Project Presentation

The project "Wagramer Strasse 130" is a new building project in a central location in the 22nd district of Vienna. All important amenities for daily needs are close by and at the same time the project is surrounded by sufficient nature and recreational areas. This project involves the construction of a new building with 36 residential units, a business premises and 12 car parking spaces for subsequent sale.

In total, the project will create 2200 m² of usable space as well as open spaces such as roof terraces, terraces and gardens with a size of 200 m². The residential units will be built with a special focus on contemporary and comfortable construction.

Deal Highlights

33% of the apartments already sold

Even before construction began, 33% of the apartments were sold by the sales team of the AIRA Development Group, RIWOG & other sales partners.

Return Immediate interest rate

Investors receive interest as soon as the investment is paid in. The yield immediate interest is paid out after the end of the subscription period.

Design and implementation of the project by AIRA Development Group

The AIRA Development Group sets the highest standards: the customers are the most important capital, optimal service is the focus of the company philosophy. The AIRA Development Group was founded in Vienna in 2013. Since then the company has established itself as a successful real estate developer in the Austrian region. The AIRA Development Group specialises above all in the development of high-quality and high-value new building projects. The purchase and sale of selected apartment buildings complements AIRA's business model.

Attractive interest rates - 6% p.a. annual payout

Investors receive an annual return of 6% on their invested capital. The interest is distributed to the investors every year. The invested capital is paid back to the investors at the end of the term

Green location in the 22nd district

The 22nd district in Vienna, also known as "Danube City", is Vienna's largest district in terms of area and is home to many local recreation and nature reserves such as the Old Danube, the Lobau and the Marchfeld. The 22nd district is also known for its office and residential districts such as Donau City and Seestadt Aspern.

Vienna - the metropolis on the blue Danube

For years Vienna has been enthroned at the top of the cities with the highest quality of life. This year again, Vienna's blend of quality of living, first-class cultural offerings, local recreation areas and public transport infrastructure took the top spot in the international study "Quality of Living 2018" by the consulting firm Mercer Consulting. Especially in comparison with top international cities, property prices are moderate and construction quality is high.

Investment Case

For the purpose of partially refinancing the own funds used, WS130 Projekt GmbH, a subsidiary of AIRA Development GmbH, intends to take out qualified subordinated loans of up to € 400,000.

The borrower is the owner of the property EZ 472 KG 01660 in Wagramer Strasse 130, 1220 Vienna. A total of 36 residential units with a living space of between 32 m² and 84 m² on 8 floors plus open spaces such as roof terraces, terraces and gardens will be built. The property has already been acquired and planning activities are in full swing. The aim is to sell the residential units individually at market prices.

Annual distributions:

During the term of the loan, the lender will receive an annual distribution of 6%.

Short term:

The lender receives its invested capital back after the sale of the apartments. According to the plan, this is to take place after 18 months.

Financials

Land (incl. service charges)
2.851.000 €
General and administrative expenses
620.000 €
Planning costs
166.667 €
Miscellaneous levies
150.000 €
Marketing and Sales
291.667 €
Baukosten
4.337.500 €
Total investment
8.416.834 €
Revenues
8.771.917 €

Finance Structure

Location

The 22nd district in Vienna, also known as "Wien Donaustadt", is home to a variety of leisure and recreation areas. Special hotspots of the district are the Alte Donau, the area around Donau-City and the lakeside town of Aspern. Many residents especially appreciate the family-friendly and quiet residential areas of the 22nd district with sufficient space for families and sports activities. The Urban Lakeside Aspern is located in the immediate vicinity of Wagramer Straße, where the new building project is to be realised.

Explore the surroundings

The Wagramer Straße enables residents to get directly to the city centre from the eastern outskirts of Vienna. The immediate proximity to all important amenities of daily life means that in Wagramer Straße one can enjoy both the opportunities of a still partly rural urban area and the amenities of a modern city district with extensive social, educational, cultural and sports facilities as well as various possibilities for local supply. The connection to the public transport network is also provided by bus lines and the underground station Kagraner Platz. The U1 underground line, for example, takes about 15 minutes to get directly to the city centre. By walking south-west you can reach the famous Donaupark as well as the Donau- City, the famous local recreation area of the Danube and congress centre.

Danube City

The Danube City is home to the famous Vienna International Centre - commonly known as "UNO City" - is one of the three headquarters of the United Nations (UN). Built between 1973 and 1979 according to the plans of the Austrian architect Johann Staber, the UNO City has developed into a major economic factor for Vienna. In addition to the approximately 5,000 employees of the UNO and its sub-organisations who live here permanently, a considerable number of tourists have come to Vienna because of the regular and numerous conferences. The UNO-City can generally be seen as a pioneer of the urban development of the Donau-City; at that time a rather rural area on the outskirts of the city to a metropolitan and international district of Vienna.

Danube Park

The Donaupark is a park of around 604,000 m² in the 22nd district of Vienna Donaustadt. The Donaupark is conveniently located between Wagramer Strasse, the Bruckhaufen housing estate, Arbeiterstrandbadstrasse and Hubertusdamm. Directly adjacent to the Donaupark, which originally reached as far as Wagramer Strasse, is the UNO-City with the Vienna International Centre and the Austria Center Vienna, to the south of which is the Danube City and then the Copa Cagrana with the Danube Island to the New Danube. In the north, the Danube Park is bordered by the beach resorts along the Old Danube.

Old Danube

The Alte Donau is an oxbow lake of the Danube in Vienna. It is located northeast of the New Danube, which accompanies the Danube's main stream, but has no direct connection with it or with the Danube itself. The Old Danube is a leisure and bathing area close to the city centre, which can be reached by underground. Several very popular public lidos can be found along the banks, including the most famous one, the Goose Pond. The Old Danube is ideal for water-related leisure activities and on summer days is often used for windsurfing and boating. Along the Old Danube you will find a large number of sailing schools and boat rentals.

Rating

B
CategoryRatingPoints
LocationPrimary
1
VacancyVacant
3
Development StageNew Construction
3
Track RecordMore than € 250 million developed
1
Asset TypeResidential
DurationUp to 18 months
1
Existing Bank FinancingYes
Pre Sales>20%
1
Total
10
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

The AIRA Development Group is a company founded in 2013 by Arthur Iliyav and Roman Ascherov, which has positioned itself very successfully as a property developer and project developer in Austria. Under the management of Ewald Streicher, the managed project volume is currently around EUR 35.4 million.

The AIRA Development Group specialises above all in the development of high-quality and high-value new construction projects. The purchase and sale of selected apartment buildings complements AIRA's business model.

The AIRA Development Group considers its customers to be its most important capital. Optimal service is at the centre of the company philosophy. Customer wishes are perceived and implemented by AIRA. In general, the wishes of AIRA's customers regarding the housing project are analysed at the time of purchase. In this way AIRA optimizes floor plans, compares prices in the surrounding area and optimally implements the requirements in all areas. Not the maximum profit, but the extremely satisfied customer is important. AIRA is able to achieve good returns due to the rapid project lead times of 12 to a maximum of 24 months and a quick marketing.

AIRA Development Group GmbH

ascherov_a8449d080a
Roman Ascherov
streicher_27b169a8fc
Ewald Streicher