Update from the developer:
The indoor and outdoor facilities of four of the 10 houses are currently being completed. The shell structures including windows are ready for another four houses and the cellars are already in place for the last two houses. The project is entirely on schedule.
New photos of the progress have been added.
In the project 'Fallmerayerweg 73-77', a new residential complex with a total of six houses in an exclusive construction method with a total of 10 privately financed residential units is being built in the 21st district of Vienna. The residential complex offers future residents a total living space of 1,245 m². All residential units are equipped with open spaces such as roof terraces or gardens and parking spaces so that cars can be parked directly in front of the house.
The property, which is located to the east of Vienna, is well connected to the public transport network by the nearby underground, whereby the city center can be reached by car or underground in 20 minutes. The 21st district of Vienna is a popular residential area as it is home to the third-largest population in Vienna. However, with 3,408 inhabitants/km², Floridsdorf is in the lower quarter of Vienna's municipal districts in terms of population density. Therefore, there is plenty of room for identification and the creation of additional living space.
Sales have already started and 50% of the residential units have been sold so far. The construction of the project is in full swing so that the shell of four houses is already in place. Despite the current circumstances (COVID-19), there is no construction stop for the project, as the construction activities are spread over 6 buildings and the legal minimum distance between the construction workers can be kept. The general contractor has taken all precautions to ensure the legal minimum distance between the active trades and has guaranteed timely completion.
Investors receive an annual interest rate of 6.75% 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 24-month term.
The planning has been fully completed and the building permit has been issued. The construction of the project is in full swing and sales have already started. So far 50% of the residential units have already been sold.
Due to the distribution of the construction activity over 6 building structures, the general contractor can guarantee compliance with the legal minimum distance and ensure completion on schedule.
Personal liability in the form of a hard letter of comfort in the amount of the loan amount issued by the managing partner Mr Markus Hartmann.
The 21st district of Vienna is a popular residential area, as it is home to the third largest population in Vienna. However, with 3,408 inhabitants/km², Floridsdorf lies in the lower quarter of Vienna's municipal districts in terms of population density. Therefore, there is plenty of room for redensification and the creation of additional living space. Due to the new Hospital North, which is located in the immediate vicinity, the demand for apartments by those working there has increased even further.
Investors receive from the deposit of the investment the Rendity Instant Interest, which will be paid after the funding period. With the Rendity instant interest, you not only receive interest on your invested capital for the loan term, but also for the time before that. Thus, you already receive interest for your investment during the funding period. You will receive your Rendity Instant Interest at the end of the funding period.
For the purpose of partial financing, Laura Bauträger GmbH intends to raise qualified subordinated loans of up to € 400,000.
The borrower is the owner of the property with the address Fallmerayerweg 73-77 in 1210 Vienna. A total of 10 residential units with a weighted usable residential area of 1,245 sqm as well as 10 parking spaces will be realised. The properties have already been acquired, the planning phase has been completed and construction is in full swing. The shell of the four buildings at Fallmerayerweg 77 is currently under construction, and the second section at Fallmerayerweg 75 will begin in April. Construction of section 3 at Fallmerayerweg 73 is planned to start in July. Sales have already started and 50% of the residential units have been sold. Construction is expected to be completed by autumn 2021.
During the term, the lender receives an annual distribution of 6.75%.
The lender receives his invested capital back after the sale of the apartments. According to planning, this is to take place after 24 months.
The 21st district or also called 'Floridsdorf' is a district in the north of Vienna and borders in the south and east on the district Donaustadt and in the west on the Danube. On a size of 44.52 km² live about 158,712 inhabitants, which makes Floridsdorf the most populous district after Favoriten and Donaustadt. Floridsdorf, the 21st district of Vienna, is appreciated by its inhabitants because of its good accessibility to the city centre as well as its proximity to local recreation areas, such as the Danube Island and the Old Danube. Despite its large population, Floridsdorf is located in the lower quarter with regard to population density within Vienna. This means that Floridsdorf still has room for redensification and the creation of affordable housing.
The Fallmerayerweg 73-77 is well developed on the edge of the 21st district of Floridsdorf in Vienna. The subway station Leopoldau, which can be reached in a few minutes on foot with the subway line U1, connects the residents with the city center of Vienna as well as with popular local recreation areas such as the Alte Donau or the Donaupark. Due to its location in a residential area, all amenities for daily needs can be reached quickly and this means that at this location one can enjoy both recreation through green spaces and local recreation areas and the advantages of a quiet district with extensive social, educational, cultural and sports facilities as well as various possibilities for local supply. Local suppliers are also in the immediate vicinity: supermarkets, pharmacies and banks can be reached in just a few minutes. By car or bus, you can reach SCN with its many shops in just a few minutes.
The Northern Hospital - also known as Floridsdorf Clinic - was built on a former ÖBB (Austrian Federal Railways) site and opened for test operation at the beginning of April 2019. Full operation will start in the summer of 2019 and, according to current plans, its 800 beds will have a capacity for up to 40,000 inpatient admissions, 250,000 outpatient frequencies and around 16,000 surgical procedures. It will occupy a central location in the Vienna hospital landscape.
The Alte Donau is an oxbow lake of the Danube in Vienna. It lies to the north-east of the New Danube, which accompanies the Danube's main river, but has no direct connection with the New Danube or with the Danube itself. The Alte Donau is an important recreational and bathing area close to the city centre thanks to the underground. Several very popular public beach resorts can be found along the banks, including the most famous of them, the Gänsehäufel. The Old Danube is ideal for water-related recreational 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 rental possibilities.
The Shopping City Nord - also known as SCN in Vienna and the surrounding area - is a shopping centre with 36,000 m² of usable space and various shops for daily needs. It is currently undergoing renovation work to better meet the needs of tomorrow's shoppers.
The Donaupark is a park of about 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, are the UNO-City with the Vienna International Centre and the Austria Center Vienna, to the south of which is the Danube City and finally 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.
In summer, the residents of the apartment building benefit from its proximity to the artificially raised Danube island, as it is not only part of the flood protection, but also one of the most important local recreation areas of Vienna and Klosterneuburg. It is an up to 250 m wide artificial island 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 ideal for water-related leisure activities and offers Viennese people their own water ski lift.
Several very popular public beach resorts can be found on the shores, including the most famous of them, the Goose Pond. Along the old Danube, there are also a number of sailing schools and boat rentals. The dammed part of the Danube is used extensively by the Viennese for cooling off in summer. In addition to the cool water, the Copa Cagrana with its innumerable restaurants offers enough possibilities to get your money's worth in culinary terms.
|13.04.2021||Paid||No||29 April 2020, 00:00|