Funded successfully

Portfolio Wien West

Vienna

Return

6.5% p.a.

Duration

30 months

Project type

Growth

Distribution

Yearly

Notice according to § 12 (2) Vermögensanlagengesetz

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

Project Presentation

The "Portfolio Wien West" project consists of two redevelopment properties located in the immediate vicinity, 2 minutes' walk from each other, at "Ortnergasse 7" and "Sechshauserstrasse 41" in Vienna's 15th district. Both properties are refurbishment projects that have already been purchased for the subsequent sale of the individual residential units.

In "Ortnergasse 7, 1150 Vienna", 15 comfortable, excellently divided residential units with floor areas ranging from 26 m² to 122 m² are undergoing comprehensive renovation. In the case of the 3-storey residential building, an attic will be developed, including an addition of one floor. Furthermore, additional open spaces for relaxed living will be created by balconies and terraces. All in all, this involves 837 m² of usable floor space and open spaces with an area of 127 m².

At "Sechshauserstraße 41, 1150 Vienna", the general renovation of a residential building, which is also 3-storey, is underway. Here, a total of 11 renovated residential units with floor areas ranging from 27 m² to 105 m² will be renovated in a high-quality, modern manner. Generous open spaces such as balconies, loggias, winter gardens and terraces round off comfortable living in Sechshauserstraße. All in all, this is 851 m² of usable space and open spaces with a size of 367 m².

Deal Highlights

Vienna - the metropolis on the blue Danube

For years Vienna has been enthroned at the top of the cities with the highest quality of life. This year again, Vienna's blend of quality of living, first-class cultural offerings, local recreation areas and public transport infrastructure took the top spot in the international study "Quality of Living 2018" by the consulting firm Mercer Consulting. Especially in comparison with top international cities, property prices are moderate and construction quality is high.

Central location in the 15th district

The 15th district in Vienna, also known as the Rudolfsheim-Fünfhaus, stands out above all for its proximity to the city centre. In the 15th district you can find the Westbahnhof and the Stadthalle. From both real estate projects, the Längenfeldgasse underground station can be reached on foot in 3-5 minutes.

Attractive interest rates - 6.5% annual payout

Investors receive an annual return of 6.5% on their invested capital. The interest is distributed to the investors every year. The invested capital is repaid to the investors at the end of the term.

Design and implementation of the project by ADRIALE Holding

ADRIALE Holding develops, constructs and manages residential, office and commercial real estate in Austria and, above all, wants to play a decisive role in shaping the function and aesthetics of urban space. The main focus is on the efficient and long-term use of resources in Austria, which will further develop and improve the city at all levels. ADRIALE Holding offers affordable apartments mainly in old buildings but also in new buildings. The main objective is to revitalise the city and increase the quality of life of its residents.

Investment Case

For the purpose of partially refinancing the own funds used, SplusO Immo GmbH - a 75% subsidiary of ADRIALE Holding GmbH as well as a 25% subsidiary of INRESCO Immo Consult GmbH - intends to take out qualified subordinated loans of a maximum of €1,250,000.

The borrower is the owner of the property EZ 248 KG 01307 in Ortnergasse 7, 1150 Vienna and the property EZ 20 KG 01307 in Sechshauserstraße 41, 1150 Vienna. A total of 26 residential units ranging in size from 26 m² to 122 m² on 3 floors each will be created. The property has already been acquired with a legally binding building permit and planning activities are in full swing. The goal is to sell the residential units individually at market prices.

Annual distributions:

During the term of the loan, the lender will receive an annual distribution of 6.5%.

Short term:

The lender receives its invested capital back after the sale of the apartments. According to the plan, this is to take place after 30 months.

