Update from de developer:
Construction has started! Preparatory activities for the construction pit and the garage are currently being carried out.
New photos of the progress have been added.
In the project "Schillwasserweg 1", a residential complex with a total of 6 condominiums and a weighted floor space of 739 m² is being built in the middle of the 22nd district. The new building project offers generous terraces and balconies, an attractive and contemporary architecture as well as a modern facade. In addition, a total of 6 parking spaces will be built.
The good location of the project is characterized by its good public transport connection to the nearby subway station Donaustadtbrücke and the Stadlau train station. The residents of the residential complex benefit from the proximity of all important amenities for daily needs. The traffic connection for cars is provided by the freeway access road Tangente, so that the superordinate traffic junction Kaisermühlen can be reached quickly. The city center of Vienna can thus be reached within a few minutes.
The building permit has been granted and the planning phase has been completed. Construction will start shortly and completion is planned for the first quarter of 2022.
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 maximum term of 24 months.
There is a liability in the form of a hard letter of comfort in the amount of the loan amount given by the managing director.
Investors receive immediate interest from the moment they pay in their investment, which is paid out after the subscription period has expired. With the Rendity Sofortzins investors receive for their invested capital not only interest 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 immediate yield is already paid out to the wallet after the end of the subscription period.
A total of 6 exclusive condominiums plus balconies, terraces, gardens and 6 parking spaces with a weighted living area of 739 m² are being built, where great importance was attached to a modern, attractive and contemporary architecture.
The property "Schillwasserweg 1" is located in the immediate vicinity of Vienna's Donauinsel 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.
El-CO Immobilien is a real estate development company specialized in residential real estate with headquarters in Vienna. As a family-run company, we not only aim to create living space in the classic sense, but also to build sustainable housing for the next generation.
The Borrower is the land registry owner of the property with the address Schillwasserweg 1 in 1220 Vienna. A total of 6 residential units with a living space of between 100 m² and 146 m² plus open spaces such as roof terraces, terraces and gardens, as well as 6 parking spaces will be created.
The property has been acquired, the planning phase has been completed and the building permit has already been issued. Construction work will commence shortly and is expected to be completed by the 1st quarter of 2022.
During the term of the loan, the lender will receive an annual payout of 6.75%.
The lender receives its invested capital back after the sale of the apartments. According to planning, this is to take place after a maximum of 24 months.
Purchase price land (incl. additional costs)
Construction costs incl. demolition
Total investment costs
Expected sales revenues
The 22nd district, also known as "Donaustadt", is located east of the city center of Vienna and is Vienna's most populous district. The 22nd District covers almost a quarter of the total area of the Vienna municipal territory and is characterized by its comprehensive appearance. In addition to numerous green spaces and local recreation areas, which make up almost 50% of the total area of the 22nd district, there are numerous large housing and single house settlements, such as the Donau City district, which is characterized by office and high-rise residential areas.
Historically, the 22nd district was created in its present form in 1954. Over the years, many housing estates have developed there, for example, the extraterritorial area of the UNO was created in 1979 and in recent years the office towers of the "DC-Towers" have opened there, of which Tower 1 is the highest building in Austria to date. Today, the 22nd district is an up-and-coming urban district with good infrastructural connections, many local recreation areas such as the old Danube and the urban district of Donaucity, which is characterized by office buildings and can be easily reached by subway lines 1 and 2. Vienna's largest shopping center, the Donaucity, located in the 22nd district, is also particularly well known with its endless stores, restaurants and cafés.
The 22nd district in Vienna, also known as "Wien Donaustadt", is home to a variety of leisure and recreation areas. Particular hotspots of the district are the Old Danube, the area around Donau-City and the lakeside town of Aspern. Many inhabitants appreciate above all the family-friendly and quiet residential areas of the 22nd district with sufficient space for family and sports activities.
The area of the Vienna Prater, which covers over 9 km², includes an amusement park, the so-called Würstelprater, several bodies of water and a huge recreational 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 the largest playground in Vienna with a toboggan hill and a winter snowmaking system. For over 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 Republic of Kugelmugel whose only inhabitant had proclaimed a separate state in 1970, because his house was a sphere, whereby the bearing surface is thereby only a point. Since a point has however no spatial extension it was the opinion that it is in a state-free area.
The 21-kilometer-long Danube Island is not only the most popular recreational area for the Viennese, but also an unforgettable experience for visitors to Vienna. From the city center, the Donauinsel can be reached in just a few minutes with the subway lines U1 and U6. An extensive network of paths invites sporty people to go hiking, jogging, cycling and skating. Water fun is promised by bathing bays with flat beaches as well as wild bathing places, a water slide, a surf school, a water ski lift and a boat rental.
The Vienna International Centre (VIC), also known as UNO-City, is one of the four headquarters of the United Nations, along with New York, Geneva and Nairobi. The UNO-City serves as a location for many organizations of the UN family that promote peace, human rights and sustainable development in a variety of ways. Its aim is to ensure the peaceful use of nuclear technology and space, to put an end to nuclear testing, to eradicate poverty and to reduce the global impact of drugs, crime and terrorism. The UNO-City can be visited within the framework of multilingual guided tours. Highlights of the tour usually include a visit to a conference room and exhibits, such as a piece of a real moon rock. Visitors interested in art have the opportunity to view original works by renowned artists on Wednesdays at 3:30 pm. The collection ranges from Friedensreich Hundertwasser to Hermann Nitsch.
Not far from the Schillwasserweg is the popular Stadion Center. 60 stores 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 stores, services and its child-friendliness. The appealing architecture and the good connection possibilities make this shopping center very popular - not only with the inhabitants of the 2nd district of Vienna. The shopping center 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.
We are a real estate development company specializing in residential real estate with headquarters in Vienna.
As a family-run company, we not only aim to create living space in the classic sense but also to build sustainable housing for the next generation. Therefore we invest a lot of time in the planning and implementation of each project and only work with strong and experienced partners who meet our criteria to ensure the high quality of our projects. since our foundation almost 10 years ago, we have specialized in the area of new construction of apartments and single-family homes as well as the renovation of old buildings.
EL-CO Immobilien stands for sustainable living and outstanding quality for well-being - we are already building for the next generation.
|20.12.2020||Paid||No||07 December 2020, 18:08|