Update from the originator:
A civil engineer has already been commissioned to define the demolition area and the area of the construction site and to record the current condition of the neighboring houses. This so-called evidence preservation work in the adjacent apartments and houses will be completed in the next few days. So nothing stands in the way of starting construction in May.
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Macro Location Analysis
EvoEstate Risk rating is of an informative nature only & can not be considered investment advice.
The project "Schillgasse 16-18" is a residential complex with a total of 42 residential units and 21 underground parking spaces with a total weighted floor space of approximately 2,500m 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. 30m² - 110m². 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 new construction project has already been sold in its entirety to an institutional investor. Construction work will start in the 4th quarter of 2021 and is expected to be completed by the 1st quarter of 2023.
The project developer VMF Capital Invest has already financed 9 successful projects with the help of Rendity investors. Of these, two projects with a volume of EUR 1,100,000 have 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 6.80% 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 term of maximum 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 Schillgasse 16-18. 42 apartments with a weighted living area of 2,500 m² are being built. The building is divided into ground floor, 3rd floor and attic. Characteristic for the project are carefully selected design means and materials with efficient and flexible apartment typologies, which ensures generous floor plans with optimal spatial quality.
The property "Schillgasse 16-18" 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, recreation facilities and transport connections.
The borrower is the registered owner of the property with the address Schillgasse 16-18, 1210 Vienna. The building consists of two interconnected building parts with a total of 42 units, with a weighted usable living area of approx. 2,500m² plus open spaces such as roof terraces, terraces and gardens, as well as 21 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 project has already been sold 100% to an institutional investor. The purchase price will be settled at the end of the project. Construction will start in Q4 2021 and is expected to be completed by Q1 2023.
During the term, the lender will receive an annual distribution of 6.80%.
The lender will receive its invested capital back after completion of the project. According to the planning, this is to take place after a maximum of 28 months.
Schillgasse 16-18 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 recreational 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 Alte Donau is an old arm 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 the surrounding area - is a shopping center with 36,000 m² of floor space and various stores for daily needs. It is currently undergoing renovation work 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, and to the south of it the Danube City and the Copa Cagrana with the Danube Island 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. 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 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".
|20.10.2021||Paid||No||20 October 2021, 11:01|