Financials

Total cost of land (incl. service charges)
2.585.000 €
Construction costs (including ancillary construction costs)
4.173.943 €
Additional costs
344.882 €
Financing costs
350.000 €
Marketing and Sales
107.925 €
Total investment
7.561.750 €
Revenues
9.408.207 €

Finance Structure

Location

Schönbrunn Palace is the largest palace and one of the most important and most visited cultural assets in Austria. Schönbrunn Palace and its 160-hectare park are part of the UNESCO World Cultural Heritage. Under Empress Maria Theresia, Schönbrunn Palace acquired its present form and served as the summer residence of the Austrian imperial family from the mid-18th century until the end of the First World War. During this period the palace was almost continuously occupied by a court consisting of several hundred persons and became a cultural and political centre of the Habsburg Empire. During the Austro-Hungarian Monarchy it was also "k.u.k. Lustschloss Schönbrunn". The spacious surrounding park can be used for extensive walks and long runs.

Discover the surroundings

Schönbrunn Palace

Schönbrunn Palace is the largest palace and one of the most important and most visited cultural assets in Austria. Schönbrunn Palace and its 160-hectare park are part of the UNESCO World Cultural Heritage. Under Empress Maria Theresia, Schönbrunn Palace acquired its present form and served as the summer residence of the Austrian imperial family from the mid-18th century until the end of the First World War. During this period the palace was almost continuously occupied by a court consisting of several hundred persons and became a cultural and political centre of the Habsburg Empire. During the Austro-Hungarian Monarchy it was also "k.u.k. Lustschloss Schönbrunn". The spacious surrounding park can be used for extensive walks and long runs.

West railway station

The Westbahnhof is an important traffic junction from which the Westbahn runs to numerous provinces and cities in Austria. Numerous underground and tram lines also stop here. Underground there is a shopping centre with restaurants, above ground the Mariahilfer Straße, which runs in a west-east direction in front of the station building, provides a direct connection to the city centre.

Vienna City Hall

The Wiener Stadthalle is the largest event centre in Austria and one of the leading event locations in Europe. In total, the Wiener Stadthalle comprises six event venues and a large sports area including a swimming pool and ice rink. More than 300 events are held here every year; from top international acts, the ATP tour stop 'Erste Bank Open', to cabaret and musicals, there is something for every taste.

Auer-Welsbach Park

The Auer-Welsbach-Park is a park in the 15th district and is surrounded by Linker Wienzeile, Schönbrunner Schlossallee, Mariahilfer Straße and Winckelmannstraße. The Auer-Welsbach-Park is the largest park in the 15th district with about 110,000 m² and was named after the Austrian chemist Carl Auer von Welsbach. The park includes a youth sports facility for handball, fistball and athletics as well as a spacious dog area. Numerous meadows and plenty of tree shade invite you to linger.

Mariahilfer Straße

The outermost part of what is probably Vienna's most famous shopping street, Mariahilfer Strasse, is located in the 15th district and serves as a direct connection from the Westbahnhof railway station to the city centre. As the longest shopping street in Europe, Mariahilfer Strasse stretches for almost 4 kilometres, on which many international brand shops can be found and which is also dedicated in sections as a pedestrian zone. The inner Mariahilfer Strasse has already served as a special shopping street for the imperial and royal family. Monarchy and even today it still houses these local suppliers. In the meantime, it has established itself as the centre of Vienna's young and hip scene.

location-map_02e90322ab

Rating

C
CategoryRatingPoints
LocationPrimary
1
VacancyPartially leased
2
Development StageRehab
2
Track Record€50-249 million developed
2
Asset TypeResidential
Duration18-36 months
2
Existing Bank FinancingYes
Pre Sales0-9,9%
3
Total
12
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

SplusO Immo GmbH is a 75% subsidiary of ADRIALE Holding GmbH and a 25% subsidiary of INRESCO ImmoConsult GmbH. ADRIALE Holding has so far positioned itself very successfully as a property developer and project developer in Austria. ADRIALE is specialized in the expansion of attics and the construction of new buildings. But also in the fields of conversion, extension and addition of storeys ADRIALE convinces with professionalism, quality and experience. Furthermore, it inspires with its extraordinary services and fulfils individual customer requirements for any financial framework. ADRIALE creates mutual trust not only with competent support and service, but also through proper planning and cost-optimized construction. Thus, every wish can be realized.

ADRIALE Holding GmbH

ADRIALE Holding GmbH