Project Presentation

The project "Wladimir Koldagasse 14" is a new construction project with a green and at the same time central location in Klosterneuburg on the Danube. In the course of the new construction 6 semi-detached houses with about 1,375m² net living space as well as balconies and terraces will be built. The parceled semi-detached houses will be sold individually to end users and investment buyers.

The property is surrounded by all major amenities of daily needs and conveniently located. Due to its favorable location, Klosterneuburg has established itself as a town with a very high quality of life. From the well-developed city center, it takes only 20 minutes by car to get to downtown Vienna. At the same time, Klosterneuburg benefits from the generous recreational areas along the Danube and the neighboring Vienna Hausberge.

The purchase of the property has already taken place, the building permit is already available and the preparations for the development of the semi-detached houses are already underway. The demolition has already taken place, so that the start of construction can begin.

Deal Highlights

GCA Wohnbau - long-time partner of Rendity with already three financings

The project developer GCA Wohnbau has already financed 3 successful projects with the help of the Rendity investor community. The team of structural engineers, draftsmen, planners and architects stands for contemporary architecture and implementation of this philosophy in all planning phases. This enables the developer to successfully realize its own projects in-house, from the acquisition of land to the development and implementation of new creative living concepts and sales.

Attractive interest rates and short term - 7.00% yield at 24 months maturity

Investors receive an annual interest rate of 7.00% 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 maximum term 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 buildings according to the most modern standard

A total of 6 semi-detached houses plus balconies, terraces and private gardens with a total net living space of 1,375m ² where much emphasis was placed on a modern, attractive and contemporary architecture. Special attention is paid to the ecologically sustainable construction and the careful use of valuable resources.

Sought-after location in Vienna's "Speckgürtel" with ample local recreational opportunities

Due to its favorable location, Klosterneuburg has established itself as a town with a very high quality of life. From the well-developed city center, it takes only 20 minutes by car to get to downtown Vienna. At the same time, Klosterneuburg benefits from the generous recreational areas along the Danube and the neighboring Vienna local mountains.

Investment Case

The borrower is the registered owner of the property with the address Wladimir Koldagasse 14, 3400 Klosterneuburg. A total of 6 semi-detached houses plus balconies and terraces with a living area of approx. 1,375m² and parking spaces will be built.

The acquisition of the property has already taken place, the planning phase is in full swing and the building permit has already been issued. Construction will start in the 1st quarter of 2022. After construction, the units are to be sold off individually. A 100% residential use is envisaged. Construction activities are expected to be completed no later than the 3rd quarter of 2023.

Annual distributions

During the term, the lender will receive an annual distribution of 7.00%.

Short Term

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

Financials

Purchase price land
1.620.000 €
Incidental costs
70.000 €
Planning costs (architect, statics, etc.)
604.000 €
Outdoor facilities
87.000 €
Land and development costs
112.000 €
Construction costs
3.825.000 €
Reserve
95.000 €
Financing costs
547.000 €
Total investment costs
6.960.000 €
Total sales revenue (assumption)
7.841.000 €
Profit
881.000 €

Finance Structure

Location

Welcome to Klosterneuburg

Immediately behind the northern city limits of Vienna lies the town of Klosterneuburg, which derives its name from the centrally located Klosterneuburg Canons' Monastery. The proximity to the metropolis of Vienna also explains the attraction and charm of Klosterneuburg, as the city has been growing continuously since 1971. Klosterneuburg has a population of about 27,392 on 76.2 km², which makes it one of Austria's twenty largest cities. Likewise, the population of Klosterneuburg is characterized by a purchasing power above the Austrian average. South of Klosterneuburg, the Kahlenberg with its impressive view over Vienna acts as a natural border and extensive recreational area. East of Klosterneuburg, the Danube is the natural city border and is well visited, especially in summer, both by Klosterneuburg residents and by Viennese who want to escape the city. In addition to the direct road access, Vienna's city center can also be reached via public transportation on a direct route within 20 minutes.

