Project Presentation

The project "Wassergasse 10" is both an impressive new construction project and a revitalization of an ensemble-protected building. The real estate project is being built in the middle of the pedestrian zone in the UNESCO World Heritage City of Baden near Vienna. Baden is located on the edge of the Vienna Woods and offers a quiet retreat from which Vienna's city center can be reached in just 40 minutes.

As part of the new construction and revitalization, stylish and elegant spaces for residential and commercial use will be created here in two separate structures. Approximately 55% of these spaces are planned for residential use and 45% for commercial use. According to plan, 22 residential and commercial units will be created with approx. 1,756 m² of floor space as well as balconies, loggias and gardens. The barrier-free commercial spaces have a planned size between 95 m² and 250 m².

At the corner of Wassergasse 8-10/Breyerstraße 1 is the Café Konditorei Lehner. The family business is already in its fourth generation and has been offering pastries of unique quality since 1929, when it became Baden's oldest café. As part of the construction measures, a comprehensive revitalization of the commercial areas will also take place here, in order to let the restaurant shine in a new splendor.

The purchase of the property has already taken place, the building permit has already been applied for and the development of the property is already in full progress. Construction will start in the 2nd quarter of 2022 and completion is scheduled for the 1st quarter of 2024.

Deal Highlights

M.A.L. Immobilienentwicklungs GmbH

The project developer Wassergasse 8 and 10 Projektentwicklungs GmbH is a subsidiary of M.A.L. Immobilienentwicklungs GmbH. The company is a dynamic and professional real estate development company with many years of expertise and an international network. With the right know-how, discipline and curiosity, the team of M.A.L. Immobilienentwicklungs GmbH is focused on future-oriented urban development. The company places particular emphasis on sustainable materials and high-quality construction in its projects. With all these values, the company has already been able to successfully realize several projects.

Attractive interest rates and short term - 7% yield with 24 months term

Investors receive an annual interest rate of 7% on their invested capital. The interest is distributed to the investors every year. The capital invested is repaid to the investors at the end of the term of a maximum of 24 months.

RENDITY Immediate interest - interest from the 1st day

Investors receive the Rendity Immediate Interest from the moment they deposit their investment, which is paid out as soon as the subscription period expires. With Rendity Immediate Interest, investors can receive interest on their invested capital not only for the term of the loan, but also for the period prior to that. Thus, you will receive interest on your investment even during the subscription period. The accrued Rendity Instant Interest is already paid out to the Wallet after the end of the subscription period.

Residential and commercial space to the most stylish & highest quality standards

A total of 22 high-quality units are being created, consisting of condominiums as well as commercial space. The commercial use is suitable for offices, surgeries and law firms. The areas of the barrier-free commercial spaces will range from 95 m² to 250 m². The residents of this property will benefit from an excellent location in the center of Baden. In the immediate vicinity are numerous local amenities that leave nothing to be desired.

UNESCO World Heritage City of Baden near Vienna

Baden near Vienna is particularly sought-after as a health resort due to its healing sulfur thermal springs, which were already used in Roman times. In 2021, the sought-after city was named a World Heritage City by the World Heritage Committee

Investment Case

The borrower is the registered owner of the property with the address Wassergasse 8-10/Breyerstraße 1, 2500 Baden. A total of 22 units will be created through the construction of a new annex and the renovation of an existing building. The issuer plans to sell all units individually. A 55% residential and a 45% commercial use is planned.

The payment of the interest on the bond will largely be made from the current rental income generated by the commercial space on the first floor. A major contribution to this is made by the anchor tenant Café Konditorei Lehner.

The acquisition of the property has already taken place and the issuer is already the owner of the property (a land register entry has been made). The building permit has already been applied for and the planned start of construction will take place in the 2nd quarter of 2022. Completion is expected in Q1 2024.

Annual distributions:

During the term, the lender will receive an annual distribution of 7%.

Short Term:

The lender will receive its invested capital back after completion of the new building. According to planning, this is to take place after a maximum of 24 months.

Financials

Purchase price land
2.680.000 €
Incidental acquisition costs
242.300 €
Planning costs
240.000 €
Construction costs and ancillary construction costs
4.681.300 €
Financing costs
299.400 €
Total investment costs
8.143.000 €
Sales revenue assumption
11.131.000 €
Total profit
2.988.000 €

Finance Structure

Location

Welcome to Baden

Baden, also known as Baden bei Wien, is located on the so-called thermal border in Lower Austria, south of the Vienna city limits, on the edge of the Vienna Woods. The small town covers just under 27 km² and around 30,000 inhabitants find their home in the imperial city. The city of Baden is a sought-after travel and excursion destination due to its many attractions. The internationally known casino in Baden contributes significantly to Baden's tourism.

