Update from the originator:
The project is going according to plan and the division has already taken place. The land registers have been created and the sale of the apartments is currently being prepared.
The property 'Viktoria-Ufer 12' is a well-preserved residential building in the popular Berlin district of Spandau. The Spandau district in Berlin is a very popular and attractive residential area due to its well-established middle-class structures, its large number of parks and woodland areas and its good transport connections to the city centre. The property is located in the popular old town of Spandau and consists of a total of 8 residential units and 2 commercial areas, and has a total usable floor space of 727m2. It currently generates net rental income of around €60,000.
The property has already been purchased with debt and equity. Work is currently underway on the establishment of condominium ownership, which will be completed by the end of 2020. Starting in 2021, a renowned brokerage firm will then begin selling the individual apartments at market prices. It is expected that the realisation will be completed by the 2nd quarter of 2022 at the latest.
The project developer Fourreal has already financed 5 successful projects with the help of the Rendity Investor Community. Of these, 4 projects with a volume of EUR 780,000 have been repaid to the investors.
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 fourreal GmbH.
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 24 months.
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.
Germany is the largest economy in Europe and in recent years has developed into the second largest real estate investment market in the world. In addition to national investors, there is now an increasing number of international investors who trust in the German business location.
fourreal is a well-known real estate developer in the Vienna area. Their expertise includes the complete organisational and commercial handling of projects related to real estate development, apartment building development, redevelopment & real estate financing. fourreal GmbH, led by Anna Orgovanyi-Hanstein and Paul Fiala, is responsible for the realisation of the revitalisation project at Viktoria-Ufer 12, 13597 Berlin.
For the purpose of partial financing, fourreal Zeta GmbH & Co KG intends to take up qualified subordinated loans of a maximum of € 400,000.
The borrower is the owner of the property Victoriauferstraße 12, 13597 Berlin. The property has already been purchased with debt and equity capital. Work is currently underway to establish condominium ownership, which will be completed by the end of 2020. Starting in 2021, a renowned brokerage firm will then begin selling the individual apartments at market prices. It is expected that the realisation will be completed by the 2nd quarter of 2022 at the latest.
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 24 months.
Cost of acquisition
Expected sales proceeds
Spandau was once one of the most important industrial centres in Berlin. Spandau is located in the gravitational center of the future Urban Tech Republic in Tegel and is home to the planned Siemens campus. The future of Spandau will be determined above all by its enormous space potential. With 92 square kilometers, Spandau is one of the largest districts.
Old industrial sites are being transformed into residential quarters, abandoned facilities into high-tech areas and new neighborhoods. Currently, great attention is being paid to the development of Gartenfelder Insel. When the airport operations in TXL are discontinued, Spandau will be facing major upheavals with new, voluminous projects. The infrastructure will develop, people and companies will come. In this sense, Spandau is a location of the future.
The Spandau condominium market has grown by 26% compared to the previous year. According to the latest surveys, 53% of Spandau's residents live in an apartment alone. Ten years ago, the figure was 47 percent. 32 percent of residents live in a household with two people, 15 percent live together with two or more people. Ten years ago the figure was 18 percent.
The sprawling district of Spandau is known for its parks and waterways as well as the charming old town of Spandau with its half-timbered houses and lively cafés. The Spandau Citadel, dating from the 16th century, serves as a venue for open-air concerts and houses a local history museum as well as a bat colony in its cellar. Further south, in the district of Kladow on the river Havel, is the Military History Museum of the German Armed Forces - Berlin-Gatow Airfield, with an extensive collection of aircraft from the First and Second World War.
The Brandenburg Gate in Berlin is an early classicist triumphal gate, which stands on the western flank of the square Pariser Platz in Berlin's Mitte district. The gate is Berlin's most famous landmark and a German national symbol, with which many important historical events of the 19th and 20th centuries are connected. Until the Second World War, for example, the end of Napoleonic rule from 1813 to 1815 in particular was associated with the building. During the Weimar Republic, Constitution Day was celebrated here every year on 11 August. Until the opening of the Iron Curtain, it stood directly on the border between East and West Berlin, thus symbolizing during the Cold War the clash between the Warsaw Pact and NATO at the most sensitive point in the world politics of their common border. Accordingly, since 1990 the Brandenburg Gate has also been regarded as a symbol of overcoming the division of Germany and Europe.
The Spandau Citadel is considered one of the most important and best preserved Renaissance fortresses in Europe. It was built by Italian architects in the 16th century in place of Spandau Castle, when medieval castles lost their importance with the development of firearms. In times of crisis, it was to take over the protection of the royal seat Berlin-Cölln and serve as a place of refuge. The symmetrical complex, completely surrounded by water, has four bastions. These are the elements of a fortress that jut out of the rampart. They bear the names Queen, King, Crown Prince and Brandenburg. Due to its construction the fortress had no blind spots.
The Reichstag building on Platz der Republik in Berlin has been the seat of the German Bundestag since 1999. Since 1994, the Federal Assembly has also met here to elect the German Federal President. The building was erected between 1884 and 1894 in the neo-renaissance style in the Tiergarten district on the left bank of the Spree River according to plans by the architect Paul Wallot. It housed both the Reichstag of the German Empire and that of the Weimar Republic. Initially, the Federal Council of the Empire also met there. After severe damage in the Reichstag fire of 1933 and the Second World War, the building was restored in the 1960s in a modernized form and was used for exhibitions and special events. From 1995 to 1999 the Reichstag was fundamentally redesigned by Norman Foster for its permanent use as a parliamentary building, which was decided in 1991. On April 19, 1999, the keys were handed over to the President of the Bundestag, Wolfgang Thierse. Since then, the German Bundestag has met there. A striking feature of the cityscape is the accessible glass dome above the plenary hall.
The Berlin Wall Memorial commemorates the division of Berlin by the Wall and the victims of the Berlin Wall. The national memorial, a 70-meter-long original section of the border fortifications, was rebuilt in 1998 by the Federal Republic of Germany and the State of Berlin on Bernauer Strasse (parts of the wall were taken from other sections) and later expanded. Today, the memorial site covers a length of 1.4 kilometers on the former border strip and, in addition to the memorial, also includes an outdoor exhibition, the Chapel of Reconciliation, the Berlin Wall Documentation Center, the Window of Remembrance, the Visitor Center, and an exhibition in the neighboring Nordbahnhof S-Bahn station.
The East Side Gallery monument in Berlin-Friedrichshain is a permanent open-air gallery on the longest remaining section of the Berlin Wall in Mühlenstraße between Berlin Ostbahnhof and the Oberbaumbrücke bridge along the Spree. In spring 1990, after the opening of the Berlin Wall, this section was painted by 118 artists from 21 countries over a length of 1316 meters.
The fourreal Group is a private real estate company in the residential segment based in Vienna. Our expertise lies in real estate project development, apartment building development, residential construction, renovation, leasing, real estate investments, architecture, design and real estate financing. Our focus is on the German-speaking area - especially in the metropolitan areas of Vienna and Berlin.
Our aspiration is modern projects with timeless elegance. For this we do not leave any stone on the other, but also put proven methods regularly for discussion. We call this re-thinking real estate development. We do not look for opportunities, we create them.
|31.08.2020||Paid||No||31 August 2020, 11:30|
|31.08.2021||Paid||No||01 September 2021, 10:47|