Discover the surroundings

Klosterneuburg combines the best of two worlds: on the one hand, the immediate proximity to the metropolis of Vienna and, on the other hand, the local mountains with the extensive Vienna Woods as a recreational area. Due to the direct connection via heated driveway to the Klosterneuburger Straße, which leads directly to Vienna, Vienna can be reached by car within a few minutes. Also by public transport you can reach the city center of Vienna within 20 minutes.

Stift Klosterneuburg

The history of Klosterneuburg is closely connected with the history of the Augustinian Canons' Monastery, which also contributes significantly to the name of Klosterneuburg. Originally, the foundation stone of Klosterneuburg Abbey was laid in the 12th century. After several centuries of reconstruction, the monastery today presents itself as an impressive conglomeration of medieval, baroque and historical buildings and houses an important art collection. The monastery also plays an important role in the cultivation of wine, with over 108 hectares of vineyards. This makes it not only one of the largest, but also the oldest winery in Austria. Originally founded in 1114, the winery is considered an important regional economic factor and manages, despite its awareness of tradition, to adapt to modern requirements. Since 2009, Klosterneuburg Abbey has been the first winery in Central Europe to offer a CO2-neutral wine. In addition to viticulture, the monastery also plays a major role in agriculture and forestry, real estate, and culture and tourism, as the monastery is open to visitors all year round and is considered one of the most important sights in the country. At the same time, the individual business operations of the monastery place great emphasis on sustainability, CO2 reduction and social responsibility.

Danube Island

The Danube Island is not only part of the flood protection, but also one of the most important recreational areas of Vienna and Klosterneuburg. It is an artificial island up to 250 meters wide between the Danube and the New Danube and has a lot to offer for people, animals and plants. The Danube Island is a popular cycling route and is also excellent for water-related recreational activities. Several very popular public lidos can be found along its banks, including the most famous of them all, the Gänsehäufel. A variety of sailing schools and boat rental facilities can also be found along the old Danube. 

Lido Klosterneuburg

The lido Klosterneuburg offers on its approximately 28ha large leisure and swimming area, in addition to the classic swimming pool facilities, also a natural Danube old arm. The bathing area of the lido delights bathers of all ages with an adventure pool with water slide, current channel, waterfall, floor bubbles, massage bay, sports pool as well as children's pool and sun sails. For sports enthusiasts, the lido offers numerous activities.

Kahlenberg near Vienna

The Kahlenberg belongs to the Vienna Woods and is a sight of Vienna as well as a traditional Sunday excursion destination for the Viennese, since from the Kahlenberg you have a view of the whole of Vienna and, if the visibility is good, as far as the Little Carpathians in Slovakia. Its peak overlooks the Vienna Basin by about 320 meters. From the Stefaniewarte, which is located on the highest point of the mountain, one can also see parts of Lower Austria. Next to the observation tower, which carried broadcasting antennas from 1953 to 1956, there is a 165-meter-high guyed steel tube mast of the ORF, which is used for broadcasting TV and FM programs as well as for directional radio purposes. This transmission mast, erected in 1974, carries elevated operating rooms (which is untypical for such constructions) and has shaped the appearance of Kahlenberg ever since.

Rating

B
CategoryRatingPoints
LocationPrimary
1
VacancyVacant
3
Development StageNew Construction
3
Track RecordMore than € 250 million developed
1
Asset TypeResidential
Duration18-36 months
2
Existing Bank FinancingYes
Pre Sales>20%
1
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

GCA Wohnbau is a renowned real estate developer in Austria with many years of experience and numerous successfully implemented projects.

Great importance is attached to flexibility in all forms. Only through joint consideration are habitable floor plans found and can the materials used freely unfold their effects. Well thought-out, mature planning as well as qualitatively most fastidious conversion of all details, have the highest value with GCA living. Similarly, cost-conscious construction is the strength of the projects.

The team of structural engineers, draftsmen, planners and architects stands for contemporary architecture and implementation of this philosophy in all planning phases. This enables the developer to successfully realize its own projects in-house, from the procurement of land to the development and implementation of new creative living concepts and sales.

GCA Wohnbau