Already refunded

Renngasse 10

Vienna

Return

5.25% p.a.

Duration

24 months

Project type

Growth

Distribution

Yearly

Notice according to § 12 (2) Vermögensanlagengesetz

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

Project Presentation

A total of 73 modern city apartments and 3 business premises are being built in the middle of the historic centre of the inner city, a few metres from the Freyung, Am Hof, Graben and Kohlmarkt, designed by the architects 3XN, who are setting international accents. At No10, you and your guests will be charmingly welcomed by a doorman who will also receive mail, deliveries or messages.

Living in the heart of Vienna

The smart apartments, ranging in size from 55 to 250m², are all comfortably furnished with materials of selected quality. The elegantly furnished salon for your dinner party, the in-house gym with modern power and cardio equipment and the parking garage with charging stations for electric cars are worthy of special mention. All in all, the No10 offers a special feel-good ambience at the highest level.

Deal Highlights

More than 50% of the apartments sold

From an investor's perspective, it is extremely positive that more than half of the apartments have already been sold. The No10 thus impressively demonstrates that this real estate project in the heart of Vienna has its finger on the pulse of the times.

Most central location of Vienna in 1010

It couldn't be more central: The project "Renngasse 10" is located in the noblest of all Viennese districts: the first district and thus the absolute heart of Vienna. Around the corner to the Freyung, 5 minutes walk to Graben and Kohlmarkt and in the immediate vicinity of the "Schottentor" underground station. Also local recreation areas like the Burggarten and the Danube Canal can be reached on foot.

Attractive interest rates - 5.25% annual payout

Investors receive an annual interest rate of 5.25% 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.

Attractive interest rates - 5.25% annual payout

Investors receive an annual interest rate of 5.25% 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.

Vienna - the metropolis on the blue Danube

For years Vienna has been enthroned at the top of the cities with the highest quality of life. This year again, Vienna's blend of quality of living, first-class cultural offerings, local recreation areas and public transport infrastructure took the top spot in the international study "Quality of Living 2018" by the consulting firm Mercer Consulting. Especially in comparison with top international cities, property prices are moderate and construction quality is high.

Concept and implementation of the project by JP Immobilien

The JP Immobilien Group is active in the following areas of the real estate industry, among others: investment, development, refurbishment, marketing and property management. These areas of activity have formed the successful pillars of the JP Immobilien Group for almost 20 years. The JP Immobilien Group is currently the largest private inner-city (districts 1. to 9. Bezirk) property developer in Vienna and the leading marketer in the field of residential real estate and retirement homes, with around 400 contracts concluded per year.

No10 brings international team of architects 3XN to Vienna

The renowned Danish architectural office 3XN prevailed in the international architectural competition and was commissioned with the planning services for No10. 3XN, originally from Copenhagen, has set architectural accents around the world, as recently with the new headquarters of the Olympic Committee in Lausanne, Switzerland, or the vertical living project "The Grove", in Mumbai.

Financials

Total cost of land
36.114.200 €
Total construction costs
29.730.387 €
Financing costs
7.450.214 €
Ancillary financing costs
1.339.048 €
Marketing and sales
1.700.985 €
Total investment
76.334.834 €
Income
5.324.310 €

Finance Structure

Location

Welcome to 1010 Vienna

The 1st district is the heart of the most liveable city in the world. Where great history and cultural vitality unite, the modern new building No10 in Renngasse 10 offers everything that makes living in the city dignified and pleasant.

The Hofburg is a former imperial residence and was the residence of the Habsburgs in Vienna from the 13th century. Since 1945 it is the official residence of the Austrian Federal President. The largest part of the Austrian National Library is located in the Hofburg, as well as numerous museums such as the Albertina and the Federal Office for the Protection of Monuments.

Discover the surroundings

Hofburg

The Hofburg is the former imperial residence and was from the 13th century the residence of the Habsburgs in Vienna. Since 1945 it has been the official residence of the Austrian Federal President. The largest part of the Austrian National Library is located in the Hofburg, as well as numerous museums such as the Albertina and the Federal Office for the Protection of Monuments.

St. Stephen's Cathedral

Vienna's St. Stephen's Cathedral, an architectural masterpiece and essential cultural asset, is considered Austria's landmark and is often referred to as the Austrian national shrine. Impressed by its beauty, over 5.2 million people visit St. Stephen's Cathedral every year. Vienna's St. Stephen's Cathedral has been a cathedral church since 1356 and has already undergone numerous structural changes since its construction. Beneath the cathedral is the ducal crypt, in which numerous kings and archdukes have been buried throughout history. Around St. Stephen's Cathedral there are numerous cafés, restaurants and shops.

University of Vienna

The University of Vienna is the largest university in the German-speaking world with 187 courses of study and over 90,000 students. The main building of the University of Vienna extends over a gigantic area on the Universitätsring and is a special eye-catcher with its striking portico and arcade courtyard. The spacious campus has extensive green spaces and invites you to read and linger.

City Hall

The City Hall is the seat of the government and administration of Vienna, in which, among other things, the offices of the Mayor and Governor of Vienna are located. The City Hall is a monumental neo-Gothic building with individual Renaissance elements and enchants especially in the evening with its romantic lighting. Every year, the City Hall Square is the venue for numerous events organised by the City of Vienna, such as the extensive Advent market including an ice skating rink or the world-famous Life Ball, which takes place every summer.

Burgtheater

The Burgtheater is considered one of the most famous stages in Europe and is the largest spoken theatre in the German-speaking world. As the Austrian national theatre, it is located on the Ring opposite the town hall and was the imperial-royal Hofburgtheater.

location-map_1_dab3ea309f

Rating

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

JP Immobilien Group was founded more than 25 years ago by business partners Daniel Jelitzka and Reza Akhavan. It is one of the most active and successful market players in the Austrian real estate industry with a focus on Vienna. It is still owner-managed and therefore completely independent. According to the principle "Real Estate Business is People Business" all customers are personally attended to. The many years of experience, the know-how and the competence of our colleagues stand for sustainable real estate specific solutions for the benefit of our customers. Regardless of whether it is a matter of satisfying a residential need or optimizing the earnings of an entire real estate portfolio.

JP Immobilien

JP Immobilien

Dr. Daniel Jelitzka
Dr. Daniel Jelitzka
Reza Akhavan
Reza Akhavan