Leipzig's LWB: Brave investments for more funded living space!

Leipzig's LWB: Brave investments for more funded living space!

Miltitz, Deutschland - The Leipzig Wohnungs- und Baugesellschaft mbH (LWB) continues its ambitious plans for comprehensive investments in housing construction. The focus is on the renovation of existing residential systems and the creation of new apartments. Mayor Burkhard Jung has once again emphasized the essential role of the LWB for the city and its citizens by describing the investments as a high priority for Leipzig and describing the LWB as a central partner on housing policy issues. According to Leipziginfo, the LWB is planning to build new subsidized apartments in order to counteract the increasing rental price development.

In the coming months, four quarters with a total of 349 apartments will be completed. Preparations are already underway for a further seven new construction projects, which gives a positive view of the future living space situation in Leipzig. Thomas Dienberg, Chairman of the LWB Supervisory Board, underlined the company's activities in social housing in East Germany and emphasized that almost 1,000 new apartments have been built in the past five years, of which around 73 percent have been funded.

renovations and environmental awareness

The LWB also carries out extensive renovation measures, especially in prefabricated areas, in order to improve energy efficiency and reduce greenhouse gas emissions. Doreen Bockwitz, the managing director of the LWB, speaks of continuing the construction activities despite the currently difficult framework. The number of photovoltaic systems rose to 99, which entails an installed output of 4.23 MWP and contributes to a more sustainable heat supply for buildings that are not connected to the district heating network, such as n-tv reported.

The net rents have a moderator of 19 cents to rose to 6.03 euros per square meter, which is still comparatively cheap compared to the average urban values, since this price is around one euro below the urban comparison value. The new tree rental, on the other hand, dropped from 7.92 euros to EUR 7.81 per square meter, which makes LWB an important rental price -damping player in all districts.

Financial development and number of employees

In the 2024 financial year, the LWB generated an annual surplus of 19.8 million euros, but it decreased with EUR 33.6 million compared to the previous year. The reasons for this include missing special effects. The balance sheet total grew to 1.62 billion euros, and construction expenses rose significantly to 165 million euros. The vacancy in the LWB apartments fell to about 4%, which indicates increasing interest in living space.

Overall, the LWB currently manages 36,782 apartments and employs 569 people, which underlines their role as a key player on the housing market. In addition, the LWB remains active in social work to support particularly disadvantaged people and refugees in the city. Leipziginfo and n-tv reports comprehensively on the future direction and challenges of the LWB.