Project Presentation

The project "Pienzenauerstraße 37" is an impressive new construction project in Munich's prime location. The project includes the construction of a modern multi-family villa with a total of 6 residential units. The exclusive object with a total floor space of 717m² will be built on the property, which covers a plot area of 1,152m². All residential units will have an open space such as a terrace. The equipment and design of the villa will be kept with high-quality materials in natural colors.

Munich is known for its imposing buildings, beautiful facades and clean streets. The property is located in an exceptionally good location in the middle of the exclusive Bogenhausen district. Bogenhausen is undoubtedly one of the most noble residential areas of Munich and is considered a so-called villa district. Here you can find numerous stores, boutiques but also landmarks of Munich. The villa district is not only known for its magnificent buildings, but also for the dwelling of prominent personalities of the whole world.

The purchase of the property has already taken place. A building permit has been issued and the contracts for the construction work have also been signed. The issuer plans an individual sale of all residential units. The construction measures will start in the 4th calendar quarter of 2022 and will end as scheduled in the 3rd calendar quarter of 2024.

Deal Highlights

P37 Projektgesellschaft GmbH – AVI Holding GmbH

The AVI Immobilien Group develops high-quality projects and specializes in residential construction projects such as loft conversions in the inner districts of Vienna or complete renovations in particularly sought-after locations such as Pienzenauerstrasse in Munich. The AVI Immobilien Group is the right partner for you, starting with the acquisition of the property, through the entire construction control, to the turnkey handover to the buyer. P37 Projektgesellschaft GmbH is part of the AVI Group.

Attractive interest rates and short term - 8.00% yield with a term of only 24 months

Investors receive an annual interest rate of 8.00% on their invested capital. The interest is distributed every year. The capital invested is repaid in full to the investors at the end of the maximum term of 24 months.

RENDITY Immediate interest - interest from the 1st day

Investors receive the Rendity immediate interest from the moment they deposit their investment, which is paid out as soon as the subscription period expires. With Rendity Immediate Interest, investors receive interest on their invested capital not only for the term of the loan, but also for the period prior to that. This means that investors receive interest on their investment even during the subscription period. The accrued Rendity Instant Interest is already paid out to the Wallet after the end of the subscription period.

Building permit and contracts already in place

Following the purchase of the property, the building permit has already been successfully obtained and planning has begun. Construction is scheduled to start in the 4th calendar quarter of 2022. Contracts for the execution of the construction measures are also in place. Completion of the property is scheduled for the 3rd calendar quarter of 2024.

Top location in the most affluent district of Munich

The property is characterized by its ideal location. Pienzenauerstraße is located in the Bogenhausen district, which is known for its exclusivity and luxurious properties. In the simply beautiful district, architectural masterpieces can be marveled at and world-famous shopping opportunities can be discovered.

Investment Case

The borrower is the registered owner of the property with the address Pienzenauerstraße 37, 81679 Munich. In the course of the new construction project 6 impressive residential units with a total usable floor space of 717m² will be built. The property includes the plot with 1.152m². A building permit, as well as the contracts for the implementation of the construction measures are available.

The aim of this issue is to partially redeem the own funds used, the financing of the construction measures for the new construction of the multi-family villa, as well as the subsequent individual sales of the residential units. A 100% residential use is planned. The acquisition of the property has already taken place. Construction of the new building project is scheduled to start in the 4th calendar quarter of 2022. Construction activities are expected to be completed no later than the 3rd calendar quarter of 2024.

Annual Distributions:

During the term, the lender will receive an annual distribution of 8.00%.

Short Term:

The lender will receive its invested capital back after realization of the apartments. According to the planning, this is to take place after a maximum of 24 months.

Financials

Acquisition costs
11.144.000 €
Construction costs
4.490.000 €
Financing costs
1.155.000 €
Planning costs
161.000 €
Total investment costs
16.950.000 €
Sales revenue (assumption)
21.000.000 €
Profit
4.050.000 €

Finance Structure

Location

Welcome to Munich

With its 1.5 million inhabitants, the Bavarian capital Munich is the most populous city in Bavaria. The lively and popular city is divided into a total of 25 districts. The property "Pienzenauerstraße 37" is located in the wealthy and, as is well known, the most noble district "Bogenhausen". In this villa district, imposing villas with beautiful facades can be admired. In addition to numerous villas, the Bogenhausen district is also home to small stores, boutiques and some of Munich's most beautiful landmarks - the golden Friedensengel. The characteristic motifs of the district are the Villa Stuck and the famous Munich Friedensengel. The central location of the extravagant district and the good infrastructure offer an ideal environment for living and living.

