Notice according to § 12 (2) VermögensanlagengesetzThis investment involves considerable risk and may result in partial or total loss.
The project "Zieglergasse 31" is a historic property from the Wilhelminian period in Vienna's 7th district, which is being renovated and extended with a two-storey attic extension. The property currently comprises 16 residential and 7 commercial units with a total floor space of approximately 1,760 m². It is not only the historic substance and structural characteristics of the existing building that are compelling here, but also the central location in the middle of the Neubau cultural hotspot.
As part of the development project, an additional 600 m² of usable living space will be created here, bringing the total usable space to around 2,360 m². The superstructures are carefully integrated into the historical ensemble of the surrounding existing buildings and form loggias, roof terraces and balconies on the street side as well as on the courtyard side. The expansion is a 100 percent residential use. Following completion of the development project, all residential and commercial units will be sold individually.
The purchase agreement has been concluded and the issuer is already the owner of the property. A building permit and the contracts for the execution of the construction measures have already been obtained. The construction activities already started as scheduled in 1st calendar quarter 2023 and are expected to be completed by 4th calendar quarter 2024.
Vienna's 7th district Neubau is one of the inner districts in the heart of the city of Vienna and exudes a lot of charm, individuality and creativity. With 1.613 km², the district is known as the third smallest and at the same time one of the most densely built-up districts of the federal capital. In 1850, the former suburbs of Neubau, Neustift, Spittelberg and Schottenfeld were combined with parts of Laimgrube, Mariahilf, Sankt Ulrich and Alt-Lerchenfeld to form this district. Today, the district is considered "the place to be" for all those in search of art, pleasure, music or fashionable subculture. The district's diverse offerings combined with its excellent infrastructure make Neubau a popular residential district.
Nothing is worth more than a good location. The "Zieglergasse 31" project is located in the middle of Vienna's 7th district, Neubau, in the Schottenfeld district. In the immediate vicinity are numerous local amenities such as supermarkets, restaurants and well-known cultural and leisure facilities. Within a few minutes' walk, you can reach the eponymous U3 station Zieglergasse as well as relevant streetcar and bus lines, making the location excellently connected to the public transport network. Numerous galleries, hip designer stores and trendy restaurants in the direct neighborhood invite you to discover and linger.
In the 7th district, art, culture and culinary delights come together in an incomparable way, as numerous galleries, hip designer stores and trendy restaurants line up here. In addition to the culinary offerings, the Biedermeier buildings typical of parts of Neubau as well as numerous magnificent Gründerzeit houses contribute to the attractiveness of the district. Cultural hotspots include the Museumsquartier, which is home to two important Viennese museums, the Mumok and the Leopold Museum. The main courtyard, lined with cafés, is a popular meeting place and event venue all year round.
The MuseumsQuartier, or MQ for short, is an area in Vienna's 7th district, Neubau, near the city center. Its offerings range from visual and performing arts, architecture, music, fashion, theater, dance, literature and children's culture to new media. At the time of its completion, it was the eighth largest cultural area in the world. Prominent components include the Mumok, the Leopold Museum and the Kunsthalle Wien. Originally built in 1725 as the imperial court stables, today there are no horses to be found, but there are a variety of cultural and culinary options. The original baroque buildings of the complex are now juxtaposed with the modern architecture of the new museum buildings.
Today, Vienna's Spittelberg is home to many stores and eateries in addition to typical Viennese Beisln. The markets (Christmas market) at Spittelmarkt are also very popular. In addition, there is the exceptional proximity to the city and an atmosphere that need not fear international comparisons. The most famous Viennese "hill" has welcomed many historical personalities in its history, but also common people and many artists. Often referred to as the "village in the city", probably the most beautiful neighborhood in Vienna has the second largest pedestrian zone in the city with well-preserved historic buildings and idyllic squares, and is also only a few minutes' walk from the city center itself.
As the longest shopping street in Europe, Mariahilfer Strasse stretches for almost 4 kilometers, with the so-called "inner Mariahilfer Strasse" running from Getreidemarkt to Mariahilfer Gürtel. Many international brand stores can be found here as well as sections of the street are also dedicated as a pedestrian zone.
The inner Mariahilfer Straße already functioned as a special shopping street of the Austro-Hungarian Monarchy in the past and still holds numerous stores in the area of local supply, fashion, furniture and handicrafts as well as numerous restaurants and cafés. There is virtually nothing that cannot be found on the "MaHü", colloquially known in Vienna. Meanwhile, this has established itself as the center of Vienna's young and hip scene and impresses with a variety of stores, which you can only find in this place. Many historically grown buildings and ornate old buildings adorn Mariahilfer Strasse and create a symbiosis of old and new that is well worth seeing.
The Wiener Stadthalle in Vienna's adjacent 15th district of Rudolfsheim-Fünfhaus is Austria's largest event center. It is one of the three largest event complexes and one of the leading event locations in Europe. In the large hall, numerous well-known bands and musicians from Britney Spears to Lenny Kravitz to ZZ Top have stood on their stage at least once. Great shows have been and still are presented such as the Vienna Ice Revue (1958-1973), Holiday on Ice, the horse show Apassionata and the circus show Artists-Animals-Attractions (1959-1995). Numerous sporting events take place here, such as the annual Erste Bank Open 500, the traditional Stadthallen football tournament, which was held until 2009, and the Vienna Horse Festival. A 1025 m³ pool was built into the hall for the 2004 European Short Course Championships.
Westbahnhof is located in Vienna's 15th district, Rudolfsheim-Fünfhaus, on the inner-city, six- to eight-lane Gürtel (Neubaugürtel) transport axis and can be reached by two subway lines (U3, U6) and streetcar lines 5, 6, 9, 18, 52 and 60. Mariahilfer Strasse, which runs near the south side of the building in a west-east direction, provides a direct connection to the city center, as does the U3. In addition to its function as a transportation hub, it also serves as a shopping center through BahnhofCity Wien-West.
The GPH Real Estate group of companies also includes operationally active subsidiaries, as well as various project or ownership companies, which are either wholly owned by GPH Real Estate, or which have a shareholding structure together with strategic co-investors. Together with its subsidiaries, GPH Real Estate sees itself as a full service provider covering the entire value-added cycle around real estate.