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Updatre from the originator:
All apartments have already been sold. The buyers have repeatedly requested special requests and changes to the floor plans and roof terraces, which made it necessary to submit a change to the building permit.
The modification permit was received in January 2023 and then the general contractor started the construction work.
Criteria | From a+ to d | Project rating |
---|---|---|
Macro Location Analysis | A+ | B+ Originator rating A EvoEstate Risk rating is of an informative nature only & can not be considered investment advice. |
Financial Cost | C+ | |
Purpose | B+ | |
License | A+ | |
Experience Developer | A+ | |
Presales | D- | |
Mortgage Guarantee | C+ | |
Project Margin | A- |
The project "Frauenstiftgasse 4" is a residential complex with a total of 27 residential units and 13 underground parking spaces with a total weighted floor space of approximately 1,700m ². The new building project is located in a good green area in the district of Floridsdorf in Vienna. The apartments are all equipped to a high standard and feature outstanding floor plans ranging in size from approx. 40m² - 115m². All units have outdoor spaces such as loggias, terraces or gardens.
The modern residential project is surrounded by all important amenities for daily needs and is excellently connected to the transport network due to its proximity to Brünnerstraße (individual transport), as well as streetcar lines 30 and 31. By car, you can reach the Donauzentrum in a few minutes and the Donauinsel is also not far away.
The project is being realized by VMF Capital Invest, which has already successfully obtained the building permit after purchasing the land. Construction will start shortly and the planning has already been completed. The project is characterized by an environment with high development potential and a very experienced project developer with an excellent network.
The project developer VMF Capital Invest has already financed 4 successful projects with the help of Rendity investors. Of these, one project with a volume of EUR 300,000 has already been repaid to the investors.
VMF Immo Group is a family business from Brunn am Gebirge / Lower Austria with tradition. Over the past years, the Voithofer family with the company VMF Immobilien has earned a reputation as a partner in real estate projects with handshake quality. Several successfully completed projects as well as a network of long-standing, renowned partners and companies speak for continuity as well as trust.
Investors receive an annual interest rate of 6.75% 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 28 months.
After the purchase of the property, the building permit has already been successfully obtained and the planning has already been completed. The start of construction will begin shortly.
The residential building in 1210 Vienna closes a gap in the building at Frauenstiftgasse 4. A total of 27 apartments with a weighted living area of 1,700 m² are being built. The building is divided into the ground floor, 3rd floor and attic. The characteristic of the project is carefully selected design means and materials with efficient and flexible apartment typologies, which ensures generous floor plans with optimal spatial quality.
The property "Frauenstiftgasse 4" is located in the district of Floridsdorf with a direct connection to the Vienna city center. The 21st district, also known as "Floridsdorf", offers its residents a good infrastructure with numerous local suppliers, recreational opportunities and transport links.
The borrower is the registered owner of the property with the address Frauenstiftgasse 4, 1210 Vienna. The building consists of two interconnected building parts with a total of 27 units, with a weighted usable living area of approx. 1,700m² plus open spaces such as roof terraces, terraces and gardens, as well as 13 parking spaces.
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. The sale of the apartments is planned after condominium establishment as a sale to end-users.
During the term, the lender will receive an annual distribution of 6.75%.
The lender will receive its invested capital back after the project has been sold to an investor. According to the planning, this is to take place after a maximum of 28 months.
Frauenstiftgasse 4 is well connected in the middle of Vienna's 21st district Floridsdorf in the center of a residential area with all amenities for daily needs. The proximity to recreational areas such as the old Danube or the Danube Park, means that this location offers both recreation through green spaces and local recreation areas as well as the advantages of a modern district with extensive social, educational, cultural and sports facilities as well as various local supply options.
Krankenhaus Nord - also known as Klinik Floridsdorf - was built on a former ÖBB site and opened for test operations in early April 2019. Full operations will start in summer 2019 and, according to current plans, will have a capacity for up to 40,000 inpatient admissions, 250,000 outpatient frequencies and around 16,000 surgical procedures with its 800 beds. It will occupy a central location in Vienna's hospital landscape.
The Old Danube is an oxbow of the Danube in Vienna. It lies to the northeast of the New Danube, which accompanies the main Danube stream, but has no direct connection with it or with the Danube itself. The Alte Donau an important recreational and bathing area, close to the city center thanks to the subway. Several very popular public lidos can be found on its banks, including the most famous of them, the Gänsehäufel. The Old Danube is excellent for water-related recreational activities and is popular for windsurfing and boating on summer days. There are a number of sailing schools and boat rental facilities along the Old Danube.
The Shopping-Center Nord - also known as SCN in Vienna and Vienna surroundings - is a shopping center with 36,000 m² of floor space and various stores for daily needs. It is currently undergoing renovations to better meet the needs of tomorrow's shoppers.
Donaupark is an approximately 604,000 m² park in Vienna's 22nd district Donaustadt. Donaupark is conveniently located between Wagramer Strasse, the Bruckhaufen housing estate, Arbeiterstrandbadstrasse and Hubertusdamm. Directly adjacent to the Danube Park, which originally extended to Wagramer Strasse, are the UNO City with the Vienna International Centre and the Austria Center Vienna, to the south of this is the Danube City and to the south of this the Copa Cagrana with the Danube Island leading to the New Danube. To the north, the Danube Park is bordered by the bathing beaches along the Old Danube.
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. UN City serves as the location for many organizations in the UN family that advance 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 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.
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".
Date | Status | Late | Assignment date |
---|---|---|---|
20.07.2021 | Paid | No | 20 July 2021, 11:10 |
20.07.2022 | Paid | No | 20 July 2022, 12:10 |
20.07.2023 | Paid | No | 26 July 2023, 12:28 |
20.11.2023 | Paid | No | 22 November 2023, 10:59 |
20.12.2023 | Yes | - |
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