General Information

  • IRR%: 7
  • CoC%: -
  • Minimum: 0 EUR
  • Type: -
  • Asset: -
  • Investors: 0
  • Start Date: 2019-01-03
  • End Date: -
  • Target: 300k EUR
  • Completed: 100%

Additional Information

  • Antonigasse 57
  • Vienna
  • Vienna
  • Austria

Project PresentationOur newest development project „Antonigasse“ is located in quiet street in the middle of Hernals – a sough after neighborhood in Vienna. The current building consists of three stories and was built in the beginning of the 20th century. Over the course of the project the building will be completely renovated and an elevator will be installed. To further expand the usable area another level will added to the attic. To enable a quick sales process all units will range from 35m² to 70m². All 16 units will have a total usable area of roughly 900m². The lot was purchased in Fall of 2016. In the meantime, most of the planning activities has been completed and preparation for the building process is under way. Start of construction is set for Summer 2017. The completion is scheduled for Fall 2019. The Sales process will already start in Fall 2017. Deal HighlightsCentral location in ViennaFor years Vienna has been on top of international city rankings for its high livability. Due to Vienna’s great mix of culture, affordability, cleanliness, public transport, and other aspects it has come out on top many years in a row now. This also benefits Hernals, one of Vienna’s great neighborhoods.Easy sales through efficient floor plansVienna grows and so does Hernals. Last year 1,300 moved to this neighborhood. Additionally, demographics changes in the past years have created many single households, accounting for almost 50% of all households. These developments lead to increased demand in affordable housing. In our newest project “Antonigasse” all apartments will range from 35m² to 70m² and will cost on average € 4,000 per m².Experienced real estate developerSTH Living has purchased, renovated and sold real estate for more than 10 years. Under supervision of manager Stefan Hadrbolec the company is active in Vienna and its surroundings. In addition, STH Living has built up a portfolio of more than 30 units.High potential upsideThe building was purchased below the market price. There is good probability of a potential upside. In the calculations, the average price per m² is € 4,000, which corresponds to a conservative valuation approach. In close proximity, a similar development project was able to achieve an average price per m² of € 4,250.High return – yearly distributionInvestors will receive a return of 7% per year based on a yearly distribution. At the end of the term the investors will receive their invested capital.

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