Gem & Co
Österreichisches Volkswohnungswerk (ÖVW) is a Vienna-based non-profit housing developer, founded in 1951 and wholly owned by Erste Bank, that builds and manages subsidized and market-rate rental apartments, ownership apartments, and commercial spaces in Vienna and Lower Austria under Austria's WGG affordable-housing framework.
- Company typePrivate
- Founded1951
- HeadquartersVienna, Austria
- Headcount51–100
- GTM typeB2B and B2C
- OfferingServices
What Gem & Co does
Österreichisches Volkswohnungswerk, Gemeinnützige Ges.m.b.H. (ÖVW), referenced in the data as Gem & Co, is a Vienna-based non-profit housing developer and manager founded in 1951 and operating as a 100% subsidiary of Erste Bank der oesterreichischen Sparkassen AG. It is legally constituted as a Gemeinnützige Bauvereinigung under Austria's Wohnungsgemeinnützigkeitsgesetz (WGG), which subjects it to cost-coverage, asset-binding, and Generationenausgleich rules and requires reinvestment of surpluses into affordable housing rather than profit distribution. ÖVW develops, owns, and manages residential and commercial real estate in Vienna (primarily districts 1020 Leopoldstadt and 1220 Donaustadt) and Lower Austria (Krems, Unterwaltersdorf), with a portfolio spanning subsidized rental apartments (geförderte Mietwohnungen at €341-€1,183/month), freely financed rental apartments (frei finanzierte Mietwohnungen at €468-€1,861/month), ownership apartments (Eigentumswohnungen at €316,700-€633,100), and commercial retail spaces (€2,297-€8,776/month).
The core technology stack is conventional web infrastructure: a marketing and project-listing site at oevw.at, a search and registration flow, downloadable PDF exposés, and the mein.oevw.at customer portal for existing residents to manage reservations, submit maintenance and warranty claims, and access documents. Technology partners include Payuca (garage access with license plate recognition and NFC), Google Maps for location, and TDG for building and object services. The company runs a network of affiliated entities including ÖVW Bauträger GmbH for development, PATRIA and WIENER cooperatives, and the industry association GBV.
Commercial operations follow a direct-to-consumer go-to-market model: ÖVW markets projects online and at its Vienna headquarters, takes reservations through the website and portal, and manages leases and ownership transfers in-house. Revenue streams are split between recurring monthly rental income from both subsidized and market-rate apartments plus commercial spaces, and one-time transaction revenue from ownership apartment sales. The customer base is fragmented across private individuals and small commercial tenants, with no large-anchor counterparties disclosed, and Erste Bank functions as the sole concentration risk on the funding side rather than the demand side.
Gem & Co firmographics
Firmographics- Name
- Gem & Co
- Legal name
- Österreichisches Volkswohnungswerk, Gemeinnützige Ges.m.b.H.
- Website
- https://oevw.at
- Company type
- Private
- Founded year
- 1951
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Österreichisches Volkswohnungswerk (ÖVW) is a Vienna-based non-profit housing developer, founded in 1951 and wholly owned by Erste Bank, that builds and manages subsidized and market-rate rental apartments, ownership apartments, and commercial spaces in Vienna and Lower Austria under Austria's WGG affordable-housing framework.
