GWH
GWH Wohnungsgesellschaft mbH Hessen is a Frankfurt-based German housing company, wholly owned by Helaba Landesbank, that owns and manages ~48,000 residential units across seven German states, serving 120,000+ residents with affordable rental housing, new construction, property trading, fund management, and energy services.
- Company typePrivate
- Founded1924
- HeadquartersFrankfurt, Germany
- Headcount11–50
- GTM typeB2C
- OfferingServices
What GWH does
GWH Wohnungsgesellschaft mbH Hessen is a Frankfurt-headquartered, privately held German housing company founded in 1924 and operating as a 100% subsidiary of Landesbank Hessen-Thüringen (Helaba). The company owns and manages approximately 48,182 residential units directly and ~53,000 units in total across Hesse, Lower Saxony, North Rhine-Westphalia, Baden-Württemberg, Saxony, and Rhineland-Palatinate, serving roughly 120,000 residents at an average net cold rent of €8.89 per square meter per month.
The business operates a vertically integrated platform spanning property ownership and rental (the core revenue stream, generating €546.6M in FY2025 group revenue and €217.8M EBIT), property trading and portfolio acquisitions, new construction through GWH Bauprojekte GmbH and the standardized GWH-HessenHaus modular concept (€3,950/sqm fixed price), fund management for institutional investors via GWH WertInvest GmbH (operating since 2019), commercial property management through GGM, crafts and maintenance through GWH WohnWerk GmbH (founded 2024), and heating and energy services through Systeno GmbH. Customer-facing technology includes the GWH home Mieterportal tenant self-service platform, digital rental processes via the Immomio partnership, and the recently launched Gebäude Navigator building management platform with the Navi Heizung sub-module for heating efficiency.
Go-to-market combines direct-to-consumer digital rental (with sales partners such as CAMPO Immobilien for new-build projects like Hannover NordKrone), enterprise sales for portfolio transactions with institutional investors and other housing companies, and municipal partnerships for affordable construction. Customers are distributed across general residential tenants (including market-rate and subsidized housing), senior residents via the integrated #Quartiershäuser care-and-housing concept, students, sustainability-conscious tenants in new-build developments with EV charging and Mieterstrom, and institutional investors via the fund subsidiary — yielding a highly fragmented, low-concentration tenant base.
GWH firmographics
Firmographics- Name
- GWH
- Legal name
- GWH Wohnungsgesellschaft mbH Hessen
- Website
- https://gwh.de
- Company type
- Private
- Founded year
- 1924
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- GWH Wohnungsgesellschaft mbH Hessen is a Frankfurt-based German housing company, wholly owned by Helaba Landesbank, that owns and manages ~48,000 residential units across seven German states, serving 120,000+ residents with affordable rental housing, new construction, property trading, fund management, and energy services.
- Ownership category
- akta.pro rank
GWH industry classification
Industry- Product category
- Residential Real Estate Services
- NAICS
- Lessors of Residential Buildings and Dwellings (531110), New Multifamily Housing Construction (except For-Sale Builders) (236116), Residential Property Managers (531311)
- SIC
- Operators Of Apartment Buildings (6513), General Bldg Contractors - Residential Bldgs (1520)
- akta.pro primary industry
- Build-to-Rent (BTR) Community Management (BPAJAFAC)
- akta.pro secondary industries
- Residential General Contracting (New Build) (IMAFAAAB), Affordable & Subsidized Housing Property Management (LIHTC, Section 8) (BPAJAFAD)
Keywords
Where GWH is headquartered
LocationHeadquarters
- HQ city
- Frankfurt
- HQ country
- Germany
- HQ region
- Europe
Offices5 records
Markets served
GWH business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales, Supply Chain
Revenue model
- Residential Rental Income: Core revenue stream from renting approximately 47,000 to 53,000 apartments across Germany. Net cold rent of 8.89 EUR per square meter per month in existing stock. Revenue from rental income is the primary business activity of the company.
- Property Trading and Acquisitions: GWH buys and sells residential portfolios and properties. Recent transactions include acquisitions in Erkrath (351 units), Bonn (166 units), Düsseldorf-Gerresheim (117 units), Cologne (Yellowstone portfolio), and portfolio sales to institutional investors.
- Development and Construction: New construction of multi-family buildings through subsidiary GWH Bauprojekte GmbH. Projects include NordKrone Hannover (around 1,400 rental units and townhouses), Varinia Frankfurt, and various other developments. Also includes the standardized GWH-HessenHaus concept.
