The project "Mitterstraße 49" is a new construction project, with a total of 43 residential units with a total weighted floor space of approximately 2,447m ². The new building project is located in a wonderful green area in Graz. The apartments are all equipped to a high standard. All units have outdoor areas such as loggias, terraces or gardens.
Located in the southern part of Austria, Graz is characterized above all by its Mediterranean climate and is known for its numerous green oases and above-average hours of sunshine. Graz is not only known for its Mediterranean joie de vivre, but also for its mix of baroque buildings and future-oriented modern architecture. It attracts an international audience with its cultural and educational offers as well as its proximity to the southern Styrian wine country.
The project is being realized by VMF Capital Invest, which has already successfully obtained the building permit after purchasing the land. Construction will start as early as the 1st quarter of 2022 and the planning has already been completed. The project is characterized by an environment with high development potential and a highly experienced project developer with an excellent network. In addition, the global sale of the property has already taken place and thus a pre-sale ratio of 100% has been achieved.
The borrower is the registered owner of the property with the address Mitterstraße 49, 8055 Graz. The project consists of a total of 43 units, with a weighted residential floor area of approximately 2,447m² plus open spaces such as roof terraces, terraces and gardens.
The acquisition of the property has taken place, the planning phase has been completed and the building permit has already been issued. Construction will start shortly. The project has already been sold 100% to an institutional investor. The purchase price will be settled at the end of the project. Construction will start in Q1 2022 and is expected to be completed by Q1 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.
In the southern part of Austria, characterized by a Mediterranean climate, numerous green oases and above-average hours of sunshine, lies the Styrian capital Graz. Graz captivates not only for its Mediterranean joie de vivre, but above all for its mix of baroque buildings and future-oriented modern architecture and attracts a large international audience. The diverse cultural and educational offerings as well as the proximity to the southern Styrian wine country make Graz a particularly livable city.
The historic Old Town of Graz and its roofscape were declared a UNESCO World Heritage Site in 1999 because of their excellent state of preservation and the visibility of the architectural development in the Old Townscape. In 2010, the designation was extended to "City of Graz - Historic Center and Eggenberg Palace". This distinction is linked to the obligation to preserve the historical heritage with its ensemble of buildings that has grown since the Gothic period and to harmoniously integrate new architecture. Most of Graz's sights are located in the Old Town. This extends over the entire Innere Stadt district.
Eggenberg Palace in Graz is the largest and most important baroque palace complex in Styria. With its preserved, original furnishings, the extensive landscape garden and the collections of the Universalmuseum Joanneum housed in the palace, it is one of Austria's most valuable cultural assets. As the ancestral seat of the noble Eggenberg dynasty, its history of construction and furnishings illustrates the changes and patronage of what was once the most powerful dynasty in Styria. In 2010, the palace was added to the existing UNESCO World Heritage City of Graz-Historical Center in an extension.
Relaxation and recuperation are promised by the 2,000 m² sauna area of the Graz Auster wellness spa, which extends over 2 floors. Relaxation pools, brine pools, whirlpools, salt baths, steam baths, spacious relaxation zones as well as guided special infusions are included in the wellness bath. The highlight offers the outside sauna pearl where Wellness guests profit above all from sufficient place and with Aufgüssen with music completely to switch off can. Refreshment is provided afterwards by cold showers and drinks, as well as snacks at the sauna bar.
The FH Joanneum (proper spelling: FH JOANNEUM) is a university of applied sciences in Austria with 4700 students, about 300 full-time teachers as well as scientific staff and about 960 lecturers. It offers degree programs with a focus on economics, technology, health sciences and social sciences at three locations in Graz, Kapfenberg and Bad Gleichenberg in Styria and is one of three universities of applied sciences in Austria that do not charge tuition fees.
Island or ship? It's not that easy to classify the extravagant steel construction by US artist Vito Acconci. The Murinsel Graz was commissioned on the occasion of the Capital of Culture Year 2003. What is certain is that it represents a link between the river and the city, and that it is a wonderful place to drink a coffee or enjoy a cocktail. While the Mur bubbles merrily by on the left and right, on the Murinsel one experiences a completely new cityscape of Graz. The island has brought the Mur back to the people of Graz. Until a few years ago, the river was polluted by sewage. So it hardly mattered that the Mur had dug itself a good 12 meters deeper into its bed after its regulation in the 19th century. Now the river, which separates and connects Graz, has a good water quality again, has become inviting.
In the middle of the city of Graz rises Schlossberg which is beautifully covered in forest, just a few minutes walk from the main square. Once a castle was enthroned up there on a rocky outcrop. All that remains is the bell tower with the bell "Liesl" and the clock tower, today the city's landmark. Children and parents climb the Schlossberg in Graz either via the 260 steps of the Schlossberg staircase or quite comfortably with the glass Schlossberg lift, which even allows a panoramic view. This funicular was built back in 1894 and pulls families up from the valley station in no time at all with a 61% incline. In addition, various hiking trails lead up the Schlossberg, turning the former castle hill into a local recreation area.
|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".