- Ownership category
- akta.pro rank
Gem & Co industry classification
Industry- Product category
- Residential Real Estate / Non-Profit Housing Development
- NAICS
- Lessors of Residential Buildings and Dwellings (53111), Residential Property Managers (531311)
- SIC
- Operators Of Apartment Buildings (6513), General Bldg Contractors - Residential Bldgs (1520)
- akta.pro primary industry
- Affordable & Subsidized Housing Property Management (LIHTC, Section 8) (BPAJAFAD)
- akta.pro secondary industry
- Single-Family Rental (SFR) Property Management (BPAJAFAB)
Keywords
Where Gem & Co is headquartered
LocationHeadquarters
- HQ city
- Vienna
- HQ country
- Austria
- HQ region
- Europe
Offices1 record
Markets served
Gem & Co business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Rental income: Monthly rental income from apartments and commercial spaces, including both subsidized (geförderte) and freely financed (frei finanzierte) rental units
- Property sales: Sale of ownership apartments (Eigentumswohnungen) to customers, generating one-time transaction revenue
- Commercial real estate: Rental income from commercial units (Gewerbeeinheiten) including retail spaces (Geschäftslokale)
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Subsidized rental apartments (Geförderte Mietwohnungen) |
| Subscription | Monthly | Freely financed rental apartments (Frei finanzierte Mietwohnungen) |
| Subscription | Multi-year contract | Ownership apartments (Eigentumswohnungen) |
| Subscription | Monthly | Commercial spaces (Gewerbe) |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels3 records
Gem & Co product offering
Product offeringCore offering
ÖVW develops, rents, and sells residential and commercial real estate in Vienna and Lower Austria, operating as a non-profit housing company (Gemeinnützige Bauvereinigung) under Austrian law. Its offerings include subsidized and freely financed rental apartments, ownership (Eigentums) apartments, commercial retail units, and property management services delivered through a customer portal. The company is fully owned by Erste Bank and serves both private households and commercial tenants directly through its website and physical office.
Differentiator
Problem solved
Functional benefit
Products and services
- Subsidized Rental Apartments (Geförderte Mietwohnungen) Government-subsidized rental apartments offered to eligible middle-income households, with monthly rents ranging from €341 to €1,183 brutto and equity requirements (Eigenmittel) of €2,187–€10,177. Available in Vienna and Lower Austria projects.
- Freely Financed Rental Apartments (Frei finanzierte Mietwohnungen) Market-rate rental apartments offered to individuals and families, with monthly rents ranging from €468 to €1,861 brutto and equity requirements (Eigenmittel) of €7,854–€32,759. Available in Vienna and Lower Austria projects.
- Ownership Apartments (Eigentumswohnungen) Ownership apartments for sale to individual buyers, with purchase prices ranging from €316,700 to €633,100 for apartments of 56-110 m². Available in select Vienna and Lower Austria projects.
- Commercial Spaces (Gewerbe / Geschäftslokale) Retail and commercial rental units within ÖVW housing developments, with monthly rents ranging from €2,297 to €8,776 brutto for spaces of 97-371 m². Targeted at retailers and businesses seeking premises in growing urban neighborhoods.
- Property Management Services (Immobilienverwaltung) Ongoing property management services for residents and owners, including maintenance handling, damage reporting, document access, and account management delivered through the mein.oevw.at customer portal and a 24/7 service hotline.
Companies that use Gem & Co
Customer profileSegments2 records
Ideal customer profiles2 records
Gem & Co technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Gem & Co partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and minor.
- Österreichischer Verband Gemeinnütziger Bauvereinigungen (GBV)coreIndustry association for non-profit housing providers in Austria. ÖVW is a member and subject to the association's oversight and regulations under the Wohnungsgemeinnützigkeitsgesetz (WGG).
- PATRIA gemeinnützige Bau-, Wohnungs- und Siedlungsgen. reg.Gen.m.b.H.minorAffiliated non-profit housing provider, listed as a data processing partner in privacy documentation.
- WIENER gemeinnützige Wohn- und Siedlungsgenossenschaft registrierte Genossenschaft mit beschränkter HaftungminorAffiliated non-profit housing cooperative, listed as a data processing partner in privacy documentation.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
Gem & Co competitors and assessment
Company assessmentBroad incumbents
- Wiener Wohnen: The City of Vienna's municipal housing department — by far the largest residential landlord and housing provider in Vienna, operating at significantly greater scale than ÖVW but serving overlapping subsidized housing tenants in the same market.
- Vonovia: Europe's largest residential real estate company, operating a multi-country portfolio of rental apartments including in Austria. While for-profit and broader in scope, it competes for institutional capital and large-scale development opportunities adjacent to ÖVW's market.
