Update from the developer:
Construction has already started with the excavation and securing of the pit. The base plate has already been set up and the construction work for the shell is in full swing. The construction work is very well on schedule.
The project 'Dammhaufengasse 4' will create a residential complex with a total of 14 freehold apartments and a weighted living space plus gardens & terraces of 1,371 m². The new building project on the blue Danube near the city centre of Vienna offers generous terraces and balconies, an attractive and contemporary architecture and a modern facade. In addition, a total of 12 parking spaces will be built.
The good location of the project is characterised by good public transport connections to the nearby Donaumarina underground station and the Praterkai railway station. The residents of the project benefit from the proximity of the Stadion Center shopping center to take care of all the amenities of daily needs. Transport connections for cars are provided by the Tangente motorway access road as well as to Handelskai, making the higher-level Praterstern traffic junction quickly accessible. The city centre of Vienna can thus be reached within a few minutes.
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 term of a maximum 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 managing partner.
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.
A total of 14 exclusive residential units with a usable floor space of 1,371 m² are being built in a residential complex in which great importance was attached to modern, attractive and contemporary architecture.
Dammhauengasse is located in the immediate vicinity of the Vienna Prater and offers its residents the best of both worlds thanks to excellent transport connections: The big city in front of your feet and the quiet lifestyle of nature.
The project will be implemented by PECADO GmbH, which has already implemented a large number of successful real estate projects - especially development projects - in the past.
For the purpose of partial financing, 2021bau Bauträger GmbH intends to raise qualified subordinated loans of up to € 750,000.
The borrower is the land registry owner of the property Dammhaufengasse 4, 1020 Vienna. A total of 14 residential units with a living space of between 60 m² and 135 m² plus open spaces such as roof terraces, patios and gardens, as well as 12 parking spaces are being built. The property has already been acquired, planning activities have been completed and construction is in full swing. The aim is to sell the apartments individually at market prices.
During the term, the lender will receive an annual interest rate of 6.50%.
The lender receives his invested capital back after the apartments have been sold. According to the plan, this should take place after a maximum of 18 months.
Cost of acquisition
Expected sales proceeds
The Leopoldstadt has been experiencing a massive upswing for some years now, which is noticeable in many ways: from an economic point of view, a very successful settlement of well-known companies such as Bank Austria, SAP, Samsung, Raiffeisen Bank or OMV has been achieved. In the immediate vicinity, the Value One office location was recently opened, which serves, among other things, as the headquarters for the Novartis Group and the headquarters of OMV. This increased demand for well-trained employees is also partly covered by the higher educational institutions in the middle of Leopoldstadt.
A few years ago, the Vienna University of Economics and Business Administration opened its doors to more than 21,000 students from Austria and abroad. It is one of the largest business universities in Europe. In addition, a number of private universities (Webster, SFU) complement the educational offerings. These developments explain the positive migration balances of recent years and also aroused the need for high-quality housing.
The Dammhaufengasse, located on the banks of the blue Danube, is home to a wide range of leisure and recreation areas as well as various local suppliers for daily needs. For a shopping excursion, the shopping centre Stadion Center can be reached in a few minutes by car. The underground station Donaumarina and the railway station Praterkai are easily accessible from Dammhaufengasse 4. The main railway station of Vienna can be reached in about 15 minutes and the city centre in only 10 minutes by car.
The area of the Prater of Vienna of more than 9 km² includes an amusement park, the so-called Würstelprater, several water bodies and a huge local recreation area. The area belonging to the Prater, once floodplain of the Danube, has been documented since 1162. At the end of the 20th century, numerous investments were made in the infrastructure of the Prater. The Jesuit meadow was converted into Vienna's largest playground with a toboggan hill and a winter snow-making facility. For more than 100 years, the Vienna Giant Ferris Wheel has been turning at the entrance of the Prater. The Giant Ferris Wheel is both a sight and a landmark of Vienna. A curiosity of the Wurstelprater is the Republik Kugelmugel whose only inhabitant had proclaimed an own state in the year 1970, as its house was a sphere, whereby the contact surface is thereby only one point. But since a point has no spatial extension, he was of the opinion that he is in a state free space.
Not far from Dammhaufengasse is the popular Stadion Center. 60 shops and restaurants offer all the important amenities of daily life. The Stadion Center, adjacent to the Ernst Happel Stadium, scores points with visitors with its variety of shops, services and its child-friendliness. The appealing architecture and the good connection possibilities make this shopping centre very popular - not only with the inhabitants of the 2nd district of Vienna. The shopping centre is located between the Grüner Prater and the Handelskai, has a very good infrastructure and therefore fits very well into the urban area of the 2nd district.
The 21-kilometre-long Danube Island is not only the most popular recreational area of the Viennese, but also an unforgettable experience for visitors to Vienna. From the city centre, the Donauinsel can be reached in a few minutes by underground lines U1 and U6. An extensive network of paths invites sporty people to go hiking, jogging, cycling and skating. Bathing bays with shallow beaches as well as wild bathing areas, a water slide, a surf school, a water ski lift and boat rental promise water fun.
The borrower is SHRN Immobilienentwicklungs GmbH, a 100% subsidiary of Pecado GmbH. Pecado GmbH was founded in 20018 by Ing. Stanislav Hnat for the purpose of buying and selling real estate. Since 2015, the company's activities have been systematically expanded and focused on the development of high-quality new buildings and the structural coordination of revitalisation projects.
Concentrated on Vienna as a business location, only up-and-coming locations in districts that promise a high level of affordable quality of life in the future will be selected in the new construction segment. In close cooperation with long-standing company partners in architecture and marketing, we are currently active in the following business segments for owner-occupiers and investors.
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