[nectar_highlighted_text color_type=”regular” highlight_color=”#00cae8″ style=”regular_underline” highlight_expansion=”default” underline_thickness=”default” delay=”200″]In the “Hasengasse 5-7” project, a residential building complex with a total of 29 condominiums and investor apartments as well as an office with a weighted usable living area of approx. 1,766 m² is being built. The development project is located in an exceptional location in Vienna’s 10th district and offers spacious terraces, balconies and garden areas. Characteristic for the development project are carefully selected design means and materials with efficient and flexible apartment typologies, which ensures generous floor plans with optimal space quality. A total of 10 parking spaces will also be created.

 

The property Hasengasse 5-7 is situated close to the generously renovated Vienna Central Station and the up-and-coming Belvedere quarter. In addition, not far away is the subway station Keplerplatz as well as the Columbus Center and Favoriten Straße. The property has been acquired, the planning phase has been completed and the building permit has already been issued. Construction is scheduled to start in the 2nd quarter of 2021, so in all likelihood construction activities will be completed by the 4th quarter of 2022. The sale of the apartments is planned as a sale to end users after condominium establishment.

 

Majority of the finance is from bank loans which amount to 6,290,000 euro while the other source of finance emanate from equity which amount to 348,432 euro. Design and implementation of the project was carried out by El-CO Immobilien, an experienced real estate developer.[/nectar_highlighted_text]