Update from the Originator:
The preparatory work for the start of construction has been done. The start of the construction work can start immediately after the clearing notice for 2 trees has been issued by the City of Vienna and the requirement for replanting has been granted.
The official sales start by the sales team around Domenic Lorenz will start shortly.
The originator looks forward to reporting on the sales and construction progress in the near future.
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Macro Location Analysis
EvoEstate Risk rating is of an informative nature only & can not be considered investment advice.
The project "Bergheidengasse 21" is a CO2-neutral residential project with a total of 6 first-class condominium investor apartments with a weighted living area of approximately 625 m². The development project is located in a good green area in the 13th district of Vienna and offers spacious terraces, balconies or gardens for all residential units. Likewise, 6 parking spaces will be built in the basement. The residential units of the project could already be sold successfully to 30% to investors.
The property is surrounded by all-important amenities of the daily needs and is excellently connected to the public transport network due to the proximity to Speisinger Straße/ Hetzendorfer Straße (public transport) as well as the railroad station Vienna - Speising.
The building permit is available and the planning phase is completed. Construction will start shortly and completion is scheduled for the 3rd quarter of 2022.
The CO2-neutral residential project has already been 30% sold to investors. Construction work will start in Q1 2021 and is expected to be completed by Q3 2022.
Investors receive an annual interest rate of 6.50% 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 21 months.
There is a liability in the form of a hard letter of comfort in the amount of the loan issued by the parent company VMF Capital Invest GmbH.
A total of 6 exclusive condominiums plus balconies, terraces, gardens and 6 parking spaces with a weighted living area of 625 m² where much emphasis was placed on modern, attractive and contemporary architecture. Special attention is paid to ecologically sustainable construction and the careful use of valuable resources.
The project developer VMF Capital Invest has already financed 4 successful projects with the help of Rendity investors. VMF Immo Group is a family business from Brunn am Gebirge / Lower Austria with tradition. Over the last years, the family Voithofer with the enterprise VMF real estates acquired a reputation as partners with real estate projects with handshake quality. Several completed projects as well as a network of long-standing, renowned partners and companies speak for continuity as well as trust.
The borrower is the registered owner of the property with the address Bergheidengasse 21, 1130 Vienna. A total of 6 residential units with a living space of between 60 m² and 165 m² plus open spaces such as roof terraces, terraces and gardens, as well as 6 parking spaces are being built. The acquisition of the property has taken place, 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 3rd quarter of 2022.
During the term, the lender will receive an annual distribution of 6.50%.
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 21 months.
Purchase price land (including incidental costs)
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The 13th district in Vienna, also known as "Hietzing," is home to a variety of leisure and recreational areas. Particular hotspots of the district include Schönbrunn Palace, the Lainzer Tiergarten zoo and Schönbrunn Zoo. Many residents especially appreciate the family-friendly and quiet residential areas of the 13th district with enough space for family and sports activities.
Schönbrunn Palace is the largest palace and one of the most important and most visited cultural assets in Austria. Schönbrunn Palace, together with its 160-hectare park, is a UNESCO World Heritage Site. Schönbrunn Palace acquired its present form under Empress Maria Theresa and served as the summer residence of the Austrian imperial family from the mid-18th century until the end of World War I. During this time, the palace was almost completely renovated. During this period, the palace was almost continuously inhabited by a court of several hundred people and became a cultural and political center of the Habsburg Empire. During the Austro-Hungarian monarchy, it was also called "k.u.k.. Schönbrunn" pleasure palace. The spacious surrounding park can be used for extensive walks and long runs.
The last piece of primeval Viennese forest - is the Lainzer Tiergarten, located on the outskirts of the big city. For many decades, this special recreation area has been a popular destination for city dwellers, but also tourists from near and far. Thanks to the unique cultural and natural landscape, the richness of the flora and fauna and the cultural-historical exhibitions in the Hermes Villa, the Lainzer Tiergarten is an ideal place to combine recreation, experience of nature and education. The habitat Lainzer Tiergarten and its location, size, geology as well as its climate The Lainzer Tiergarten is located in the west of the metropolis Vienna, namely in the eastern Vienna Woods. Its total area covers 2,450 hectares - 1,945 hectares of which is forest area. The enclosure wall of the Lainzer Tiergarten has a length of about 22 kilometers.
Schönbrunn Zoo, located in the park of Schönbrunn Palace in Vienna's 13th district of Hietzing, was founded by the Habsburgs in 1752 and is the oldest zoo in the world still in existence. The director of the zoo since 2020 is the zoologist Stephan Hering-Hagenbeck. Since 2006, the zoo has over 2 million visitors every year. On an area of 17 hectares, about 7,800 animals from 700 species can be seen. In Anthony Sheridan's Zoo Rankings, the zoo was named the best European zoo five times in a (2008, 2010, 2012, 2014 and 2018). In the 250th anniversary year (2002) of the zoo, the Rainforest House was opened. The huge glasshouse presents a section of a mountainside in the rainforest of Southeast Asia. Clouds of mist drift across the wooden walkway, the outlines of water turtles can be seen in the pond, an approaching thunderstorm sends its mighty rumble ahead - everyday life in the rainforest, and can also be experienced in the Schönbrunn Zoo. The importance of rainforests is illustrated in a lifelike manner.
Construction of the television center at Küniglberg began in 1969. The facility was completed in 1976. The location in the high area of the foothills of the Vienna Woods allows good directional radio links. The good accessibility in terms of traffic was also an advantage. An attempt was made to make the construction complex as concentrated as possible on 80,000 square meters. The requirement for rational construction has a unifying effect on the building design. The building has no facade in the conventional sense, it is an openly visible construction. Between the built-up areas are variously planted courtyards and open spaces.
VMF Immo Group is a family business from Brunn am Gebirge / Lower Austria with tradition. Over the past few years, the Voithofer family has earned a reputation as a partner in real estate projects with handshake quality through VMF Immobilien. Several successfully completed projects and a network of long-standing, renowned partners and companies speak for continuity and trust.
"We attach great importance to high-quality architecture in the best locations. Modernity and functionality are the main focus. We accompany all our construction projects from the planning stage through the construction phase to the turnkey handover".
|28.02.2021||Paid||No||01 February 2021, 14:18|