- Groundbreaking for the EUR 65.6 million real estate project
- By 2024, IFA will have realized a mixed-use district with a hotel, commercial buildings, offices and subsidized housing
- Private individuals can participate in the exclusive IFA Prime Investment “V33” with a medium-term investment horizon from around 118,000 euros of their own funds
The ground-breaking ceremony for the EUR 65.6 million project “V33”, the current prime investment of IFA AG, took place on schedule at the beginning of April. In the top location of Salzburg, a modern city district is being built at Vogelweiderstraße 33 with a well thought-out mix of subsidized housing, business, offices and a numa hotel – with 120 rooms one of the last major approved hotel projects in the city of Mozart. Completion is scheduled for autumn 2024.
“With V33 we are already realizing the third IFA Prime Investment in Salzburg,” says IFA Board Member Michael Baert. “A medium-term real estate investment with an investment horizon of around 10 years, where you benefit from inflation-protected rental and leasing income in addition to the increase in value. In addition, the entire construction costs are guaranteed as a fixed price. This is not a matter of course these days and offers investors additional security. Participation in this secure property is currently still possible.”
With “V33” a city quarter is being created which, with optimal use of the attractive location and green, publicly accessible outdoor areas, will enrich the coveted part of the city. There is also particularly high demand in Salzburg for high-quality, affordable living space. “I am delighted that 20 subsidized rental apartments of the highest quality are being built here with the support of the State of Salzburg. The green façade shows how advanced construction is going on here,” said Liesl Weitgasser, chairwoman of the NEOS state parliamentary group as representative of the state of Salzburg, at the groundbreaking ceremony.
After the start of construction, an investment in this IFA Prime Investment is still possible. Private investors can participate in “V33” from 118,002 euros of their own funds. You benefit from an attractive return from inflation-protected rental/lease income after completion and from the planned sale after the value appreciation phase in around 10 years.
All information on this and other investments at www.ifa.at
About IFA – Institute for Investment Advice
Invest in real estate easily, smartly and securely – private and institutional investors can do that at the IFA. Austria’s largest provider of direct real estate investments has already successfully implemented 486 projects since it was founded in 1978. Investors have entrusted IFA with EUR 2.54 billion for this purpose. As a subsidiary of SORAVIA and in association with the group, IFA offers investors the entire range of services for real estate-based investments with a short, medium or long-term investment horizon. IFA is a member of the Association of Austrian Project Developers (VÖPE). www.ifa.at
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