the 1st quarter of 2021 and is expected to be completed in the 4th quarter of 2021. The realisation of the individual residential units of the property is scheduled from the 2nd quarter 2021 to the 4th quarter 2021.

Annual distributions

During the term of the loan, the lender receives an annual distribution of 7.50%.

Short term

The lender receives his invested capital back after the sale of the apartments. According to the plan, this should take place after a maximum of 24 months.


Purchase Price
1.448.000 €
Construction costs incl. fees
2.700.000 €
Finance costs
100.000 €
Additional costs
8.000 €
7.000 €
Total investment costs
4.265.000 €
Sales revenue (acceptance)
4.950.000 €
Estimate profit
685.000 €

Finance Structure


South of the Viennese city limits lies the approx. 9 km² large Biedermannsdorf in the district of Mödling. The municipality of Mödling and the federal capital Vienna are only a few minutes away and thus promote the popularity of Biedermannsdorf. About 3116 inhabitants live in Biedermannsdorf. The population of Biedermannsdorf is also characterized by a purchasing power above the Austrian average.

Historically, the village was first mentioned around 1170/80 and was owned by ministers of Liechtenstein and Perchtoldsdorf. A Pidermannsdorff is mentioned in 1275. The part of the name Bieder- is an old German word and means righteous, tested, honest, etc. Like all communities in the area, Biedermannsdorf had to suffer from the religious wars, the Turkish sieges and the plague. Under Maria Theresa the houses were numbered for the first time. From 1797 the Wiener Neustädter Kanal was built, from which a branch, the Biedermannsdorfer Kanal, led to a brickworks. A number of other brickworks were built in the area. This led to the first industrialisation of the village, which lived mainly from agriculture.

Discover the surroundings

The market town of Biedermannsdorf, located in Vienna's coveted suburbs, is home to a wide range of leisure and recreation areas as well as various local suppliers for daily needs. For a shopping trip, Austria's largest shopping centre, the Shopping City Süd or also called SCS, can be reached in a few minutes by car. Due to the connection to the railway station Laxenburg-Biedermannsdorf, which is easily accessible from Mühlengasse, you can reach the main railway station of Vienna in about 30 minutes and by car the city limits in only 10-15 minutes.

Shopping City South

The largest shopping centre in Austria has been in existence since 1976 and is also one of the largest shopping centres in Europe. With more than 192,500 m² of retail space, the SCS offers space for more than 300 commercial, gastronomy and entertainment businesses and also houses its own cinema. With 10,000 parking spaces, the SCS is primarily geared to car traffic and enjoys great popularity even beyond the borders of Germany. Every year more than 23 million visitors from Austria to Hungary and Slovakia visit the SCS and it offers a unique brand selection and shopping experience.

Laxenburg Castle Park

Laxenburg Castle Park is one of the most important historical landscape gardens in Europe. In addition to a multitude of monuments, pleasure buildings and picturesque garden rooms, the majestic crowning glory of the castle park is also worth discovering: The "little treasure house Austria" - the Franzensburg! Experience, feel and enjoy history and garden art - that's what the Laxenburg castle park stands for. Leisure experiences according to your taste in a breathtaking scenery. This and much more awaits you in Austria's largest landscape garden. Follow the traces of the Habsburg dynasty, garnished with a colourful annual programme! 

HTL Mödling

The HTL Mödling is a vocational secondary school (Höhere technische Lehranstalt) with an affiliated experimental institute (HTBLuVA) in Mödling, which was founded from the k.u.k. Technische Militärakademie Mödling and with about 3,500 students is one of the largest schools in Europe.

Golfing near Vienna at the Achau Golf Club

Before the gates of Vienna is the well maintained and beautiful golf course Achau. The mission of the Achau Golf Club is to give its members the opportunity to escape from the hectic everyday life and to pursue one of the most beautiful leisure activities without much effort. The location of the golf course is ideal for a game "in between" before or after a business meeting. For the southern part of Vienna and the villages as far as Baden, the course can be reached within 10 to 20 minutes via the southern motorway. The 9-hole course is very challenging, but still offers a sense of achievement even for beginners due to the variable tee-offs.



Development StageNew Construction
Track Record€50-249 million developed
Asset TypeResidential
Duration18-36 months
Existing Bank FinancingYes
Pre Sales0-9,9%
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.


SH Immobilien Development GmbH is part of the Freiimmobilien group

Since the company was founded, SH Immobilien Development GmbH has been committed to creating living space under ecological and stylish aspects. From the beginning of the planning, through the construction phase, to the interior finishing of the new apartments, we pay special attention to the fact that our projects are optimised by the careful use of resources and the use of high-quality, local building materials, thus contributing to the preservation of resources and a careful treatment of our environment.

Behind SH Immobilien Development GmbH are two extremely ambitious businessmen with a penchant for exclusive, challenging construction projects that combine sustainability, considerate use of materials, resources and the environment with contemporary architecture and cutting-edge design. Managing Director: Alaadtin Simsek, who, in addition to SH Immobilien Development, is also responsible for innovative construction projects at Freibau GmbH and Freiimmobilien GmbH and their energy-efficient realisation, has been self-employed since 2017. Managing Director: Faruk Harmankaya, who originally came from a social profession, ensures a family-friendly basic concept and the design of different floor plans adapted to various target groups and living conditions.

Team: DI Marlies Pommer - prospective property developer - is not only responsible for the administrative processing of construction projects as an interface, but also takes care of ecology and green space design as a qualified landscape architect. The team is completed by DI Clemens Sporkmann, our master builder, who is responsible for planning, technology and execution. As an "old hand" in the building industry, he knows all the necessary steps for a successful construction project and combines them with modern technology and stylish architecture.