Funded successfully

Wiedner Hauptstraße 140

Vienna

Return

6.25% p.a.

Duration

36 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 project "Wiedner Hauptstraße 140" is the construction of a real estate project with 57 flats which will be realised by the successful developer JP Immobilien. In this project, special attention is being paid to sustainability. The roofs of the project are greened and equipped with photovoltaic systems. The central heating and space heating systems are fed from the public supply network and the central cooling supply is provided by a heat pump in the basement.

The project is being realised by JP-Immobilien. The issuer is already the owner of the property. **A building permit and contracts for the implementation of the construction measures have been obtained. Construction will start in the first calendar quarter of 2023 and completion is planned for the fourth calendar quarter of 2024. The sales launch has already taken place and the sales phase is in full swing.

This real estate project is a modern residential complex with a total of 56 residential units and one commercial unit. The plot area of the property comprises 1,718m² and the total size of the property is expected to be around 3,904m² after completion.

The property is located in the 5th district of Vienna, which is one of the so-called inner districts of Vienna. From the property, the most popular sights of Vienna can be discovered on foot. Wiedner Hautstraße is considered a lively shopping street in Vienna. Local amenities of all kinds can be reached in a very short time.

Deal Highlights

Premium Partner: JP Real Estate

The borrower and owner of the property is Dr. Jelitzka + Partner Gesellschaft für Immobilienberatung und -verwertung GmbH, a company of the JP Immobilien Group, a real estate developer and portfolio holder with decades of experience. JP Immobilien's guiding principle: We want to plan with our finger on the pulse of time and recognise housing needs earlier than others. For 25 years now, the JP Immobilien Group has been successfully active in the following areas of the real estate industry, among others: Investment, Development, Redevelopment, Marketing and Property Management. As a real estate developer, the company thus covers the entire portfolio in the real estate segment and is represented in all asset classes.

Attractive interest rates and short term - 6.25 % yield with a term of only 36 months

Investors receive an annual interest rate of 6.25% on their invested capital. The interest is distributed every year. The capital invested is fully repaid to the investors at the end of the short term of a maximum of 36 months.

Planning permission has already been granted; Sales start already triggered

The purchase agreement for the acquisition of the property has been concluded and the Issuer is already the owner of the property. A building permit has been obtained. Contracts for the implementation of the construction measures are in place. Construction will start in the first calendar quarter of 2023 and completion is planned for the fourth calendar quarter of 2024. The sales launch has already taken place and the sales phase is in full swing.

Project with a focus on sustainability

This project focuses on sustainability. The roofs of the project are greened and equipped with photovoltaic systems.

RENDITY Immediate Interest - Interest from Day 1

Investors receive the Rendity Immediate Interest from the moment they deposit their investment, which is paid out after the end of the subscription period. With the Rendity Immediate Interest, investors not only receive interest on their invested capital for the term of the loan, but also for the period before. This means that investors also receive interest on their investment during the subscription period. The accrued Rendity Instant Interest is already paid out to the Wallet after the end of the subscription period.

Investment Case

The borrower is the registered owner of the property with the address Wiedner Hauptstraße 140, 1050 Vienna. In the course of the project, 41 residential units, one commercial unit and 15 townhouses will be built as condominiums with open spaces. The living space of the units ranges from 30m² to 107m². The property comprises the plot with 1,718m² and the total size of the property (total usable area) will be around 3,904m².

The objective of this issue is to partially redeem the own funds used, the financing of the construction measures for the construction of a real estate project, as well as the subsequent global sale of the residential and commercial units. The building permit and the contracts for the implementation of the construction measures have been obtained. The construction measures are scheduled to take place in the 1st calendar quarter of 2023 and completion is planned for the 4th calendar quarter of 2024. The sales launch has already taken place and the sales phase is in full swing.

Annual distributions:

During the term, the lender will receive an annual distribution of 6.25%.

Short Term:

The lender receives its invested capital back after realisation of the flats. According to the planning, this is to take place after a maximum of 36 months.

Financials

Purchase Price Property
7.440.000 €
Ancillary purchase cost
528.082 €
Construction cost
16.561.283 €
Financing cost
2.170.635 €
Total investment cost
26.700.000 €
Revenue
29.778.760 €
Profit
3.078.760 €

Finance Structure

Location

Discover the surroundings

Margareten is the district where culture and architecture meet Viennese charm. Bruno Kreisky, Falco and Hans Moser have already lived here and it's no wonder, because hardly any other district embodies the versatility of Vienna as much as the 5th district.

Matzleinsdorferplatz

Matzleinsdorfer Platz is an important transportation hub in Vienna, serving as a stop for streetcars, commuter trains and regional trains. With the connection to the subway network by the extension of the subway line U2 until 2026, Matzleinsdorfer will gain even more importance and connect the 10th district directly with the city center.

Leopold Rister Park

Leopold Rister Park was named after Leopold Rister (1873 to 1934), who was the district head of Margareten from 1921 to 1934. For several years, the park has been child-friendly and handicapped accessible. Among locals the park is also called "Körnerhofpark" or "Hochhauspark".

Vienna Central Station

Around the area of the main station, more than 30,000 new residential units have been built in recent years. The main station has thus had a strong influence on the cityscape of Vienna. Since the complete opening of the main station in 2015, more than 145,000 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 20,000m², which is used not only by travelers and employees in the area, but also by residents and visitors.

In the immediate vicinity of the main station, a new urban district has also been created, in which several thousand apartments have been built and many jobs have been created by the settlement 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 not only created an important transportation hub, but has also had a lasting positive impact on an entire city district.

Belvedere Palace

The Belvedere is not only a magnificent Baroque palace, but also houses one of the most valuable art collections in Austria - with major works by Gustav Klimt, Egon Schiele and Oskar Kokoschka. Prince Eugene of Savoy (1663-1736), a successful general and art lover, had the Belvedere Garden Palace built by Johann Lukas von Hildebrandt as his summer residence - at that time just outside the city. The baroque synthesis of the arts consists of two palaces, the Upper and Lower Belvedere, and today houses Austrian art from the Middle Ages to the present.

Palace Square

Tucked away in the historic core of the 5th district, and less than a 2-minute walk from Margaretenplatz, is the Schlossquadrat, a complex of buildings with history dating back to the 14th century. Today, the former estate invites you to enjoy and linger. You can quickly escape the hustle and bustle of the city here, through the idyllic Schanigärten of the Schlossquadrat, with a rich offer of culinary delights.

location-Unbenannt_2a4bd909f7

Rating

A
CategoryRatingPoints
Evaluation of the locationPrimary
1
Vacancy0-9.9% sold
2
Project stageEarly phase
3
Track record of the real estate partner>100 Mio. €
1
Asset classResidential
Bank FinancingYes
Financing structure<60%
1
SecurityYes
Total
8
A
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

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.

JP Immobilien

JP Immobilien