Update from the developer:
The shell will be completed in approximately 2 months. The construction activities are proceeding according to plan so that the completion is expected to take place on time.
New photos have been added to the photos section.
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Macro Location Analysis
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The project "Ketzergasse 99" is a new construction project in 1230 Vienna, with a total of 15 residential units and a total weighted living area of approximately 1,597 m². The development project is located in a good location near the Shopping-City Süd in Vienna and offers spacious terraces and private gardens. An underground car park with 23 parking spaces is also to be built.
The property is surrounded by all-important amenities for daily needs and is excellently connected due to its proximity to the Vösendorf junction. It is only a few minutes' walks to the Siebenhirten subway station, which means that Vienna's city center can be reached in just a few minutes. Shopping-City Süd is also in the immediate vicinity.
The purchase of the property has already taken place, the building permit has already been issued and the planning of the project is in full swing. Construction will start in Q1 2021 and is expected to be completed by Q2 2022. Subsequently, the residential units are to be rented out and subsequently sold.
Investors receive an annual interest rate of 7.00% 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 maximum term of 24 months.
Following the purchase of the property, the building permit has already been successfully obtained and planning has begun. Construction will start in March 2021.
There is a liability in the form of a hard letter of comfort for the amount of the loan, issued by the managing partner.
The project involves the construction of an exclusive residential complex with a total of 15 residential units, and a weighted living area of approximately 1,597 m². The ideal use of space on the property creates an airy atmosphere and an excellent feel-good climate.
The 23rd district in Vienna, also known as "Liesing", offers its residents over 1,000 hectares of green space, which accounts for more than 30% of the total district area. Located in the southwest of Vienna, Liesing borders directly on the extensive forest area of the Vienna Woods. Numerous industrial enterprises have settled between the old and now merged village centers.
The Donor Group, a family-owned company based in Vienna, realizes sophisticated and sustainable urban development projects as a project developer and property developer in attractive locations in and around Vienna as well as in other selected locations in Austria.
For the purpose of partial financing, DONOR Eins Immobilien GmbH, a subsidiary of Donor Immobilien Holding GmbH, intends to raise qualified subordinated loans in the maximum amount of € 1,000,000.
The borrower is the registered owner of the property with the address Ketzergasse 99, 1230 in Vienna. A total of 15 residential units and 23 underground parking spaces with a weighted total living area of 1,597 m² plus terraces and garden areas will be built.
The acquisition of the property has taken place, the planning of the project is in full swing and the building permit was granted in the 3rd quarter of 2018. The start of construction is scheduled for the 1st quarter of 2021 and, according to planning, should be completed in the 2nd quarter of 2022. Upon completion of construction, the residential units are to be leased in line with the market and subsequently sold off.
During the term, the lender will receive an annual distribution of 7.00%.
The lender will receive its invested capital back after the apartments have been sold. According to the planning, this is to take place after a maximum of 24 months.
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The 23rd district in Vienna, also known as Liesing, is home to parts of Vienna's largest recreational area, the Lainzer Tiergarten. In addition to the many recreational and leisure areas, the district is home to one of Vienna's largest industrial hotspots. Many residents especially appreciate the family-friendly and quiet residential areas of the 23rd district with enough space for family and sports activities.
Austria's largest shopping center has been in existence since 1976 and is also one of the largest shopping centers in Europe. With over 192,500 m² of retail space, the SCS offers room for more than 300 business, gastronomy and entertainment outlets and also houses its own cinema. With 10,000 parking spaces, the SCS is primarily geared towards car traffic and enjoys great popularity even beyond the country's borders. Every year, more than 23 million visitors from Austria to Hungary and Slovakia visit the SCS and it offers a unique brand selection and shopping experience.
With a size of 12 hectares, the Wienerberger Pond has quite a considerable water surface. Beautifully maintained in the middle of a protected landscape area, it is a paradise for carp and predator fishers. Limited license number. In the 1960s, the Wienerberg factory was finally closed due to the unprofitability of clay mining. The Wienerberg pond is 12 hectares in size and is nothing more than the excavation of these brickworks. After the factory was closed, the area was used by the city of Vienna to deposit rubble. Afterward, the city's foresters took over the area and turned it into a recreational area.
The event location in the Pyramid in the neighboring municipality of Vösendorf is a 40-meter high multi-purpose hall, which is an architectural landmark with its striking pyramid shape. Currently, the Plexiglas-steel structure with its annexes is operated as the Eventhotel Pyramide, where trade fairs and congresses are held on a regular basis. The Pyramid was built as early as 1983 as an extension of the Shopping City Süd shopping center on the initiative of SCS operator Hans Dujsik. Originally, the Pyramid was used as an exclusive swimming pool ("El Dorado") with sauna operation in the year 2000, whereby a tropical atmosphere was created by planting palm trees and the glazed pyramid ceiling. In 2000, the original use as a tropical swimming pool was discontinued and the pyramid was converted into a multi-purpose hall for congresses, among other things.
The nature-oriented recreation area Kellerberg Liesing - Siebenhirten of the Forestry and Agricultural Enterprise of Vienna was created in 2002/2003. In October 2002, the Forestry Enterprise of the City of Vienna planted around 24,000 trees and shrubs together with committed Viennese citizens. The area has a size of more than 7 hectares and is easily accessible for visitors by public transport through the U6 station Siebenhirten as well as by private transport.
The Donor Group, a family-owned company based in Vienna, realizes as a project developer and property developer sophisticated and sustainable urban projects in attractive locations in and around Vienna as well as in other selected locations in Austria.
People, long-term partnerships and responsibility guide us in all services of the real estate value chain: site search, land and property acquisition, development, planning, financing, construction and marketing.
Our expertise ranges from complex loft conversions to major urban projects. Our aim is to create buildings that optimally meet the functional and architectural requirements of future users. To this end, we seek and establish long-term partnerships with architects, construction companies, banks, investors and ultimately with the buyers. For us, successful action means bringing all participants in the value chain into a "win/win" situation; responsible action means taking responsibility for construction projects whenever asked.
|25.03.2021||Paid||No||18 March 2021, 11:49|