- Fund Management (GWH WertInvest): Since 2019, GWH operates as fund house through subsidiary GWH WertInvest GmbH, managing real estate funds for institutional investors.
- Property Management Services: Subsidiary GGM Gesellschaft für Gebäude-Management mbH (30 years in business) provides commercial property management services for building owners, tenants, and the city of Frankfurt.
- Handwerk Services (GWH WohnWerk): Since 2024, subsidiary GWH WohnWerk GmbH provides craftsman services, expanding the company's service capabilities for property maintenance and repairs.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Existing residential stock rental |
| One time/ perpetual license | Multi-year contract | GWH-HessenHaus new construction |
| Subscription | Monthly | New construction NordKrone Hannover |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels11 records
GWH product offering
Product offeringCore offering
GWH is one of the largest residential housing companies in Hessen, Germany, owning and managing approximately 53,000 apartments that house more than 120,000 residents across Germany. The company rents apartments directly to tenants, develops new residential construction (including the standardized GWH-HessenHaus concept), trades residential portfolios, provides commercial property management through its GGM subsidiary, and since 2019 has operated as a fund house through GWH WertInvest for institutional investors. Its primary revenue driver is recurring residential rental income, supplemented by property sales, new construction, property management fees, and fund management services.
Differentiator
Problem solved
Functional benefit
Brands
- GWH-HessenHaus: A cost-optimized type construction concept for affordable housing development in Hessen, offered at a fixed price of 3,950 euros per square meter of living space.
Quantifiable outcome
- Customer satisfaction - ranked among fairest landlords in Germany (Focus Money study, 32 criteria)
- +4 more outcomes
Companies that use GWH
Customer profileNamed customers5 records
Segments6 records
Ideal customer profiles4 records
GWH technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
AI capability2 records
Feature4 records
GWH partnerships and signals
Strategic signalPartnerships
15 partnerships are on record, tiered minor, strategic and core.
- win e.V. – Wohnen in NachbarschaftenminorSocial neighborhood association supported by GWH with donations (3,333 EUR) for the Nachbarschaftstreff Kronsberg Süd, including sports equipment for community activities.
- Kirchengemeinde Kassel-SüdminorGWH supports the senior lunch program at Stadtteilzentrum Mittelpunkt Brückenhof with 12,000 EUR donation, providing daily meals for 12-20 elderly residents four days per week.
- othermo GmbHstrategicGWH Immobilien Holding acquired 25.01% stake in Alzenauer technology company othermo to accelerate the development and deployment of heating technology solutions for the property portfolio.
- Dénes Honus (Systeno)coreNew Managing Director of Systeno GmbH (GWH heating and energy subsidiary) starting August 1, 2025.
- European Federation for LivingminorGWH joined the European Federation for Living (EFL) to participate in cross-border cooperation and influence EU housing policy. Over half of relevant regulations for real estate now originate from the EU.
- Caritasverband Wiesbaden-Rheingau-TaunusstrategicSocial partner managing the Quartierstreff and providing nursing support for elderly residents in the Schelmengraben Quartiershaus project. Supports long-term independent living for seniors.
- GWH Digital GmbHcoreSubsidiary focused on digital services and innovation for the GWH group.
- CAMPO ImmobiliencoreSales partner managing the marketing and rental process for the NordKrone Hannover new construction project. CAMPO handles viewings, sales consultations, and rental applications for GWH's new build apartments in Kronsrode.
- AvaconcoreEnergy partner for Kronsrode providing tenant electricity (Mieterstrom) from photovoltaic systems on rooftops at approximately 10% below standard tariffs. Also provides EV charging infrastructure via R-fit wallbox system.
- LichtBlick eMobility GmbHminorPartnership for electric vehicle charging infrastructure. GWH installed first charging stations in Kassel-Helleböhn and continues expanding EV charging options at properties.
- GWH WohnWerk GmbHcoreNewly founded craftsman company expanding GWH's service capabilities for property maintenance and repairs as of August 2024.
- Immomio GmbHcoreDigital rental process partner enabling end-to-end digital apartment search, application, document submission, and viewing scheduling. Provides exclusive housing offers before other portals, matching profiles, and chat support.
- Frauen in Führung (F!F)minorLeading diversity network for the German real estate industry promoting women in leadership positions. GWH has been a member for two and a half years.
- st Stadtmobil HannoverminorCar sharing partnership in Kronsrode providing two car sharing spaces at Baufeld A1.2 for tenant use, promoting sustainable mobility in the new neighborhood.
