The project "Pasettistraße 25" is a revitalization including attic addition of an imposing apartment building in 1200 Vienna, with a total of 19 residential units and a total weighted living area of approximately 1,376 m². The revitalization project is located in a good location close to the Millenium City in Vienna and offers spacious terraces and balconies. 35% of the residential units have been pre-reserved by prospective buyers.
The property is surrounded by all important amenities for daily needs and is excellently connected due to its proximity to the Handelskai junction. It is only a few minutes' walk to the Handelskai S-Bahn and U-Bahn station, which means that the higher-level Praterstern transport hub can be reached in just a few minutes. In addition, various streetcar stations stop directly in front of the property.
The purchase of the property has already taken place, the building permit has already been issued and the planning of the project is in full swing. Construction work is already well advanced and sales of the residential units will start shortly. According to planning, completion is scheduled for spring 2022. Subsequently, the residential units are to be sold off individually.
The borrower is the registered owner of the property with the address Pasettistraße 25, 1200 in Vienna. A total of 19 residential units with a weighted total living area of 1,376 m² plus terraces and balconies will be built.
The acquisition of the property has already taken place, the planning phase has been completed and the construction progress is already well advanced. All residential units are to be sold individually, and there is currently a pre-reservation quota of 35%. The sale of the individual residential units will start shortly. It is expected that construction activities will be completed by spring 2022 at the latest.
During the term, the lender will receive an annual distribution of 6.75%.
The lender will receive its invested capital back after the apartments have been liquidated. According to the planning, this is to take place after a maximum of 24 months.
Discover the surroundings
Brigittenau is the 20th district of Vienna. The northern part of it, formed by the Danube Canal and the Danube main stream, was mostly uninhabited alluvial land until the regulation of the Danube in 1875. After that, development began in the late Wilhelminian street grid. The district is characterized by buildings from the Wilhelminian period, the interwar period and the post-war period, as well as numerous traffic and industrial facilities, which, however, have been gradually transformed into residential areas in the last two decades.
Austria's largest shopping center has been in existence since 1976 and is also one of the largest shopping centers in Europe. With over 192,500 m² of retail space, the SCS offers room for more than 300 commercial, gastronomic and entertainment businesses and also houses its own cinema. With 10,000 parking spaces, the SCS is primarily geared towards car traffic and enjoys great popularity even beyond the country's borders. Every year, more than 23 million visitors from Austria to Hungary and Slovakia visit the SCS and it offers a unique brand selection and shopping experience.
The 21-kilometer-long Danube Island is not only the most popular recreation area for the Viennese, but also an unforgettable experience for visitors to Vienna. The Danube Island can be reached from the city center in just a few minutes on the U1 and U6 subway lines. An extensive network of paths invites sports enthusiasts to go hiking, jogging, cycling and skating. Water fun is promised by bathing bays with shallow beaches as well as wild bathing areas, a water slide, a surfing school, a water ski lift and a boat rental.
The Hannovermarkt is a market in Vienna's 20th district Brigittenau, which stretches along Hannovergasse from Othmargasse to Gerhardusgasse. Its current appearance goes back to the general renovation of the year 2003 and settlement of various stalls and restaurants.
The Augarten is a public park with the oldest baroque garden complex in Vienna. In addition to a well-kept parterre garden with elaborate floral landscapes, it also offers an extensive area crisscrossed by shady avenues of chestnut, elm, linden, ash and maple trees, which provides space for recreation as well as sporting activities for the local population and tourists.
The Danube Canal, once also called the Viennese Water or Viennese Arm, is the arm of the Danube running through the center of Vienna. The Danube Canal branches off from the Danube in the 19th district near Nussdorf and rejoins it at Praterspitz. Of Vienna's 23 districts, almost a third benefit from this extraordinary stretch of water: downstream on the right side, one after the other, are districts 19, 9, 1, 3, and 11; on the left side, districts 20 and 2. Especially on nice days, the bustle of people on the canal can be observed, especially at the level of Leopoldstadt, since a large number of restaurants and bars have established themselves here. Anyone who has experienced the afternoon sun here knows that the Danube Canal is a great place for relaxing moments with family and friends. Those who prefer to spend their free time in sportswear will also get their money's worth: upstream and downstream there is enthusiastic cycling, jogging, walking and much more.
|Development Stage||New Construction|
|Track Record||More than € 250 million developed|
|Existing Bank Financing||Yes|
The Donor Group, a family-owned company based in Vienna, realizes as a project developer and property developer sophisticated and sustainable urban projects in attractive locations in and around Vienna as well as in other selected locations in Austria.
People, long-term partnerships and responsibility guide us in all services of the real estate value chain: site search, land and property acquisition, development, planning, financing, construction and marketing.
Our expertise ranges from complex loft conversions to major urban projects. Our aim is to create buildings that optimally meet the functional and architectural requirements of future users. To this end, we seek and establish long-term partnerships with architects, construction companies, banks, investors and ultimately with the buyers. For us, successful action means bringing all participants in the value chain into a "win/win" situation; responsible action means taking responsibility for construction projects whenever asked.