Direct peers
- Alpenland Gemeinnützige Bau- und Wohnungsgenossenschaft: Austrian non-profit housing cooperative operating in Vienna and Lower Austria, providing subsidized and market-rate housing under WGG with a similar development and property management model to ÖVW.
- Heimat Österreich: Austrian non-profit housing association developing and managing affordable rental and ownership housing across multiple Austrian regions under WGG, with overlapping customer base and regulatory structure.
- Sozialbau: Austrian non-profit housing developer (Gemeinnützige Bauvereinigung) operating in Vienna under the same WGG framework as ÖVW, providing subsidized and market-rate rental apartments and ownership units to similar customer segments.
- EBG Gemeinnützige Ein- und Mehrfamilienhäuser Baugenossenschaft: Austrian non-profit housing cooperative developing and managing residential properties in Vienna under WGG, comparable in business model, regulatory framework, and customer focus to ÖVW.
- BRW Bauträger Realitäten Wohnen: Austrian real estate developer active in Vienna residential markets, providing rental and ownership apartments in overlapping geographic areas with comparable customer targeting to ÖVW.
- WBV-GPA: Wohnbauvereinigung für Privatangestellte — Austrian non-profit housing provider serving private-sector employees with rental and ownership apartments, comparable to ÖVW in regulatory model and target customer segment.
- Neue Heimat: Austrian non-profit housing association providing affordable rental and ownership apartments under the WGG framework, with overlapping customer segments and development focus in the Vienna and Lower Austria region.
- Wien-Süd: Vienna-based non-profit housing cooperative (Gemeinnützige Bau- und Wohnungsgenossenschaft) offering subsidized and freely financed rental apartments, directly competing with ÖVW in the Vienna market under the same WGG framework.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Gem & Co social profiles
Digital presenceGem & Co financial estimates
Financial estimateRevenue estimate
Valuation estimate
Gem & Co leadership team
Management profileNumber of profiles
Profiles3 records
Gem & Co subsidiaries and ownership
Company hierarchySubsidiaries4 records
Gem & Co funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Gem & Co 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 Gem & Co
What does Gem & Co do?
ÖVW develops, rents, and sells residential and commercial real estate in Vienna and Lower Austria, operating as a non-profit housing company (Gemeinnützige Bauvereinigung) under Austrian law. Its offerings include subsidized and freely financed rental apartments, ownership (Eigentums) apartments, commercial retail units, and property management services delivered through a customer portal. The company is fully owned by Erste Bank and serves both private households and commercial tenants directly through its website and physical office.
Is Gem & Co a public or private company?
Gem & Co is a private company. It is classified as corporate owned and is currently operating.
When was Gem & Co founded?
Gem & Co was founded in 1951. It employs 51 to 100 people.
Where is Gem & Co based?
Gem & Co is headquartered in Vienna, Austria, in the Europe region.
How does Gem & Co make money?
Three revenue lines are on record. Rental income is the primary driver. The others are property sales and commercial real estate.
Who are Gem & Co's main competitors?
Broad incumbents on record are Wiener Wohnen and Vonovia. Direct peers are Alpenland Gemeinnützige Bau- und Wohnungsgenossenschaft, Heimat Österreich, Sozialbau, EBG Gemeinnützige Ein- und Mehrfamilienhäuser Baugenossenschaft, BRW Bauträger Realitäten Wohnen, WBV-GPA, Neue Heimat and Wien-Süd.
Does Gem & Co have an API?
No public API is recorded for Gem & Co.
What industry is Gem & Co in?
Gem & Co's product category is Residential Real Estate / Non-Profit Housing Development. Its primary akta.pro industry code is BPAJAFAD, Affordable & Subsidized Housing Property Management (LIHTC, Section 8), with a secondary code of BPAJAFAB, Single-Family Rental (SFR) Property Management. Its NAICS code is 53111 and its SIC code is 6513.