The project "Paulusgasse 5" is an extensive renovation of a beautiful old building interest house as well as an addition to the top floor of the property with 9 newly developed residential units in the middle of the 3rd district. The building - a well-preserved medium-interest house with four staircases and four above-ground floors (incl. ground floor) - currently has a usable floor space of about 2,200 m² and can be extended by 635 m² of usable living space and outdoor areas of 125 m² by means of the two-storey DG extension.
The existing property contains 49 residential units, most of which are rented out for a limited period of time (43 residential units with an area of 1,892 m²). The remaining apartments are let for an unlimited period. After the end of construction work, a total of 43 revitalized existing units, 6 unlimited and 9 new types of residential units with a total floor space of 2,835 m² including balconies and terraces will be offered for sale at "Paulusgasse 5". The residential units are being realized with a special focus on contemporary and stylish construction. Special attention is paid to the use of high-quality materials.
The borrower is the owner of the property with the address Paulusgasse 5 in 1030 Vienna. The Borrower is a subsidiary of I&Co Realtrade Holding und Beteiligungs GmbH. The property is divided into 49 units (plus balconies, terraces, storage and basement rooms) with a total area of almost 2,835 m².
The acquisition of the property has been completed, the planning phase is in full swing and the building permit is expected for the end of 2020. Following the planning phase, construction will start in the 3rd quarter of 2021, so that the construction activities are expected to be completed by the 3rd quarter of 2023.
During the term of the loan, the lender will receive an annual distribution of 7.00%.
The lender receives its invested capital back after the sale of the apartments. According to planning, this is to take place after a maximum of 30 months.
Nothing is worth more than a good location. The "Paulusgasse 5" project is located in the immediate vicinity of the two subway stations Schlachthausgasse and Kardinal-Nagl-Platz (both U3), which means that the city center can be reached in just under 10 minutes. The extensive recreational area of the Vienna Prater offers countless opportunities to escape the hustle and bustle of the city. The Rochus Markt, not far from Paulusgasse, offers the inhabitants of the 3rd district of Vienna a culinary variety with hip restaurants and nice stalls at the weekend.
Vienna and its traditional ice skating club, founded in 1867, simply belong together and are an unbeatable team in the winter months. Open from October to March, the romantic location under the open sky has been attracting tourists and locals on the black ice for over 150 years. Strictly speaking, it is only since 1901 that people have been speeding across the ice at today's location - between the Hotel Intercontinental and the Konzerthaus. Before that, the area of the Vienna Skating Club was located in the area around the present Wien Mitte train station. In this unique scenery you can do laps together with your loved ones and warm up again with a hot punch or mulled wine.
With an area of 30,000 m² and 50 stores and restaurants, Wien Mitte The Mall is the largest and most modern shopping center in the heart of Vienna. In the immediate vicinity of the Wien Mitte train station, the Stadtpark, the Ring and Stephansplatz, Wien Mitte The Mall is not only easy to reach by public transportation (U3, U4, S1, S2, S3, S7, O, 74A) and on foot; also the arrival by car is no problem thanks to the own parking garage with 470 parking spaces. Plus: Shopping 7 days a week.
The relatively small Rochusmarkt, which covers around 3,500 square meters, now has 40 market stalls and is one of the most visited markets in Vienna. Customers are offered a small culinary oasis. Next to the market, a shopping mile invites to stroll. The Rochusmarkt used to be a pure flower market. As early as 1192 there was an important trade route on the grounds of the Rochusmarkt. At the end of the 18th century, the Augustinian market of that time developed there. In 1988 the current market was designed and rebuilt according to a uniform concept.
The Belvedere is not only a magnificent baroque palace, but also houses one of the most valuable art collections in Austria - with major works by Gustav Klimt, Egon Schiele and Oskar Kokoschka. Prince Eugene of Savoy (1663-1736), successful commander and art lover, had the Belvedere Garden Palace built by Johann Lukas von Hildebrandt as a summer residence - at that time outside the gates of the city. The baroque synthesis of the arts consists of two palaces (Upper and Lower Belvedere) and today houses Austrian art from the Middle Ages to the present.
The Hundertwasser House in Vienna unmistakably bears the signature of the artist Friedensreich Hundertwasser, whose civil name was Friedrich Stowasser. The exterior façade of the Hundertwasser House in Vienna, decorated with many bright colors, attracts the eye almost magically. Whoever lives in the Hundertwasser House also has the right to design the façade around the windows according to their own taste. More than 200 trees and bushes on the balconies and roof terraces make the Hundertwasserhaus a green oasis in the middle of the city. The Hundertwasser House can only be viewed from the outside. But right opposite the Hundertwasser House is the Hundertwasser Village, which can be visited. It originated in 1990-1991 from a tire workshop. Here the artist designed his only shopping center with a "village square", a bar and numerous stores in the typical Hundertwasser style.
|Track Record||More than € 250 million developed|
|Existing Bank Financing||Yes|
The Realtrade Immobilien Group has been successfully active on the Austrian real estate market for two decades, developing a wide range of properties. High-quality architecture and prime locations are our focus. We accompany all phases of our construction projects from the planning stage to the handover of the property.
Our properties have always stood for stable value and offer solid investments in the best locations in Vienna. Our company has already renovated and built more than 100,000m² of residential space and another 50,000m² are currently in planning and renovation or under construction. Due to constant growth, we now employ over 30 people in our already enlarged offices in the 1st district.
Our core competences are, besides the purchase of real estate and the renovation or construction, professional project management, as well as the procurement and marketing of our real estate/end products. The total volume of all properties currently owned, planned and built amounts to approximately EUR 600 million.