Project Ketzergasse 99
- Real Estate
- New Build
In the “Ketzergasse” project, STRABAG is acting as general contractor. STRABAG AG operates as a leading construction company in Austria and is a reliable partner in all areas of the construction industry. In fiscal year 2019, Strabag AG employed 11,500 people, who generated an output of more than EUR 2 billion.
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.
Following the purchase of the property, the building permit has already been successfully obtained and planning has begun. Construction will start in March 2021.
Majority of the finance is from bank laons which amount to 4,700,000 euro while the other source of finace emanate from equity which amount to 756,350 euro. 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.[/nectar_highlighted_text]