Project Presentation

The project "Ziegelhofstraße 64-66" is a new building project in the midst of a wonderful green area of the 22nd district, close to all important amenities of daily life and at the same time surrounded by sufficient nature and recreation areas. At Ziegelhofstraße 64-66 106 residential units, 114 parking spaces and 4 commercial spaces are being built for subsequent sale.

A total of 5775.5 m² of usable floor space including open spaces such as roof terraces, patios and gardens will be built. The residential units will be built with a special focus on contemporary and comfortable construction methods. Special attention is paid to the use of high-quality materials.

Deal Highlights

Konzeption und Umsetzung des Projekts durch Haring Group Projektentwicklungs GmbH

The Issuer is a subsidiary of Haring Group Bauträger GmbH and part of the Haring Group, a real estate developer with a long-standing track record covering the entire value chain of the real estate industry. Since its foundation in 2004, the Haring Group has built almost 250,000 sqm of residential space and built up a customer base of 6,300 apartment buyers. With a transaction turnover of EUR 142,000,000 (forecast 2018), the Haring Group is one of the leading property developers in Austria. Investors receive an annual return of 6.25% on their invested capital. The interest is distributed to the investors each year. The capital invested is repaid to the investors at the end of the term.

Good pre-utilisation

The start of sales has already begun. 12 residential units have been sold and 22 reservations made.

Return Instant 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.

Attractive interest rates - 6.25% annual payout

Investors receive an annual return of 6.25% on their invested capital. The interest is distributed to the investors every year. The invested capital is repaid 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.

Investment Case

For the purpose of partial refinancing of the own funds used, Haring Group Projektentwicklungs GmbH intends to take up qualified subordinated loans of a maximum of € 500,000.

The borrower is the land register owner of the properties EZ 62 and EZ 90, both KG 01652 BG Donaustadt with the property address Ziegelhofstraße 64-66, 1220 Vienna. A total of 106 residential units with a living space of between 36 m² and 66 m² on 10 floors plus open spaces such as roof terraces, terraces and gardens are being built. The property has already been acquired and planning activities are in full swing. The aim is to sell the apartments individually at market prices.

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 the sale of the apartments. According to the plan, this is to take place after 30 months.

Financials

Purchase price
6.380.000 €
Construction costs
13.050.000 €
Fees
900.000 €
Service charges
1.570.000 €
Reserve
1.100.000 €
Total investment
23.000.000 €

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 Ziegelhofstraße, where the new building project is to be realised.

Discover the surroundings

Ziegelhofstraße is located in the centre of a residential development area with almost exclusively single-family houses and very low traffic volume on the eastern outskirts of Vienna. The immediate proximity to the large urban development area Seestadt Aspern means that this location offers both the peace and security of a still rural housing estate 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 Aspern Nord. The U2 underground line, for example, takes about 20 minutes to get directly to the city centre. A walk to the south takes you to the Lobau, the well-known Danube floodplain, forest and recreation area with the national park.

Lakeside town Aspern

The Urban Lakeside Aspern in the 22nd district of Vienna is one of the largest urban development projects in Europe. Over the next few years, the district will be home to over 20,000 people who will live and work here. In the middle of the Urban Lakeside is the artificial lake that gives the district its name and serves as a recreational area for residents. According to the urban planning concept, 15,000 new office workplaces will be created in addition to the more than 10,000 apartments. Four parks and green spaces are available to the residents of the Urban Lakeside to ensure a high quality of life. For the cityscape, huge and anonymous blocks of buildings are avoided; instead, differently designed townhouses are being built. The focal points of the housing model are: Climate friendliness, affordability, social sustainability, functional mix and architectural diversity.

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 beach resorts can be found along the banks, including the most famous of them, 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
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

The Haring Group is a real estate developer with a long-standing track record covering the entire value chain of the real estate industry. Since its foundation in 2004, the Haring Group has built almost 250,000 m² of residential space and built up a customer base of 6,300 apartment buyers. With a transaction turnover of EUR 142,000,000 (forecast 2018), the Haring Group is one of the leading property developers in Austria.

Karl Haring

EIN BAUERNHOF in western Styria is the first property that Karl Haring comes into contact with. The founder and sole owner of the Haring Group grew up in his parents' farming business and so a future as a farmer was initially also obvious to him. However, things turned out differently, even if "land" and "economy" were to play a major role... After completing his commercial training in a Styrian construction company, Karl Haring went into business for himself - first with parquet floors, then with entire houses. In 2005 he founded his own company, Hart & Haring Bauträger GmbH, together with a partner. It is the beginning of an impressive success story.

FLOOR, straightforwardness and competence. These are the qualities with which Karl Haring is described by employees and partners. Karl Haring himself says: "Highly competent employees, a positive working atmosphere and great pleasure in new projects and challenges - this is how quality is created. This is backed up by fast, clear decisions and a familiar working atmosphere, while at the same time meeting high standards. The result is one that we can present with pride and I, my employees and business partners are delighted with this.

Denise Smetana

Denise Smetana discovered her passion for selling real estate early on. Through her work in this segment, the enthusiastic sportswoman has acquired a great deal of know-how with great ambition. She has now been working in leading positions in the Haring Group for more than ten years. Since summer 2018, she has been managing director of the company.

Her flair for people and for real estate is especially emphasised by employees and business partners. In addition, her enthusiasm is extremely contagious and convincing. For Denise Smetana the most important thing is: "Customers, business partners and our employees should be satisfied with our projects. Then they become a success and trust is created. We show again and again that this is possible, year after year - from individual apartments to large residential projects".

Haring Group Bauträger GmbH

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Karl Haring
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Denise Smetana