Gewobag Wohnungsbau-Aktiengesellschaft Berlin | |
Location City: | Berlin, Germany |
Key People: | Snezana Michaelis, Markus Terboven (Vorstand) Michael Sachs (Aufsichtsratsvorsitzender) |
Industry: | real estate |
Gewobag is a German property company owned by the State of Berlin[1] which plans to own 80,000 apartments by 2030 in order to improve housing affordability.[2]
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.[1] The purchase from ADO Properties cost 920 million euros[2] and is considered the largest such purchase of apartments ever for Berlin.[1]