The "Oberlaaer Straße" project is a new construction project in the 10th district of Vienna in the immediate vicinity of the Oberlaa underground station (U1). In the course of the project, a newly constructed residential complex with 16 units and a usable floor space of 1,530 m² as well as 20 parking spaces will be built. So far, 40% of the apartments have already been sold. With the start of construction of the second building, marketing of the remaining apartments will begin.
The residential units will be built with a special focus on modern and comfortable construction methods. Special attention will be paid to the use of high-quality materials.
The project will be implemented by PECADO GmbH, which has already implemented a large number of successful real estate projects in the past, especially attic storey extensions.
For the purpose of partial financing, Oberlaaer Straße 108 Immobilien GmbH intends to take up qualified subordinated loans of a maximum of € 350,000.
The borrower is the land registry owner of the properties with the addresses Oberlaaerstraße 106 and Oberlaaerstraße 108 in 1100 Vienna. A total of 16 residential units with a usable floor space of 1,530 sqm and 20 parking spaces will be built in new construction. The properties have already been acquired, the planning phase has been completed and construction of the first building is well advanced. After obtaining the building permit, construction work will begin on the second structure. So far, 40% of the residential units have already been sold.
During the term of the loan, the lender will receive an annual distribution of 6.50%.
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 favourite is the 10th district of Vienna. It is located south of the inner districts, extends to the southern city limits and is a district with strong population growth and high construction activity. Early on, the district enjoyed rapid population growth due to the large number of resident industrial companies. Already at the beginning of the First World War, the district's population was just under 160,000. Even after the Second World War, the population in Favoriten - in contrast to many other districts of Vienna - quickly returned to its pre-war level due to extensive land reserves. Today, Favoriten is the most populous district of the city with about 200,000 inhabitants and is home to about 10% of all Vienna's residents. Historically, Favoriten has always been perceived as a working class district, but this has changed considerably in recent years.
The 10th district of Vienna has experienced a special upswing in recent years due to the newly built Vienna Central Station. In the last decade, not only the most modern and largest railway station in Austria with a daily passenger frequency of approx. 145,000 people was built here, but also large-scale urban development projects. Under the efforts of local and international real estate developers and the city's political authorities, residential space for tens of thousands of people and state-of-the-art office space for local and international companies has been created here. In no other district in Vienna is development activity as high as in Favoriten, which makes it a hotspot for many domestic and international investors.
Therme Wien is a wellness and thermal spa facility operated by VAMED Vitality World in Oberlaa in the 10th district of Favoriten in Vienna. On a total area of approx. 75,000 m² there are almost 4,000 m² of water surface, a 3,000 m² sauna area, a 6,000 m² health area and a 1,000 m² fitness area. On average, 3,000 to 3,500 people visit the spa every day. In January 2012, more than 1 million guests were recorded...
The Kurpark Oberlaa is a park in the 10th district of Vienna Favoriten, on the south-eastern slope of the Laaer Berg near Oberlaa. Its area is about 860,000 m². Horticultural monuments, path systems and artificial soil formations are listed as historical monuments. After the great success of the "Vienna International Horticultural Show 1964" (WIG 64) in the Donaupark in Vienna's 22nd district, the Vienna City Council wanted to hold another international horticultural show in Vienna. The former brick area on the south-eastern slope of the Laaer Berg, which had also served as a film location for monumental films of the silent film era, was rounded off by the purchase of gardening land and vineyards. It was the ideal location for the project and the associated construction of a large green area. The Oberlaa sulphur springs have had a spa facility since 1969. After an international competition, which was won by the Frankfurt garden architect Erich Hanke in 1969, working groups of landscape architects from different countries were formed. The best designs of all projects were combined in the planning and implementation.
The FH Campus Wien is the largest university of applied sciences in Austria. It offers bachelor's and master's degree programmes as well as continuing education courses, which are organised in seven departments: Applied Life Sciences; Engineering; Building and Design; Administration, Economics, Security, Politics; Health Sciences; Applied Nursing Science and Social Sciences. The FH Campus Wien is located at sites in Favoritenstraße in the 10th district of Vienna, Muthgasse in the 19th district (at the University of Natural Resources and Applied Life Sciences Vienna), at Campus Vienna BioCenter and in Laudon Castle in the 14th district.
The shopping street Favoritenstraße is one of the longest in Austria and offers a wide range of different shops. In addition to traditional family businesses and international chains, there is a wide range of culinary delights on Favoritenstraße.
|Development Stage||New Construction|
|Track Record||More than € 250 million developed|
|Existing Bank Financing||Yes|
Pecado GmbH was founded in 20018 by Ing. Stanislav Hnat for the purpose of buying and selling real estate. Since 2015, the company's business activities have been expanded in a targeted manner, focusing on the development of high-quality new buildings and the structural coordination of revitalisation projects.
Concentrating on the Vienna location, only up-and-coming locations in those districts that promise a high level of affordable quality of life in the future are selected in the new construction segment. In close cooperation with long-standing corporate partners from the fields of architecture and marketing, we are currently active in the following business areas for owner-occupiers and investors.