Leipzig's LWB: Courageous investments for more subsidized housing!

Leipzig's LWB: Courageous investments for more subsidized housing!

Leipziger Wohnungs- und Baugesellschaft mbH (LWB) is continuing its ambitious plans for comprehensive investments in housing construction. The focus is on both the renovation of existing residential complexes and the creation of new apartments. Mayor Burkhard Jung once again emphasized the LWB's essential role for the city and its citizens by describing the investments as a high priority for Leipzig and describing the LWB as a central partner in housing policy issues. According to Leipziginfo, the LWB is planning to build new subsidized apartments in order to counteract the rising rent trend.

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

Renovations and environmental awareness

The LWB also carries out extensive renovation measures, particularly in prefabricated building areas, to improve energy efficiency and reduce greenhouse gas emissions. Doreen Bockwitz, the managing director of the LWB, speaks of a continuation of construction activities despite the current difficult conditions. The number of photovoltaic systems increased to 99, which brings with it an installed capacity of 4.23 MWp and contributes to a more sustainable heat supply for buildings that are not connected to the district heating network, as n-tv reports.

Net rents rose moderately by 19 cents to 6.03 euros per square meter, which is still comparatively cheap compared to the city's average, as this price is around one euro below the city's comparable value. New building rents, on the other hand, fell from 7.92 euros to 7.81 euros per square meter, which makes the LWB an important player in reducing rent prices in all city districts.

Financial development and number of employees

In the 2024 financial year, the LWB generated an annual surplus of 19.8 million euros, but this fell compared to the previous year at 33.6 million euros. The reasons for this include a lack of special effects. The balance sheet total grew to 1.62 billion euros, and construction expenditure rose sharply to 165 million euros. The vacancy rate in LWB apartments fell to around 4%, indicating increasing interest in housing.

In total, LWB currently manages 36,782 apartments and employs 569 people, underlining its role as a key player in 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 report comprehensively on the future direction and challenges of the LWF.