Notice according to § 12 (2) VermögensanlagengesetzThis investment involves considerable risk and may result in partial or total loss.
The project "Österleingasse 7" is an extensive revitalisation and general refurbishment of the property including an attic extension in the middle of the 15th district, near Westbahnhof and Mariahilfer Strasse as well as all important amenities for daily needs.
The construction activities are already in full swing and the sale of the 25 residential units, which are newly built exclusive attic flats as well as completely renovated or revitalised old apartments in the regular storeys, has already started. A total of around 1,800 m² of usable space will be created.
The residential units are being built with a special focus on contemporary and comfortable construction and will be equipped with a practical smart home solution with which all important functions of the apartment such as heating, light and shading can be controlled via smartphone or tablet.
For the purpose of partial financing, Österleingasse 7 Projekt GmbH intends to take up qualified subordinated loans of a maximum of € 750,000 at the following conditions.
The borrower is the land registry owner of the property with the address Österleingasse 7 in 1150 Vienna. A total of 25 residential units with a usable residential area of 1,800 sqm will be realised. The properties have already been acquired, the planning phase has been completed and construction is already in full swing. Sales of the apartments have already started and construction activities are expected to be completed by summer 2020.
During the term of the loan, the lender will receive an annual distribution of 6.25%.
The lender will get back its invested capital after the sale of the apartments. According to the plan, this is to take place after 18 months.
The 15th district, also known as "Rudolfsheim Fünfhaus", is located west of the city centre of Vienna. In addition to its excellent infrastructure with numerous local suppliers, shopping streets and transport connections, the 15th district is particularly popular for its proximity to the old town. Mariahilfer Straße with its endless shops, restaurants and cafés, the outer end of which belongs to the 15th district, is also particularly well-known.
Historically, after the second Turkish siege, the villages of Reindorf, Braunhirschen and Rustendorf were created, which were united in 1863 to form the municipality of Rudolfsheim, Fünfhaus to the east and Sechshaus to the south. In 1890 the three communities were incorporated. In the later NS-era Rudolfsheim and Fünfhaus were united to the 15th district, from 1957 the 15th district got its current name "Rudolfsheim-Fünfhaus". Today the 15th district is an up-and-coming district, centrally located and with the best infrastructure and necessities of daily life.
The 15th district in Vienna, also known as the Rudolfsheim-Fünfhaus, is located west of the city centre of Vienna and is particularly distinguished by its proximity to the city centre. The 15th district has an excellent infrastructure with numerous local suppliers, shopping streets and transport connections, and the Westbahnhof railway station and the Stadthalle are also located here. In terms of transport, the Gumpendorferstraße underground station can be reached on foot in just a few minutes. To the south-east, Vienna's Schwechat Airport is only a 30-minute drive away, and to the north, numerous recreational areas including vineyards and wine taverns can be reached.
The outermost part of what is probably Vienna's most famous shopping street, Mariahilfer Strasse, is located in the 15th district and serves as a direct connection from the Westbahnhof railway station to the city centre. As the longest shopping street in Europe, Mariahilfer Strasse stretches for almost 4 kilometres, on which many international brand shops can be found and which is also dedicated in sections as a pedestrian zone. The inner Mariahilfer Strasse has already served as a special shopping street for the imperial and royal family. Monarchy and even today it still houses these local suppliers. In the meantime, it has established itself as the centre of Vienna's young and hip scene.
The Wiener Stadthalle is the largest event centre in Austria and one of the leading event locations in Europe. In total, the Wiener Stadthalle comprises six event venues and a large sports area including a swimming pool and ice rink. More than 300 events are held here every year; from international top acts, the ATP tour stop "Erste Bank Open", to cabaret and musicals, there is something for every taste.
The Westbahnhof is an important traffic junction from which the Westbahn runs to numerous provinces and cities in Austria. Numerous underground and tram lines also stop here. Underground there is a shopping centre with restaurants, above ground the Mariahilfer Straße, which runs in a west-east direction in front of the station building, provides a direct connection to the city centre.
Schönbrunn Palace is the largest palace and one of the most important and most visited cultural assets in Austria. Schönbrunn Palace and its 160-hectare park are part of the UNESCO World Cultural Heritage. Under Empress Maria Theresia, Schönbrunn Palace acquired its present form and served as the summer residence of the Austrian imperial family from the mid-18th century until the end of the First World War. During this period the palace was almost continuously occupied by a court consisting of several hundred persons and became a cultural and political centre of the Habsburg Empire. During the Austro-Hungarian Monarchy it was also "k.u.k. Lustschloss Schönbrunn". The spacious surrounding park can be used for extensive walks and long runs.
|Track Record||€50-249 million developed|
|Duration||Up to 18 months|
|Existing Bank Financing||Yes|
The KVIERREAL group has been active for years in the Viennese real estate market as a project developer and has specialised in the purchase, sale and revitalisation of classic Gründerzeit houses and apartments. The core competence is the development and upgrading of historically grown properties that are aesthetically and economically convincing.
Thanks to sound expertise and the many successfully completed real estate projects, the KVIERREAL group has made a name for itself as a specialist for old buildings.