The company is targeting to raise up to US$10,000,000 for the development of 120 low-energy houses in the village of Trasdorf in the municipal of Atzenbrugg in the state of Niederoesterreich (Lower-Austria) in Austria.
NEW YORK, NY, June 08, 2016 /24-7PressRelease/ -- The US-AUSTRIAN Low-Energy House Developer "PEGASUS & PEGASUS MANAGEMENT HOLDING, LLC" announced today that it is launching a seed round funding campaign using the crowdfunding platform www.crowdfunder.com effective June 08, 2016. The company is targeting to raise up to US$10,000,000 for the development of 120 low-energy houses in the village of Trasdorf in the municipal of Atzenbrugg in the state of Niederoesterreich (Lower-Austria) in Austria. The first goal is $500,000.00 US Dollar.
The PEGASUS & PEGASUS MANAGEMENT HOLDING LLC (PEGASUS) will be constructing 120 low-energy houses in the village of Trasdorf in the municipal of Atzenbrugg in the state of Niederoesterreich (Lower-Austria) in Austria. The director of PEGASUS is Mr. Erhard Kovacevic. The development project TRASDORF offers young families and nature loving couples houses with two different sizes: the smaller house will have a living area of 95 m2 and the bigger house will have the size of 115 m2 including the foundation slap (an additional cellar is possible), garden and two parking areas.
The business endeavor will be successful because the area at the village of Trasdorf is currently missing new affordable homes for young families and commuters to bigger towns like Tulln, Krems an der Donau, St. Poelten and Vienna. Especially the Austrian capital Vienna is one of the significant employments. The mayor of Trasdorf received already enquiries from potential home buyers and an online testing phase of advertising the new houses in Trasdorf received already 50 enquiries within 3 days.
The project leader Mr. Kovacevic is very experienced in the real estate market and runs the company EEK Immobilienmanagement GmbH very successfully since 2012. Mr. Kovacevic works in this branch as realtor and as building and property manager since 1989 and lives in the area of Atzenbrugg as well.
Mr Kovacevic did already analyze the market in Atzenbrugg and after successful talks with the municipal of Atzenbrugg, the mayor and the official building departments it can be summarized that the project TRASDORF will successfully satisfy the demand.
Exit Strategy:
It is expected, that all 120 low-energy houses will be sold before completion. The exit will therefore be achieved within a maximum of 3 years
The Market:
The low-energy prefabricated houses will attract young families and commuters to the cities of Vienna, Krems an der Donau, Tulln and St. Poelten. The demand on affordable houses in Trasdorf is very high and potential customers can directly contact Mr. Kovacevic for detailed information about the project TRASDORF and for making an appointment to visit the show house. After clarifying the customer's need, the house building process will start and can be finished after only 4 months. The partner companies BZ-Bau and Mr. Dipl. Ing. Juergen Zeiler will be responsible for the house building.
The real estate market plays a crucial role in a country's economy. The most important component of one household's wealth is residential property. Price trends in the real estate markets affect household's consumption and investment decisions via wealth effects. One important fact that has to be considered for the real estate industry is the increase of wealth for the Austrian society within the last decades. In the last 19 years the GDP increased annually about 1.4%.
The website "immopreisatlas.at" analyzes the data in the Austrian real estate industry. The state Niederoesterreich shows low fluction in prices for buying a house. Only the prices for buying a house in the capital Vienna show aberrations within the last years.
The illustration 5 shows the price per m2 in Euro for all states in Austria. The average prices for buying a house in Austria is EUR2,174.70 per m2 and Vienna is the most expansive residential area in Austria including the city center and the outskirts. Vienna offers home buyers prices by an average of EUR3,875. The state of Niederoesterreich, where Trasdorf is located, is stated in the middle price segment and offers prices by an average of EUR2,128.
Marketing:
The project Trasdorf attracts young families, nature-loving couples and elderly. The company will employ an intelligent market entry strategy consisting of using tailor made communication instruments as well as dedicated and competent sales person Mr. Kovacevic.
People from the nearby housing area Seeviertel, members of the adjacent Golf Club, commuters and young families sent already requests to the mayor of Trasdorf and can be contacted directly. One house will be used as show house for interested parties to show people how their future home could look like.
The company will place advertisement in banks in form of flyers, posters and displays in Trasdorf, Atzenbrugg and bordering locations for example in the nearby Seeviertel as well as in the Golf Club. Naturally, large billboards will be put up in front of the construction site and will also be possible to put smaller posters and billboards up in the local communities surrounding the development project. Local newspapers will also be considered for print market and ad placement.
The company will place the properties on websites such as immowelt.at and others to reach a wider range of potential customers. A short image video at the website shows the building process and the surrounded natural environment to attract more people searching the web for houses for sale in Atzenbrugg.
The company will be counting on Mr. Kovacevic in placing the offers with partnering real estate agents, banks and possibly public institutions such as the municipal of Atzenbrugg. Mr. Kovacevic will also handle all client communication and will be responsible for building trust and personal sympathy towards potential buyers. If clients want to visit the building site or if they are demanding to update documentation concerning their investment, it will likewise be the responsibility of Mr. Kovacevic to make both personal appointments as well as all necessary documentation available to prospective customers.
Financial Plan:
Key Assumptions:
In the Austrian market it is common to charge on progress payment. It will take 8-10 weeks until the underground parking is completed; the company can then issue the first invoices and incur progress payment revenue. In the first year, 45 apartments are to be sold, 51 in the second and the remaining 24 in the third year.
Financing Needed:
The founder will infuse US $1.6 million and seeks $10 million in funding to cover all costs. The fairly high amount sought in equity crowd funding is needed to be able to finish all 120 apartments without having to struggle and being ready for any opportunity arising.
Management:
The project leader Mr. Kovacevic is very experienced in the real estate market and runs the company EEK Immobilienmanagement GmbH very successfully since 2012. Mr. Kovacevic works in this branch as realtor and as building and property manager since 1989 and lives in the area of Atzenbrugg as well.
Mr Kovacevic did already analyze the market in Atzenbrugg and after successful talks with the municipal of Atzenbrugg, the mayor and the official building departments it can be summarized that the project TRASDORF will successfully satisfy the demand.
The company owner Mr. Erhard Kovacevic has the vision to use the project Trasdorf as showcase project that can be applied in many countries of the European Union. It is his long-term goal to build low-energy houses throughout Europe.
For more information, please visit our campaign website:
https://www.crowdfunder.com/pegasus-pegasus-management-hol
and the YouTube-link at:
https://youtu.be/rDy9Yp3P-fg
and our Investor-Pitch-Deck at:
http://www.slideshare.net/solaritaly/pegasus-ppt-3?ref=https://www.cr ... gement-hol
Contact:
To learn more, please contact me:
Yours sincerely,
Signed by:
Mr. Erhard Kovacevic,
Managing Director - PEGASUS & PEGASUS MANAGEMENT HOLDING, LLC
Phone: +1-302-397-0565
Email: info@pegasus-austria.com
Web: www.pegasus-austria.com
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The US-AUSTRIAN Low-Energy House Developer "PEGASUS & PEGASUS MANAGEMENT HOLDING, LLC" Sets To Raise the first goal of $500,000.00 US Dollar through Crowdfunding Platform www.crowdfunder.com
June 08, 2016 at 03:00 AM EDT
