Update from the originator:
The demolition of the old stock has just been completed.
Preparations for securing the excavation are currently underway.
The start of the piling work for securing the excavation is planned for the end of June.
New photos can be found in the documents section.
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Macro Location Analysis
EvoEstate Risk rating is of an informative nature only & can not be considered investment advice.
Purpose of the loan
In the "Collerusgasse 21" project, a residential building complex with a total of 40 condominium investor apartments and a weighted living area of 2,194 m² is being built. The development project is located in a good location in Vienna's 22nd district and offers spacious terraces and balconies. Characteristics of the project are carefully selected design tools and materials with efficient and flexible apartment typologies, which ensures generous floor plans with optimal spatial quality. There will also be a total of 21 parking spaces.
The property is surrounded by all-important amenities for daily needs and is excellently connected to the public transport network due to its proximity to the Donauzentrum (U-1, public transport) as well as the Seestadt subway station (U-2).
The building permit has been issued and the planning phase has been completed. Construction will start shortly and completion is scheduled for the 2nd quarter of 2022.
Investors receive an annual interest rate of 6.80% on their invested capital. The interest is distributed to the investors every year. The capital invested is repaid to the investors at the end of the term of a maximum of 30 months.
There is a liability in the form of a hard letter of comfort in the amount of the loan issued by the managing director Artur Babadschanov.
Investors receive the Rendity Immediate Interest as soon as they deposit their investment, which is paid out as soon as the subscription period expires. With Rendity Immediate Interest, investors receive interest on their invested capital not only for the term of the loan but also for the period prior to that. Thus, investors receive interest on their investment even during the subscription period. The accrued Rendity Instant Interest is already paid out to the Wallet after the end of the subscription period.
A total of 40 exclusive condominiums plus balconies, terraces, gardens and 21 parking spaces are being built with a weighted useful living area of 2,194 m², for which great importance was attached to modern, appealing and contemporary architecture.
El-CO Immobilien is a real estate development company specialized in residential real estate and based in Vienna. As a family-run company, we not only aim to create living space in the classic sense, but we also want to build sustainably for the next generation.
The borrower is the registered owner of the property with the address Colerusgasse 21 in 1220 Vienna. A total of 40 residential units ranging from 100 m² to 146 m² of living space plus open spaces such as roof terraces, terraces and gardens, as well as 21 parking spaces are being built.
The property has been acquired, the planning phase has been completed and the building permit has already been issued. Construction will start shortly and it is expected that construction activities will be completed by the 2nd quarter of 2022.
During the term, the lender will receive an annual distribution of 6.80%.
The lender will receive its invested capital back after the realization of the apartments. According to the planning, this is to take place after a maximum of 30 months.
Purchase price land (including incidental costs)
Total investment costs
Number of housing units
Number of parking spaces
The 22nd district in Vienna, also known as "Vienna Danube City," is home to a variety of leisure and recreational areas. Particular hotspots of the district include the Alte Donau, the area around Donau-City and the Seestadt Aspern. Many residents especially appreciate the family-friendly and quiet residential areas of the 22nd district with enough space for family and sports activities.
The more than 9 km² large area of the Vienna Prater includes an amusement park, the so-called Würstelprater, several bodies of water and a huge recreational area. The area belonging to the Prater, once a land of the Danube, is documented since the year 1162. At the end of the 20th century, numerous investments were made in the Prater's infrastructure. The Jesuit Meadow was converted into Vienna's largest playground with a toboggan hill and a winter snow-making system. For over 100 years, the Vienna Giant Ferris Wheel has been turning at the entrance to the Prater. The 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 an own state in 1970 because his house was a sphere, whereby the bearing surface is thereby only a point. However, since a point has no spatial extension, he believed that he was in a state-free space.
The 21-kilometer-long Danube Island is not only the most popular recreation area for the Viennese but also an unforgettable experience for visitors to Vienna. Danube Island can be reached from the city center in just a few minutes on the U1 and U6 subway lines. An extensive network of paths invites sports enthusiasts to go hiking, jogging, cycling and skating. Water fun is promised by bathing bays with shallow beaches as well as wild bathing areas, a water slide, a surfing school, a water ski lift and a boat rental.
The Vienna International Centre (VIC), also known as UNO-City, is one of four headquarters of the United Nations, along with New York, Geneva and Nairobi. The UN City serves as the location for many organizations of the UN family that promote peace, human rights and sustainable development in a variety of ways. Its goal is to ensure the peaceful use of nuclear technology and outer space, put an end to nuclear testing, halt poverty, and curb the global impact of drugs, crime, and terrorism. The UN City can be visited on multilingual guided tours. Tour highlights usually include a visit to a meeting room and exhibits, such as a piece of 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.
Built in 2009, the Donauzentrum is a shopping center in Vienna's 22nd district and is within walking distance of Erzherzog-Karl-Strasse. Covering an area of approximately 225,000 m², it houses over 250 commercial, gastronomic and entertainment establishments, making the Donauzentrum (together with the adjoining Donau Plex) the largest shopping center in Vienna. The Donauzentrum is characterized by its extensive shopping offer and is also home to a cinema and numerous restaurants. The shopping center can be easily reached by car and also by public transport - the U1 and various bus and streetcar lines stop directly in front of it.
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
|20.03.2021||Paid||No||15 March 2021, 15:01|