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LAENDYARD: Topping out ceremony for 270 apartments by the Donaukanal

On Tuesday, joint venture partners JP Immobilien and CA Immo celebrated completion of the structural shell for 270 owner-occupied and investment apartments on Erdberger Lände. Together with the Wohnbau Süd residential complex, which has also been under construction on the same site since the spring of 2016, around 500 rental and owner-occupied apartments will be created at LAENDYARD by 2018 – a prime, centrally located quarter close to the Lände and Wiener Prater recreation areas.

The residential complex will comprise some 270 owner-occupied and investment apartments designed by architects BEHF and MALEK HERBST in four separate buildings forming an L-shaped structure, in the centre of which will stand a re-imagined traditional village square. The range of residential options is wide, encompassing everything from small flats and spacious loft apartments to split-level townhouses with private gardens. Approximately 1,000 sqm of retail outlets and restaurants completes the picture. PORR acts as general contractor.

According to Dr. Daniel Jelitzka, managing partner at JP Immobilien, “LAENDYARD offers high quality residences for widely differing requirements – to own, to rent and as an investment. The concept effectively combines an urban location with elegant architectural design, individual scope and open spaces for relaxation. It is a combination with strong appeal to users, with around 90% of the apartments already taken.” 

As Frank Nickel, Chief Executive Officer of CA Immo, says, “Since 2010, we have been working towards our goal of developing the former Siemens site into a thriving, attractive environment in which people can live and work. LAENDYARD will play a big part in giving the site an urban feel by contributing high quality, modern accommodation and convenience stores to the overall development.”

According to Erich Hohenberger, district director for Vienna Landstrasse, “Overall development of the area is channelling the densely built-up third municipal district towards the Lände and Wiener Prater recreation areas. As a result the quality of the location will be especially high, to the benefit of the many current and future residents of this residential quarter.”

Karl-Heinz Strauss, CEO of PORR: “It is almost a year since the symbolic breaking of the ground here, and we have kept the promise we made at the time – to work on time and within budget to our usual high standards. If everything continues to go to plan, the fruitful collaboration between the project partners and the commitment of our team on site will ensure the next milestone in May: completion on schedule.”

LAENDYARD: Around 500 apartments to be constructed by early 2018

Overall, the LAENDYARD site will comprise the residential complex by the Donaukanal along with the Wohnbau Süd residential complex on Haidingergasse, which has 220 rental apartments and 142 parking spaces. By the spring of 2018, some 500 apartments spanning 40-150 sqm will be built according to an architectural concept devised by BEHF and MALEK HERBST; all apartments will come with private balcony, terrace or garden. The Wohnbau Süd project will be developed by CA Immo on behalf of ESTRELLA Immobilieninvest AG, a property company belonging to the Karl Wlaschek private foundation. JP Immobilien will be exclusively responsible for marketing the whole of the LAENDYARD site as well as the site marketing.

Location and transport connections

With an unobstructable location on the Donaukanal, the city and the airport are just minutes away; it is a five-minute walk to the U3 underground line and Vienna University of Economics and Business. The location is also ideal for cyclists thanks to the nearby intersection of two national cycle paths. The Wiener Prater is a stone’s throw away thanks to a pedestrian and cycle bridge crossing the Lände in front of the building. 

Facts and figures: LAENDYARD

Approximately 500 apartments

30,000 sqm of usable space for residential purposes

1,400 sqm of retail space

300 parking spaces

1,500 sqm of undeveloped space

Ownership and rental models

Apartments spanning 40-150 sqm

Purchase prices starting at €147,000

Rental rates from €600 gross, including operating expenses and VAT

Start of construction: Late summer 2016

Completion: Mid-2018

Contact for interested residents:

info@laendyard.com 

www.laendyard.com 

Link to the photo gallery: www.apa-fotoservice.at/galerie/9765

 

About JP Immobilien

The JP Immobilien Group is one of the biggest private developers of inner city properties on the Vienna real estate market. In broad terms, the company is active in five main business areas: investment, (property) development, marketing, property management and supplying real estate investment products. These areas have essentially constituted the mainstays of success for the JP Immobilien Group for 20 years.

About CA Immo 

CA Immo specialises in office properties in Central European capitals. The company covers the entire value chain in the field of commercial real estate, from lettings and management to project development based on a high degree of in-house construction expertise. Founded in 1987, CA Immo – which is listed on the ATX index of the Vienna Stock Exchange – controls property assets of around €4 bn in Germany, Austria and Eastern Europe.

Press Contact

Susanne Steinböck
Head of Corporate Communications

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