Notice according to § 12 (2) VermögensanlagengesetzThis investment involves considerable risk and may result in partial or total loss.
The project "Stock im Weg 1" is a trend-setting new construction project in Vienna's 13th district Hietzing with an exclusive and innovative living experience. The ensemble, consisting of two divided building parts, comprises a total of 41 high-quality condominiums, which are divided into different apartment types and sizes between 45 and 150 m². Located in the west of Vienna - in Ober Sankt Veit - the project convinces with a unique location between formative architecture, Viennese culture and lush nature on the edge of the Lainzer Tiergarten.
The innovative and ecological energy concept, which includes the use of a highly efficient heat pump, an ecologically oriented building services control system and a well thought-out green space concept, gives the project a showcase character. In addition, the project is expected to receive ÖGNI certification in the near future, an award for buildings with high ecological, economic and socio-cultural added value for the environment, building owners and users.
The development project will create a total of around 3,800 m² of usable space here, with 100 percent residential use. Following completion of the project, all residential units will be sold individually. The purchase agreement has been concluded and the issuer is already the owner of the property. A building permit and the contracts for the execution of the construction measures have been obtained. The construction activities already started as planned in the 1st calendar quarter 2023 and are expected to be completed by the 1st calendar quarter 2025.
The borrower is the registered owner of the property with the address Stock im Weg 1, 1130 Vienna (Austria). As part of the development project, a total of approximately 3,800 m² of usable floor space will be created here. The property comprises the land with a plot area of 3,064 m². The new construction project is a 100% residential use.
The aim of the issues is to partially redeem the own funds used, to realize the financing of the construction measures of the new building and the subsequent individual sale of the residential units. A building permit and the contracts for the implementation of the construction measures have been obtained. The construction activities already started as scheduled in the 1st calendar quarter of 2023 and are expected to be completed by the 1st calendar quarter of 2025.
During the term, the lender will receive an annual distribution of 6.25%.
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 36 months.
Vienna's 13th district Hietzing is considered Vienna's "greenest" district, as more than 70 percent of the total area is green space. This is mainly thanks to the Vienna Woods, which extend over large parts of the district. It is also home to the Lainzer Tiergarten (Lainz Zoo), which is known primarily for its diverse wildlife living freely within the garden. The famous Hermes Villa can also be found here. Empress Elisabeth affectionately called it the "Castle of Dreams" and it still provides glimpses of imperial private life. Hietzing lies to the west of Vienna's city center and is also the city's third largest district. With the decision to make Schönbrunn Palace the imperial summer residence, Hietzing developed from a suburb into a noble district.
Hietzing is divided into Alt-Hietzing, Unter St. Veit, Ober St. Veit, Hacking, Lainz and Speising. Each of the districts has its own charm and special features. Low supply and numerous advantages lead to the fact that the entire district with the imperial flair of former times is one of the most expensive residential areas in Vienna.
Nothing is worth more than a good location. The project "Stock im Weg 1" is located in the middle of Vienna's 13th district Hietzing. In the immediate vicinity are numerous local amenities of all kinds, as well as a variety of leisure activities and the green outskirts of Vienna. With bus line 54A directly in front of the property and the U4 station Ober St. Veit 15 minutes away, the location is very well connected to the public transport network. Extensive green areas such as the Girzenberg, the Lainzer Tierpark as well as numerous playgrounds and outdoor parks are within walking distance and invite you to recreation and sports activities.
The project is located in Ober Sankt Veit, one of the districts of Hietzing as well as a unique refuge of Vienna. Already at the end of the 19th century, this noble quarter in Hietzing, steeped in history, was one of the most sought-after residential areas for nobility, high officials, artists and wealthy citizens and has retained its unique charm to this day. It is not for nothing that it is affectionately called "the village in the city". What also makes the area unique is the mix of formative architecture, Viennese culture and lush nature on the edge of the Lainzer Tiergarten. Ober Sankt Veit captivates with its village charm and attracts young and old with its wide range of leisure activities in nature.
