Funded successfully

Promenade 2



8% p.a.


36 months

Project type




Notice according to § 12 (2) Vermögensanlagengesetz

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

Project Presentation

The project "Promenade 2" is a historic existing property from 1890 with planned building extension by a full floor and attic in the center of Linz. The property has a total of one residential unit and 6 commercial units with an existing area of about 400 m² (total usable area). Not only the predestined corner situation of the property is convincing here, but also the central location in the middle of the inner city of Linz.

As part of the development project, an additional 154 m² of usable living space will be created here, increasing the total usable space to around 554 m². The new units have optional balconies and loggias, which are carefully integrated into the historical ensemble of the surrounding existing buildings. The expansion is a 100 percent residential use. Following completion of the development project, all residential units will be sold globally.

The purchase agreement has been concluded and the issuer is already the owner of the property. A building permit and the contracts for the implementation of the construction measures are currently not yet available, preliminary negotiations are underway. Construction activities are scheduled to start in the 3rd calendar quarter of 2024 and completion is planned for the 4th calendar quarter of 2025.


Welcome to Linz

With a population of over 200,000, the capital of Upper Austria is the third-largest city in Austria and offers a correspondingly large number of sights. The excellent cultural infrastructure with pubs, stores, theaters, museums and much more offers a wide range of activities. Linz is a well-known term among the people of Linz, as Linz was awarded the title of European Capital of Culture in 2009. Not only art lovers get their money's worth here, but also nature lovers can enjoy Linz along the Danube, in the parks, in the Botanical Garden and in the Pöstlingberg adventure world. In addition to the arts and cultural scene, Linz also has an important industrial and economic role. Some of Austria's largest companies such as Voestalpine, Brau Union and Swietelsky are based in Linz.

Microlocation Promenade

Nothing is worth more than a good location. The "Promenade 2" project is located in the middle of Linz, the capital of Upper Austria, on Taubenmarkt in the Innere Stadt district. In the immediate vicinity are numerous local supply facilities of all kinds, the LINZERIE shopping center and the Landstraße shopping mile. Due to the direct location at the traffic junction Taubenmarkt, the location is excellently connected to the public transport network. Green spaces such as the Promenadenpark and cultural sights such as the Minoritenkirche and Landhaus Brücke are within walking distance and invite you to linger.

Discover the surroundings

The city center is the oldest part of Linz, the capital of Upper Austria. It also corresponded to the Innenstadt district, which existed from 1957 to 2013. Since the reclassification of the city area in 2014, there is the corresponding statistical district of Innere Stadt, which was somewhat reduced in size at the edges. As the oldest part of the city as well as the city center, the inner city houses a number of sights and public institutions and forms the core of the city both socially and economically. The project "Promenade 2" captivates, among other things, with its extraordinary location at Taubenmarkt, a central public square in the Innere Stadt district.

From the idyllic Danube to the expansive view of the Pöstlingberg and many historical and artistic encounters, the city of Linz has much to offer. The Danube flows right through the middle of the historic old town, whose Danube promenade invites residents to relax and take long walks in equal measure.

Linz Castle & Castle Park

Linz Castle towers high above the city of Linz. Gastronomy and a museum are combined in this sight, as is historical and modern architecture. Visitors can experience the natural, cultural and technological history of Upper Austria on more than 18,000 m² in the castle museum. As Austria's largest universal museum, the Schlossmuseum Linz offers a program for the whole family. In addition to the permanent exhibition, major exhibitions devoted to regional and international topics are held annually. Linz Castle is one of the oldest sights in Linz and the eye-catcher of Linz's historic old town center, which lies just a few hundred meters from the Danube.

Main Square Linz

The center of the city is formed by the baroque Hauptplatz Linz, which at around 13,200 m² is one of the largest enclosed squares in Austria. In the center of the main square is an impressive 20-meter high column, which was completed in 1723. The column, made of white marble, is dedicated to the Trinity and was erected in gratitude for the disasters survived and for protection against conflagration, war and plague. As a marketplace, the main square soon helped the city of Linz to an economic boom. Today, Linz's Hauptplatz is still the venue for a variety of events and markets.

Linz Cathedral of St. Mary

Not the highest, but the largest church in Austria is the Linz Mariendom (Cathedral of the Immaculate Conception). Also known as the "New Cathedral," the church, which is located on Herrenstrasse, has become an integral part of Linz's cityscape. The Mariendom is a haven of peace and an architectural masterpiece. Wonderful stained glass windows adorn the cathedral, which was completed in 1924 and can seat 20,000 people. On a guided tour of the tower, you can experience a breathtaking view of Linz. Special guided tours in the accessible interior gallery at a height of 15 meters open up a fascinating view of the church interior. St. Mary's Cathedral and the cathedral square in front of it are the scene of a variety of events several times a year.

Lentos Art Museum

The Lentos Art Museum is located directly on the Danube and displays works of contemporary art. Its impressive architecture dominates the cityscape of Linz. The modern, transparent glass façade makes the Lentos and the Danube glow in bright colors at night. A striking feature is the oversized "picture frame" that breaks through the structure to provide a wonderful view of the Urfahr district and another landmark, the Pöstlingberg.

World of Experience Pöstlingberg

A trip to the Pöstlingberg is an unforgettable experience, and not just for children. Whether it's the Pöstlingberg Railway, the viewing platform, the photo gallery, the zoo, the pilgrimage basilica or the fairy tale and dwarf kingdom of Linz's Grottenbahn, there's something here for everyone. At the same time, you can enjoy a breathtaking view of the city and the Danube from the Pöstlingberg. The Pöstlingbergbahn Linz, one of the steepest adhesion railroads in Europe, creates with its design a harmonious combination of nostalgia and modernity. In just 20 minutes - starting from Linz's main square - it climbs the city's 539-meter-high local mountain. The cars of the historic Pöstlingbergbahn Linz have been gently modernized. Regardless of whether you take the new train or the nostalgia cars (only in summer) - a trip up the Pöstlingberg is an experience for the whole family.



The brothers Bernhard and Clemens Riha founded their first real estate company over 10 years ago. Today, the family-owned company with 14 employees at its two locations in Vienna and Baden works daily to make residential dreams come true. In the past ten years, they have revitalized over 1,000 apartments in Vienna, Lower Austria, Upper Austria, Burgenland and Styria. The family business is already one of the leading companies in the industry.

As a provider of real estate rental, real estate management, real estate marketing, taking over construction management and organization as well as refurbishment and renovation of existing properties, Gebrüder Riha VermögensverwaltungsgmbH stands for high quality, a wide range of services and many years of experience.

GR Real GmbH

GR Real GmbH

Bernhard & Clemens Riha
Bernhard & Clemens Riha