Gem & Co

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.

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

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

• Non-profit housing development
• Rental apartments
• Ownership apartments
• Subsidized housing
• Property management

Headquarters

HQ city

Vienna

HQ country

Austria

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Rental income: Monthly rental income from apartments and commercial spaces, including both subsidized (geförderte) and freely financed (frei finanzierte) rental units
2. Property sales: Sale of ownership apartments (Eigentumswohnungen) to customers, generating one-time transaction revenue
3. Commercial real estate: Rental income from commercial units (Gewerbeeinheiten) including retail spaces (Geschäftslokale)

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core 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.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core and minor.

• Österreichischer Verband Gemeinnütziger Bauvereinigungen (GBV)coreOthersIndustry 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.minorStrategic or Co-development PartnerAffiliated non-profit housing provider, listed as a data processing partner in privacy documentation.
• WIENER gemeinnützige Wohn- und Siedlungsgenossenschaft registrierte Genossenschaft mit beschränkter HaftungminorStrategic or Co-development PartnerAffiliated non-profit housing cooperative, listed as a data processing partner in privacy documentation.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad 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

• LinkedInlinkedin.com/company/oevw

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Gem & Co