- GWH WertInvest GmbHcoreSubsidiary managing real estate funds for institutional investors. GWH has been operating as a fund house since 2019, expanding into asset management.
Scale indicators15 records
Recent moves9 records
Expansion highlights7 records
GWH competitors and assessment
Company assessmentDirect peers
- TAG Immobilien AG: German residential property company with approximately 90,000 units focused on northern and eastern Germany. Comparable landlord-developer-operator model with similar BTR-style portfolio strategy.
- LEG Immobilien SE: NRW-focused residential real estate company with approximately 140,000 units. Closely comparable to GWH in business model (rental, management, development) though focused on a different German state.
- Grand City Properties SA: German residential company focused on BTR in urban locations, with approximately 65,000 units. Comparable in portfolio strategy (own and rent) and acquisition-led growth, though listed and concentrated in densely populated cities.
- SAGA Siedlungs-Aktiengesellschaft Hamburg: Hamburg's municipal housing company with over 130,000 units. Comparable as a state-related, mission-driven housing company combining ownership, new construction, and tenant services.
- Akelius Deutschland GmbH: German arm of Akelius with residential apartments in major German cities. Comparable as a long-term residential owner-operator with focus on property quality and tenant services.
- Deutsche Wohnen SE: Major German residential property company with a portfolio of over 150,000 units, focused on urban apartments in Berlin and other major cities. Operates the same vertically integrated own-rent-manage model as GWH.
- Nassauische Heimstätte | Wohnungsgesellschaft mbH: Hessen-based state-owned housing company with approximately 55,000 units. The most direct peer given identical geography (Hessen focus), similar scale, comparable affordable housing positioning, and state-bank ownership structure parallel to GWH's Helaba parentage.
Broad incumbents
- Vonovia SE: Germany's largest residential property company with approximately 500,000 units. Directly comparable as a vertically integrated landlord/developer/manager, though operating at much greater scale across Germany and Europe.
Regional players
- Gesobau AG: Berlin municipal housing company with approximately 45,000 units. Directly comparable in business model and scale, though focused exclusively on Berlin rather than operating across multiple German states.
- Howoge Wohnungsbaugesellschaft mbH: Berlin municipal housing company with over 80,000 units. Comparable as a state-related housing company combining affordable rentals with new construction and tenant services, though geographically focused on Berlin.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks5 records
Key highlights7 records
Customer concentration
GWH social profiles
Digital presenceGWH financial estimates
Financial estimateRevenue estimate
Valuation estimate
GWH leadership team
Management profileNumber of profiles
Profiles6 records
GWH subsidiaries and ownership
Company hierarchySubsidiaries6 records
GWH funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
GWH M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about GWH
What does GWH do?
GWH is one of the largest residential housing companies in Hessen, Germany, owning and managing approximately 53,000 apartments that house more than 120,000 residents across Germany. The company rents apartments directly to tenants, develops new residential construction (including the standardized GWH-HessenHaus concept), trades residential portfolios, provides commercial property management through its GGM subsidiary, and since 2019 has operated as a fund house through GWH WertInvest for institutional investors. Its primary revenue driver is recurring residential rental income, supplemented by property sales, new construction, property management fees, and fund management services.
Is GWH a public or private company?
GWH is a private company. It is classified as corporate owned and is currently operating.
When was GWH founded?
GWH was founded in 1924. It employs 11 to 50 people.
Where is GWH based?
GWH is headquartered in Frankfurt, Germany, in the Europe region.
How does GWH make money?
Six revenue lines are on record. Residential Rental Income is the primary driver. The others are property Trading and Acquisitions, development and Construction, fund Management (GWH WertInvest), property Management Services and handwerk Services (GWH WohnWerk).
Who are GWH's main competitors?
Direct peers on record are TAG Immobilien AG, LEG Immobilien SE, Grand City Properties SA, SAGA Siedlungs-Aktiengesellschaft Hamburg, Akelius Deutschland GmbH, Deutsche Wohnen SE and Nassauische Heimstätte | Wohnungsgesellschaft mbH. Vonovia SE is listed as a broad incumbent. Regional players are Gesobau AG and Howoge Wohnungsbaugesellschaft mbH.
Does GWH have an API?
No public API is recorded for GWH.
What industry is GWH in?
GWH's product category is Residential Real Estate Services. Its primary akta.pro industry code is BPAJAFAC, Build-to-Rent (BTR) Community Management, with a secondary code of IMAFAAAB, Residential General Contracting (New Build). Its NAICS code is 531110 and its SIC code is 6513.