Vienna (OTS) – Four months earlier than planned, IFA AG finalized the residential development project “Hirschstettner Straße 99” with 37 subsidized new apartments in Vienna-Donaustadt. High-quality and affordable living space is in demand: When the building was completed, 90% of the apartments were already rented, each with personal open space such as a private garden, terrace, loggia or balcony. The building integrates an innovative energy solution with a heat pump for heating and hot water as well as temperature control in summer. The energy supply and disposal is fed via a two-well system and supplemented with a photovoltaic system on the roof.
With this IFA builder model, not only was the construction phase fast, but also the placement phase of the investment: in just seven weeks in 2021, 69 private investors invested a total of 14.35 million euros, and construction started in the same year. Investors benefit from security through personal entry of the share ownership in the land register, regular, inflation-protected rental income, public subsidies, tax optimization and professional management of the investment throughout the value-added cycle of the property.
“Thanks to a forward-looking concept, we were able to implement the project not only four months earlier than planned, but also with lower overall costs than planned, despite the strong construction and raw material price dynamics. The project is also characterized by a sustainable energy concept – neither gas nor district heating has to be purchased, all the energy comes from renewable energy sources. I would like to thank everyone who has contributed to this success and congratulate our investors on their sustainable real value investment,” says Michael Baert, CEO of IFA AG.
Data & Facts: “Hirschstettner Strasse 99, Vienna
- Location: Hirschstettner Strasse 99, 1220 Vienna
- 37 new apartments, all with private open spaces such as their own garden, balcony, terrace or loggia as well as a sustainable energy system (heat pump for temperature control in summer and heating in winter, PV system
- 30 underground parking spaces
- Investment volume: EUR 14.35 million
- Investment: Client model (MEG model) with entry of personal shares in the land register
More information at www.ifa.at
Questions & contact:
Karin Sladko
IFA Marketing & Communications
Tel.: +43 1 71690 1426
E-Mail: k.sladko@ifa.at
Janika Hidegh
Ecker & Partner Public Relations
Tel.: +43 676 346 807 2
E-Mail: j.hidegh@eup.at
