The project "Troststraße 81" is a stylish new construction project, in which a total of 28 residential units are being built. The new building project convinces with modern construction and well thought-out, contemporary equipment. The real estate project is being realized in Vienna's 10th district within walking distance of the Wienerberg recreation area. The location of the property is characterized by its very attractive price/performance ratio with potential to grow. Numerous local suppliers are within walking distance. The modern living space will be built in the middle of the up-and-coming micro-location Wienerberg, Matzleinsdorfer Platz and Reumannplatz. Vienna's city center can be reached in less than 10 minutes via the U1 "Reumannplatz" station.
A total of 28 residential units with a weighted total living space of 1,418 m² are being built here as part of the new construction. The units have balconies and loggias. The residential units are planned for 100% residential use.
The project will be realized by Troststraße 81 Errichtungs GmbH a subsidiary of our professional partner DEMAX Holding GmbH. The issuer has already acquired the property, the building permit and the contracts for the implementation of the construction measures have been obtained and the start of construction has already begun.
Furthermore, the project has already been sold in its entirety to Raiffeisen Vorsorge Wohnung GmbH by means of an option agreement.
The borrower is the registered owner of the property with the address Troststraße 81, 1100 Vienna. The project consists of a total of 28 units with a weighted residential floor area of approximately 1,418 m². A 100% residential use is planned. According to plan, a global sale of the entire property is to take place after completion of the construction of the new building project.
The acquisition of the land has already taken place, the planning phase has been completed and the building permit has also been obtained. The Issuer is already the owner of the land (a land register entry is available). Furthermore, the project has already been started and the first construction measures have taken place. The entire project has already been sold to Raiffeisen Vorsorge Wohnungen GmbH by means of an option agreement.
During the term, the lender will receive an annual distribution of 7.25%.
The lender will receive its invested capital back at the end of the 24 months. This is to be done in accordance with the plan for the settlement of the global sale.
Favoriten is the 10th district of Vienna. It is located south of the inner districts, extends to the southern city limits and is an area district with strong population growth and high construction activity. Early on, the district enjoyed rapid population growth due to many resident industries. Already at the beginning of World War I, the district population was almost 160,000. Even after World War II, the population in Favoriten - in contrast to many other Viennese districts - quickly rose again to the pre-war level due to large-scale land reserves. Today, Favoriten is the city's most populous district, with about 210,000 residents, and is home to about 10 percent of Vienna's total population. Historically, Favoriten was always perceived as a working-class district, but this has changed significantly in recent years.
Troststraße 81 is in an excellent location and is ideally connected to the public transportation network. The nearby subway station makes it possible to reach the city center in less than 10 minutes. A variety of other public transportation options, such as bus line 65A or streetcar lines 11 and O are in the immediate vicinity.
Troststraße 81 is in an excellent location and is ideally connected to the public transport network. A variety of public transportation options such as the subway station Reumannplatz which is only a 20-minute walk away, or the bus line 65A as well as the streetcar lines 11 and O, which can be reached in a few minutes. The Wienerberg recreation center is within a few minutes walking distance. Via Reumannplatz you can reach the city center in just under 8 minutes without any worries.
More than 30,000 new residential units have been built around the area of the main station in recent years. The main station has thus had a major impact on Vienna's cityscape. Since the complete opening of the main station in 2015, more than 268,000 passengers pass through here every day, which is why it is considered the busiest station in Austria. In addition to long-distance trains to all of Europe, public transport is also seamlessly integrated into the infrastructure of the main station. Both the U1 subway and commuter trains and streetcars come together at this transportation hub. In addition to local and long-distance transportation, the facility also offers a shopping center with more than 20,000 m², which is used not only by travelers and employees in the area, but also by residents and visitors.
A new urban district has also been created in the immediate vicinity around the main station, where several thousand apartments have been built and many jobs have been created by the relocation of many large domestic and international companies. Erste Bank, for example, opened its new campus a few years ago right next to the main station and, appropriately enough, the corporate headquarters of the Austrian Federal Railway are now also located at the new main station. The central station has therefore not only created an important transport hub, but has also had a lasting positive impact on an entire city district.
The Favoritenstraße shopping street is one of the longest in Austria and offers a wide range of different stores. In addition to traditional family businesses and international chains, a wide range of culinary offerings line Favoritenstraße.
Wienerberg City is a district in Favoriten and, along with Donau City, forms Vienna's largest skyscraper cluster. The former corporate headquarters of Philips Austria was initially built on the site of the former brickworks. Gradually, further skyscrapers were erected, so that today it is seen as a district in its own right. In total, the modern district has about 230,000 m² of total floor space, of which about 130,000 m² is office and retail space. Of the 8 buildings in Wienerberg City, 3 have a height of over 100 meters. A cinema, a shopping center, a hotel as well as educational facilities complete the offer.
The Wienerberg recreation area in Vienna is a large green space on former brickyard land on the southern slope of the Wienerberg. It is located in the south of the city in the 10th district (Favoriten) between Triester Strasse in the west, Raxstrasse in the north, Neilreichgasse in the east and Otto-Probst-Strasse and Friedrich-Adler-Weg in the south. It is one of the areas acquired by the city administration from 1955 onwards in a decade-long effort to enable the extension of the forest and meadow belt to the south and east.
Columbus Center is a small but very fine shopping mall that enjoys great popularity locally. The center on the pedestrian zone Favoritenstraße in the 10th district is characterized by its variety of stores, its location and infrastructure. The Columbus Center offers a successful, relaxed shopping experience in a central and lively part of Vienna.
|Development Stage||New Construction|
|Track Record||More than € 250 million developed|
|Existing Bank Financing||Yes|
The DEMAX GROUP relies on many years of experience in the field of real estate investments, whose focus is on information-rich consulting for low-risk investments and an above-average return. The Demax Group has succeeded in all matters of the real estate industry, from the planning of projects and financing to the development and - last but not least - the sale of real estate. The existing know-how combined with trust, reliability and sustainability are the cornerstones that make up the Demax Group.