Gewobag

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Gewobag Wohnungsbau-Aktiengesellschaft Berlin

Industry	real estate
Founded	14 May 1919
Headquarters	Berlin, Germany
Key people	Snezana Michaelis, Markus Terboven (Vorstand) Michael Sachs (Aufsichtsratsvorsitzender)
Revenue	427,700,000 euro[1]
Number of employees	658[1]

Gewobag is a German property company owned by the State of Berlin^[2] which plans to own 80,000 apartments by 2030 in order to improve housing affordability.^[3]

Gewobag's name comes from a shortening of its former legal name, German: Gemeinnützige Wohnungsbau-AG Groß Berlin, roughly "Public Housing Construction Corporation of Greater Berlin".

In September 2019 Gewobag bought 6000 apartments, mostly in Spandau and Reinickendorf.^[2] The purchase from cost 920 million euros^[3] and is considered the largest such purchase of apartments ever for Berlin.^[2]

See also[]

• Deutsche Wohnen

References[]