Microlocation Wassergasse 8-10

The new building project "Wassergasse 10" is ideally located in the heart of Baden and is thus surrounded by all important local suppliers of daily needs. In the immediate vicinity are several exciting attractions that invite you to linger. The 52-hectare spa park as well as the Casino Baden and several historical sights are within walking distance from the corner of Wassergasse and Breyerstrasse. Even in Roman times, Baden near Vienna was coveted for its healing sulfur thermal springs. Baden is one of the most important health resorts in Austria and was therefore designated a World Heritage City by the World Heritage Committee in 2021.

Discover the surroundings

Baden is located on the edge of the Vienna Woods and is therefore an ideal retreat from the big city of Vienna. The city center of the metropolis Vienna can be reached within 40 minutes by car. The historic spa town has some exciting sights to offer, such as the Casino Baden, the thermal baths or the numerous gardens. The city is characterized by the buildings from the Biedermeier period. The Vienna Woods, which are in the immediate vicinity, are the perfect starting point for extensive hikes.

Thermal Region & Wine Country Lower Austria

The thermal region of Lower Austria, south of Vienna, includes the areas of Wienerwald, Bad Vöslau, Bad Fischau and Baden. These sought-after spas can be reached from Baden in just a few minutes by car. The Römertherme in Baden offers one of the most beautiful sauna and bathing areas south of Vienna. In particular, the healing sulfur thermal water has been renowned in Baden near Vienna since Roman times.

The thermal spa region is also home to Austria's best wines. Wine culture in the region can be traced back to the Middle Ages and since then, sought-after white and red wines have been produced here. The best grapes grow in the Baden area, on the sun-drenched slopes on the edge of the Pannonian Plain. Already in early years, wines of award-winning and high quality were produced here by traditional winemakers. Gumpoldskirchner and other renowned winegrowers achieved, both nationally and internationally in the Baden wine production great reputation. To this day, prestigious wines of the highest quality are produced in the Weinland Thermenregion. Baden-Gumpoldskirchen invites you to one of the most beautiful wine walks in the wine country. Especially in late summer, the surroundings can be enjoyed on the so-called Genussmeile. Here the winegrowers offer delicacies from the surrounding area and homemade quality wines.

Casino Baden

Casinos Austria operates around 12 casinos in Austria with international gaming. Casino Baden is one of the most attractive and beautiful casinos in Austria. The casino is housed in a listed building, which was founded in 1886 as a spa house. The historic building in Biedermeier style represents for many the ideal image of a casino. Visitors are attracted not only by the exciting gambling, but also by cultural events that regularly take place on the casino's premises.

The gardens of Baden

Baden near Vienna looks back on a long tradition of garden culture. Here, people like to stroll through the spa park or the Doblhoffpark, which has the largest rosarium in Austria and is located right next to the renowned casino.

The historic recreation area is characterized by its impressive nature and spa park. The park covers a green area of over 52 hectares, making it the largest spa park in Europe. Young and old alike will find here an ideal place to relax. In summer, a small nostalgic spa confectionery offers refreshments and treats. In addition to a beautiful green landscape, the sprawling park also has important epochal landmarks. The Beethoven Temple and the Music Pavilion allow for small short concerts during the summer months. The spa park flows smoothly into the black pine forests of the Vienna Woods with their numerous hiking trails.

Only a few minutes' walk from the spa park is the 9-hectare Doblhoff Park with its idyllic pond, which serves as an outdoor swimming pool during the summer months. The park is one of the most popular recreational areas in Baden and also the largest rose garden in Austria. Tourism in Baden is enriched by the Rose Garden. On the magnificent 75,000 m² green area, more than 800 rose varieties provide a particularly magical flair during the blooming season in June.

Beethoven House in Baden

Famous composers and emperors, such as Ludwig van Beethoven or Emperor Franz I, regularly took the cure in Baden. Artists and composers were often inspired to write their works in the city of Baden, Beethoven wrote essential parts of his ninth symphony here. Visitors can immerse themselves in the world of the composer in Beethoven's house.

Rauhenstein Castle Ruin

The imposing ruins of Rauhenstein Castle are located near Baden near Vienna. Rauhenstein and Rauheneck were built in the 12th century. From the ruin you have an excellent view of the so-called town of Baden, which can also be called a Biedermeier town. The ruin is not only an attractive destination for short hikes near Vienna, but also one of the largest castle complexes in the Vienna area.

Rating

B
CategoryRatingPoints
LocationPrimary
1
VacancyPartially leased
2
Development StageNew Construction
3
Track RecordMore than € 250 million developed
1
Asset TypeResidential
Duration18-36 months
2
Existing Bank FinancingYes
Pre Sales10-20%
2
Total
11
B
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

M.A.L. Immobilien Group is a dynamic and professional real estate development company, which is mainly specialized in the development of residential properties. With international contacts and the right know-how, numerous real estate projects could already be realized. We always strive to serve the needs of our customers and focus on high quality completion with sustainable materials.

M.A.L. Immobilienentwicklungs GmbH

Milestones
Property Purchased
Building Permit
Start of Construction
Start Sales
Construction work completed