Micro location Pienzenauerstraße

Nothing is worth more than a good location. The project "Pienzenauerstraße 37" is located in the middle of Munich's most affluent district. In the immediate vicinity is the Isar river where you can enjoy the sun on hot summer days. From the property the John-F.-Kennedy-Bridge can be reached in a few minutes and so can the popular English Garden of Munich. The noble villas and facades give Pienzenauerstraße its classy charm. The street is also known for its prominent residents and its magnificent old buildings from the Gründerzeit. All local amenities can be easily reached from "Pienzenauerstraße 37".

Discover the surroundings

The Bogenhausen district is the 13th district of the Bavarian city and is one of the top residential locations in Munich. Here you can admire the magnificent Villa Stuck, as well as the landmark of the golden Friedensengel. The Isar is a perfect starting point for a leisurely walk into the city center. It takes only 50 minutes to walk from the property to Marienplatz. There is a lot to discover in Munich. The English Garden, Nymphenburg Palace, Marienplatz and the Bavarian State Opera are just a few of the many other sights to explore in Munich.

English Garden

Visitors of all kinds are drawn to this 375ha inner-city park. Residents, as well as tourists are attracted by the famous panaroma view from the Monopteros, as well as surfers on the two Eisbach waves. Beautiful squares, buildings and the old town skyline can be admired in the green park landscape. The best panoramic view can be achieved by visiting the famous Monopteros. The temple-like round building was built in 1836 and inserted into the southern park landscape together with the hill. The most famous building in the English Garden is the Chinese Tower. Since 1972, a traditional tea ceremony has been held regularly in the Japanese Tea House by fans of Japanese culture.

The park is also an ideal place for sports enthusiasts to push themselves to their limits. The park is a recreational paradise for joggers and surfers. Cyclists and joggers can exercise on 78 kilometers of trails. At the southern end, it can be really exciting for expert surfers. Surfers can perform tricks in the cold water here at the Eisbach wave at any time of the year. In the north of the English Garden, you can relax at the Kleinhesseloher See lake. By rowing or pedal boat, Munich residents spend quiet days by the water here. Several events and festivals are also held in the world's largest inner-city park. The Kocherlball, the Japanfest and the regular theater plays are among the most important events.

Friedensengel in Bogenhausen

The golden Friedensengel provides an ideal location for a romantic colorful sunset behind the towering and magnificent roofs of the Bogenhausen district. The Friedensengel monument was built in 1899 and erected to commemorate the 25th anniversary of peace with France and to thank the Bavarian army. The 38m high monument acts as the guardian angel of the Bavarian capital.

Marienplatz

Marienplatz is the world famous center of the Bavarian capital. Here you can admire the New and the Old Town Hall. For a long time there was only one town hall on Marienplatz, but the architect caused a stir with the construction of another town hall by Georg von Hauberrisser. The town halls hardly differed from each other and confusion arose as to which was which. The tower of the New Town Hall provides a magnificent view over the Old Town. Visitors also have the chance to climb the Old Peter which is a high tower and can be climbed only after 306 steps in a particularly narrow staircase. The monument "the Mariensäule" is placed in the middle of the Marienplatz. The resplendent column dedicated to St. Mary as the patron saint of Bavaria towers over eleven meters high. Munich's city history is closely connected with the Marienplatz and daily the regular chimes in airy height remind of it.

Nymphenburg Palace

This magnificent summer residence owes its existence to the birth of heir to the throne Max Emanuel. The heir to the throne Max Emanuel is the son of the Bavarian electoral couple Ferdinand Maria and Henriette Adelaide of Savoy who were born after ten years of marriage in 1662. More than 300,000 visitors are drawn to Nymphenburg every year. The palace and its beautiful park form a unique synthesis of the arts. The Beauty Gallery and the world-famous porcelain collection should definitely be on your list of things to see when visiting Munich.

Rating

C
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 Sales0-9,9%
3
Total
13
C
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

AVI Holding GmbH is a joint venture of Michael Albert and Roland Duraku. Mr. Albert is active with several companies for 15 years on the real estate market in Austria and Germany as a project developer & investor. His focus is on the renovation of listed buildings and the construction of new apartments, but also in the commercial real estate segment he was successfully engaged as a developer and investor in the repositioning after a major renovation of a retail park.

Mr. Roland Duraku is also active with his companies 15 for years on the Viennese real estate market as a project developer. He has specialized in the purchase and sale as well as revitalization of apartment buildings and attics. Together with AVI Holding they want to bundle their expertise and create high-quality housing in Vienna.

The projects will be implemented with the support of a network of partners and service providers. AVI Holding accompanies the project from purchase, through planning and finally to completion and sales. The claim of AVI Holding is to create sustainable and value-preserving living with always the highest quality to the satisfaction of the customers.

AVI Holding