In the project "Maurichgasse 31", an apartment building with a total of 15 privately financed owner-occupied apartments between 30 m² and 72 m² with a weighted floor space of 740 m² is being built. The south-facing residential complex is accessed via a compact staircase with lift. All residential units are equipped with open spaces such as terraces, balconies and gardens.
The project is characterised by the nearby underground station and the proximity to Donauzentrum. During the planning stage, particular importance was attached to contemporary and well-designed floor plans. The room layout was adapted to the most diverse living situations and target groups. The residential units feature high-quality furnishings and fittings to guarantee customers the quality that is customary for this renowned real estate developer with tradition.
The official sales start will be in May 2020 and 10 of the 15 residential units have already been pre-booked. The building permit has been granted and the demolition has already been completed. Construction of the project will start in June 2020. The current schedule already takes into account the current circumstances (COVID-19) and there have been only marginal delays so far. The construction work can be carried out as planned, as the legal minimum distance between construction workers is being observed.
For the purpose of partial financing, Projekt M31 Immobilien GmbH intends to take up qualified subordinated loans of a maximum of € 900,000.
The borrower is the land registry owner of the property with the address Maurichgasse 31 in 1220 Vienna. A total of 15 residential units with a weighted floor space of 740 m² will be realised. The properties have been acquired, the planning phase has been completed and the building permit has already been issued. The start of construction is scheduled for June 2020. Construction work is expected to be completed by spring 2022. Sales of the apartments will start in mid-May, with 10 of the 15 apartments already pre-booked.
During the term of the loan, the lender will receive an annual distribution of 6.25%.
The lender receives its invested capital back after the sale of the apartments. According to the plan, this is to take place after 24 months.
The 22nd district, also called "Donaustadt", is located east of the city centre of Vienna and is Vienna's most populous district. The 22nd District covers almost a quarter of the total area of the Vienna municipal territory and is characterized by its comprehensive appearance. In addition to numerous green spaces and local recreation areas, which make up almost 50% of the total area of the 22nd District, there are numerous large housing estates and detached houses, such as the Donau City district, which is characterised by office and high-rise residential areas.
Historically, the 22nd District was created in its present form in 1954. Over the years, many housing estates have developed there, for example, the extraterritorial area of the UNO was created in 1979 and in recent years the office towers of the "DC-Towers" have opened there, of which Tower 1 is the highest building in Austria to date. Today, the 22nd district is an up-and-coming urban district with good infrastructural connections, many local recreation areas such as the old Danube and the urban district of Donaucity, which is characterised by office buildings and can be easily reached by underground lines 1 and 2. Vienna's largest shopping centre, Donaucity, located in the 22nd district, is also particularly well-known, with its endless shops, restaurants and cafés.
###Discover the surroundings
The 22nd district in Vienna, also known as "Wien Donaustadt", is home to a variety of leisure and recreation areas. Special hotspots of the district are the Alte Donau, the area around Donau-City and the lakeside town of Aspern. Many residents especially appreciate the family-friendly and quiet residential areas of the 22nd district with sufficient space for families and sports activities.
Donauzentrum, which was built in 2009, is a shopping centre in Vienna's 22nd district and is within walking distance of Erzherzog-Karl-Straße. Over 250 business, gastronomy and entertainment establishments are located on an area of approximately 225,000 m², making Donauzentrum (together with the connected Donau Plex) the largest shopping centre in Vienna. The Donauzentrum is characterised by its extensive shopping facilities and also houses a cinema and numerous restaurants. The shopping centre can be easily reached by car and also by public transport - the U1 underground line and various buses and trams stop directly in front of it.
###Workers' lido and Donaupark
The Donaupark is a park of around 604,000 m² in the 22nd district of Vienna Donaustadt. The Donaupark is conveniently located between Wagramer Strasse, the Bruckhaufen housing estate, Arbeiterstrandbadstrasse and Hubertusdamm. Directly adjacent to the Donaupark, which originally reached as far as Wagramer Strasse, is the UNO-City with the Vienna International Centre and the Austria Center Vienna, to the south of which is the Danube City and then the Copa Cagrana with the Danube Island to the New Danube. In the north, the Danube Park is bordered by the beach resorts along the Old Danube.
The Alte Donau is an oxbow lake of the Danube in Vienna. It is located northeast of the New Danube, which accompanies the Danube's main stream, but has no direct connection with it or with the Danube itself. The Old Danube is a leisure and bathing area close to the city centre, which can be reached by underground. Several very popular public beach resorts can be found along the banks, including the most famous one, the Goose Pond. The Old Danube is ideal for water-related leisure activities and is often used for windsurfing and boating on summer days. Along the Old Danube you will find a large number of sailing schools and boat rentals.
|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".