Update from the developer:
The shell has been built and the flat roofs are sealed. The windows were installed and an airtightness test was carried out for the entire property, and it was completed with a positive result.
The interior work has just started. Dry construction and electrical as well as plumbing and heating installation began. (This was done in coordination with the neighboring
property No. 345 in which the screed is currently being placed.) The roof cladding has started. The facade has already been largely completed. The entire property is on budget and on schedule. Completion still planned for May 2021.
In the project 'Jedlersdorferstraße 341', a residential complex with a total of 9 privately financed owner-occupied apartments with a weighted living space of 544 m² is being built. The new building project in Floridsdorf, Vienna's greenest district, offers generous living space as well as terraces and balconies.
Thanks to the good connections, Vienna's city centre can be reached within a few minutes by public transport or by car. The 21st district in Vienna is a popular residential area and is the district with the third largest population in Vienna. However, with 3,408 inhabitants/km², Floridsdorf is in the lower quarter in terms of population density, which is why it is also one of the districts with the largest green spaces. This provides ample space for redensification and the creation of additional living space.
The purchase financing of the project has already been secured by debt and equity, so that the project can be implemented immediately. The planning phase has been completed and the building permit has already been issued. Construction is scheduled to begin in May 2020 and completion is scheduled for summer 2021. The current schedule already takes into account the current circumstances (COVID-19) and there have only been marginal delays so far. The construction activities can be carried out as planned, as the legal minimum distance between construction workers is being observed.
Investors receive an annual return of 6.50% 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 maximum term of 18 months.
There is a liability in the form of a hard letter of comfort in the amount of the loan amount issued by the parent company HYPERIA holding gmbh.
Investors receive immediate interest from the time they pay in their investment, which is paid out at the end of the subscription period. With the Rendity Sofortzins investors receive interest for their invested capital not only for the loan term but also for the time before. This means that investors also receive interest on their investment during the subscription period. The accrued immediate yield interest is paid out to the Wallet after the end of the subscription period.
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 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.
A total of 9 exclusive residential units with a usable floor space of 544 m² are being built in a residential complex in which great importance was attached to a modern, attractive and contemporary architecture.
For the purpose of partial financing, Jedlersdorferstraße 341 Projekt GmbH intends to take up qualified subordinated loans of a maximum of € 300,000.
The borrower is the owner of the property with the address Jedlersdorferstrasse 341 in 1210 Vienna. A total of 9 residential units with a weighted usable residential area of approximately 544 m2 will be realised. The properties have been acquired, the planning phase has been completed and the building permit has already been issued. Construction is scheduled to start in May 2020. Construction work is expected to be completed by summer 2021.
During the term of the loan, the lender receives an annual distribution of 6.50%.
The lender receives his invested capital back after the sale of the apartments. According to the plan, this should take place after 18 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. About 158,712 inhabitants live on a size of 44.52 km², 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 of Vienna in terms of population density. This means that Floridsdorf still has room for redensification and the creation of affordable housing.
Jedlersdorferstraße 341 is located at the edge of Vienna's 21st district of Floridsdorf and is well developed. The Brünner Straße, which is only a few minutes' walk away, offers several tram lines that connect the residents with the city centre of Vienna as well as the popular local recreation areas such as the Alte Donau or the Donaupark. Thanks to its location in a residential area, all the amenities of daily life can be reached quickly, which 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 a variety of shops in just a few minutes.
The Krankenhaus Nord - also known as Klinik Floridsdorf - was built on the site of a former ÖBB (Austrian Federal Railways) 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 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 Alte Donau is an important recreational and bathing area which is close to the city centre thanks to the underground. Several very popular public lidos can be found along the banks, including the most famous of them, the Goose Pond. 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 rentals.
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 artificial island up to 250 m 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 ideal for water-related leisure activities and offers Viennese people their own water ski lift.
Several very popular public lidos can be found along the banks, including the most famous of them, the Goose Pile. 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 in summer for cooling off. In addition to the cool water, the Copa Cagrana with its countless restaurants offers enough possibilities to get your money's worth in culinary terms, too.
As an architecture firm and master builder with a focus on residential construction, we have been covering the areas of design, planning, submission and site management since 2014. We are also active as a property developer and general contractor. We help you from the small building announcement, over the renovation and the new construction of your single-family house up to the construction implementation of your housing development project. All from a single source.
Modern processes and the latest software solutions help us to implement your construction project on time and in the budget. With our focus on residential construction and especially on roof extensions and (solid) timber construction, we contribute our part to an ecological, sustainable and resource-saving living environment.
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