- Real estate transaction: NID strengthens market position by selling a residential building in the “Quartier Mitte”
- Buyer: Wiener Städtische Versicherung
- Development & general contractor: NOE Immobilien Development GmbH (NID)
The state capital of Lower Austria – specifically the “Quartier Mitte” – continues to grow: NOE Immobilien Development GmbH (NID), the specialist for high-quality living in Lower Austria and Vienna, has developed the “Eybnerstraße | Living in the Green” was sold to Wiener Städtische Versicherung as part of a forward deal.
Living in the countryside
The residential property planned by the NID as part of the independent district development is also being realized by the NID as a total contractor for the total of 40 rental apartments, each with 2 to 5 rooms. The subsequent construction of the new building at Eybnerstraße 14 in 3100 Sankt Pölten, directly opposite the “green” savings bank park, is being carried out by the general contractor Steiner Bau GmbH. Construction is scheduled to begin in Q1/2025 and is expected to be completed by the end of 2026.
We are very pleased that we were able to successfully conclude this forward deal with our investor – and are particularly proud that we have once again convinced Wiener Städtische Versicherung of a high-quality investment product in the ‘Quartier Mitte’,” says Mayor Michael Neubauer , Managing Director NID. “This deal is another milestone on our way to continue to actively and successfully shape this district development, which is remarkable in Lower Austria, and thus make a sustainable contribution to the creation of housing in the growing state capital of St. Pölten.” The investor has already purchased the completed and fully rented residential building “ Am Park”, which is located directly next to the new component to be built, was acquired and realized by the NID. It was agreed not to disclose the purchase price.
As one of the leading Austrian institutional real estate investors, Wiener Städtische benefits from the immediate rentability of the units on Eybnerstrasse. Future tenants await in the “Eybnerstrasse |” section Living in the Green” high-quality, affordable living space – spread over 7 above-ground floors, supplemented by parking spaces in the underground car park – in the heart of St. Pölten. “With this deal, we as NID are not only securing our future growth, but are also sending a strong signal to the real estate market,” said Neubauer.
Other components of the NID “Quartier Mitte” project that have already been completed include the residential buildings “Leben am Fluss” and “Stadthaus zum Fluss”, the hotel (operator: B & B Hotels) that opened at the end of 2024, and the public parking garage at Rennbahnstraße 1. www.quartiermitte.at
About NOE Immobilien Development GmbH (NID)
NID (NOE Immobilien Development GmbH) is a renowned real estate developer with a focus on residential construction in Lower Austria and Vienna. With a project volume of over 300 million euros, NID is one of the larger development companies on the Eastern Austrian market.
NID project developments are characterized by coordinated architecture, sustainable thinking and the inclusion of all stakeholders – with the aim of achieving a good range of high-quality, high-quality apartments at an attractive price level for all customers. www.nid.immo
NID Marketing & Corporate Communications
Martina Vukit
Telephone: +43 676 838 228 01
Email: martina.vukits@nid.immo
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