Real property: LWB continues to speculate vigorously – rents are growing reasonably | EUROtoday

Despite the tense framework situations, the Leipzig Wohnungs- und Baugesellschaft (LWB) needs to proceed investing vigorously in new buildings and the renovation of its housing inventory. «The LWB continues. This is sweet information for the town and its residents, »mentioned Leipzigs Mayor Burkhard Jung (SPD) on the event of the institution of the corporate’s annual monetary statements by the overall assembly. The LWB is a crucial accomplice of the town on housing coverage points and in addition takes on social duties within the quarters.

According to the LWB supervisory board head Thomas Dienberg, the corporate is among the most energetic gamers in social housing in East Germany. There are presently 4 new development initiatives with a complete of 349 flats shortly earlier than completion, and preparation for 7 extra. Energetic renovations would even be promoted.

More flats for Leipzig – regardless of the disaster local weather

According to Managing Director Doreen Bockwitz, the variety of LWB flats has elevated by nearly 1,000 prior to now 5 years, a big a part of it by selling a dwelling allow. Most not too long ago, the corporate additionally acquired a big interior -city industrial property, which is to be transformed into round 80 to 100 flats.

According to Bockwitz, the typical internet rents rose by 19 cents to six.03 euros per sq. meter final yr, however thus remained round one euro beneath the city comparability worth. The emptiness dropped to about 4 p.c.

Less revenue – extra investments

In the 2024 monetary yr, the LWB generated an annual surplus of 19.8 million euros – after EUR 33.6 million within the earlier yr. The causes for the decline have been lacking particular results in comparison with 2023. The complete belongings grew to 1.62 billion euros, the development bills rose to 165 million euros.

At the tip of 2024, the LWB managed 36,782 flats and employed 569 staff.

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