Schönbrunn Palace is the largest palace as well as one of the most important and most visited cultural assets in Austria. Schönbrunn Palace, together with its 160-hectare park, is a UNESCO World Heritage Site. Schönbrunn Palace acquired its present form under Empress Maria Theresa and served as the summer residence of the Austrian imperial family from the mid-18th century until the end of World War I. During this time, the palace was almost completely renovated. During this period, the palace was almost continuously inhabited by a court of several hundred people and became a cultural and political center of the Habsburg Empire. During the Austro-Hungarian monarchy it was also called "k.u.k. Schönbrunn pleasure palace". The spacious surrounding park can be used for extensive walks and long runs.
Schönbrunn Zoo, located in the park of Schönbrunn Palace in Vienna's 13th district of Hietzing, was founded by the Habsburgs in 1752 and is the oldest zoo in the world still in existence. The director of the zoo since 2020 is the zoologist Stephan Hering-Hagenbeck. Since 2006, the zoo has over 2 million visitors every year. There are about 7,800 animals from 700 species on an area of 17 hectares. In Anthony Sheridan's Zoo Rankings, the zoo was named best European zoo five times in a row (2008, 2010, 2012, 2014 and 2018). In the 250th anniversary year (2002) of the zoo, the Rainforest House was opened. The huge glass house presents a section of a mountainside in the rainforest of Southeast Asia. Clouds of mist drift across the wooden walkway, the outlines of water turtles can be seen in the pond, an approaching thunderstorm sends its mighty rumble ahead - everyday life in the rainforest and can also be experienced in the Schönbrunn Zoo. The importance of the rainforests is illustrated here in a lifelike manner.
A last piece of primeval Vienna Woods - this is the Lainzer Tiergarten, located on the outskirts of Vienna. For many decades, this special recreation area has been a popular destination for city dwellers, as well as tourists from near and far. Thanks to the unique cultural and natural landscape, the richness of the flora and fauna and the cultural-historical exhibitions in the Hermes Villa, the Lainzer Tiergarten is an ideal place to combine recreation and the experience of nature. Its total area covers 2,450 hectares, of which 1,945 hectares are woodland. The enclosure wall of the Lainzer Tiergarten has an incredible length of about 22 kilometers.
Ober St. Veit is a historic district in the middle of Vienna's 13th district Hietzing. Tranquil alleys and picturesque surroundings are best explored on foot. There is much to discover around Hietzinger Platzl: the weekly farmers' market with regional delicacies, young creative stores, fine delicatessens, trendy boutiques, high-quality gastronomy and legendary coffee houses like Cafe Dommayer.
The Hofpavillon Hietzing by the well-known architect Otto Wagner, occasionally also called Hofwartesaal or Kaiserpavillon, was once a separate reception building of the Vienna Steam City Railway for Emperor Franz Joseph I and his entourage and is today a branch of the Wien Museum. As such, it is located 160 meters inland from the now demolished regular reception building of the Hietzing station, which is now served by the U4 line of the Vienna Underground. On the street side, it is connected to Schönbrunner Schlossstrasse. Completed in April 1898, the building was given a distinctive, prestigious exterior and a sumptuous interior in the spirit of Art Nouveau, entirely tailored to the needs of the emperor.
|Evaluation of the location||Primary|
|Project stage||Maturity phase|
|Track record of the real estate partner||>100 Mio. €|
JP Immobilien Group was founded more than 25 years ago by business partners Daniel Jelitzka and Reza Akhavan. It is one of the most active and successful market players in the Austrian real estate industry with a focus on Vienna. It is still owner-managed and therefore completely independent. According to the principle "Real Estate Business is People Business" all customers are personally attended to. The many years of experience, the know-how and the competence of our colleagues stand for sustainable real estate specific solutions for the benefit of our customers. Regardless of whether it is a matter of satisfying a residential need or optimizing the earnings of an entire real estate portfolio.