What Wohn + Stadtbau does

Wohn + Stadtbau Wohnungsunternehmen der Stadt Münster GmbH is a municipal housing company wholly owned by the City of Münster, Germany, founded in 1930 and operating for over 90 years. It owns approximately 7,000 rental apartments and manages an additional 1,000 units for third parties such as Sparkasse Münsterland Ost, providing homes to more than 17,000 residents across family, single, senior, accessible, publicly subsidized, and privately financed housing categories. The company also develops and sells approximately 40 Eigentumswohnungen (owner-occupied apartments) per year on a commission-free basis.

The business operates a hybrid revenue model: a recurring rental-income base (~7,000 units, ~400 vacancies annually against 4,000 interested parties), one-time condominium sales (~40 units/year), and third-party property management fees. Distribution is direct through the corporate website, the Steinfurter Straße headquarters, and the "Meine W+S" digital service portal with native iOS and Android apps. The technology stack emphasizes sustainable construction (KfW-Effizienzhaus 40 NH, Kalte Nahwärme anergy network at 5-25°C, Mieterstrom rooftop PV in partnership with Stadtwerke Münster) and tenant self-service, but contains no disclosed AI/ML capabilities.

Strategically, the company is mid-execution on an unusually concentrated build cycle: the 759-unit, €200M York-Quartier Gartenwohnen on the former British York-Kaserne (Q4 2020 – Q1 2026), the 111+ unit Kirschgarten with proprietary anergy heating (through 2029), the 104-unit Quartier Moldrickx (2024-2026), and the newly acquired Albachten Ost site. A stated five-year plan targets 1,600+ additional rental units, 60% publicly subsidized and 40% privately financed, funded in part through a 50-million-euro municipal innovation package. Additional social infrastructure includes the jointly controlled Jugendstiftung Wohn + Stadtbau (youth foundation, est. 2003) and on-site Quartiersmanagement services.

Name

Wohn + Stadtbau

Legal name

Wohn + Stadtbau Wohnungsunternehmen der Stadt Münster GmbH

Website

https://wohnstadtbau.de

Company type

Private

Founded year

1930

Operating status

Operating

Headcount range

101–250 employees

Short description

Wohn + Stadtbau is the municipal housing company of Münster, Germany, owning approximately 7,000 rental apartments and managing 1,000 more for third parties, serving over 17,000 residents. It is currently mid-build on a 1,600-unit five-year expansion anchored by the €200M York-Quartier project.

Ownership category

akta.pro rank

Product category

Residential Real Estate

NAICS

Residential Property Managers (531311), Lessors of Residential Buildings and Dwellings (53111), New Housing For-Sale Builders (236117), New Multifamily Housing Construction (except For-Sale Builders) (236116), Real Estate Property Managers (53131)

SIC

Operators Of Apartment Buildings (6513), Real Estate Agents & Managers (For Others) (6531), Real Estate Operators (No Developers) & Lessors (6510)

akta.pro primary industry

Multifamily Apartment Property Management (BPAJAFAA)

akta.pro secondary industries

New Development / Declarant Transition Management (BPAJAHAK), Association Maintenance, Vendor & Capital Project Management (BPAJAHAM), Mixed-Use Community Association Management (BPAJAHAF)

Keywords

• Municipal housing operations
• Apartment rental services
• Condominium property sales
• Third-party property management
• Affordable housing development

Headquarters

HQ city

Münster

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Rental Income: Primary revenue stream from approximately 7,000 owned rental apartments. Income is recurring, subscription-like (monthly rent payments), with approximately 400 units becoming available annually due to tenant turnover.
2. Property Sales (Eigentumswohnungen): Sale of ownership apartments (Eigentumswohnungen) to individual buyers. The company builds approximately 40 ownership apartments per year and sells them directly. Properties are marketed commission-free (provisionsfrei). Revenue is one-time per transaction rather than recurring.
3. Third-Party Property Management: Management of approximately 1,000 externally managed apartments (fremdverwaltete Wohnungen) for third parties such as Sparkasse Münsterland Ost, generating management fees.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Wohn + Stadtbau is a municipal housing company that develops, rents, and sells residential apartments in Münster, Germany. It manages approximately 7,000 owned rental apartments and 1,000 externally managed units serving more than 17,000 residents, sells newly built ownership apartments (Eigentumswohnungen) at a rate of about 40 per year, delivers turnkey residential construction projects for institutional clients, and provides ancillary services such as tenant electricity (Mieterstrom), anergy-based heating (Kalte Nahwärme), digital tenant services (Meine W+S portal), and neighborhood management across multiple new mixed-use developments including the €200M York-Quartier.

Product overview

Wohn + Stadtbau is a municipal housing company offering rental and ownership housing in Münster. Core products include approximately 7,000 rental units and property sales (~40 condominiums/year). The portfolio includes major construction projects: York-Quartier Gartenwohnen (759 units, ~200M EUR, 2020-2026), Quartier Kirschgarten (111+ units, anergy network, through 2029), and Quartier Moldrickx (104 units, 2024-2026). Digital services include the Meine W+S tenant portal with iOS/Android apps. Additional services cover Mieterstrom (tenant electricity), Kalte Nahwärme (anergy heating), neighborhood management, and the Jugendstiftung youth foundation. The company plans to build over 1,600 rental units in five years (60% publicly subsidized, 40% privately financed).

Differentiator

Problem solved

Functional benefit

Products and services

• Mieten (Rental Housing) Long-term rental apartment offerings in Münster, including family-appropriate units, single-person units, barrier-free/accessible apartments for people with disabilities, and a mix of publicly subsidized (Wohnberechtigungsschein-eligible) and privately financed units. Offered to individuals and families seeking primary residence in Münster.
• Kaufen (Eigentumswohnungen / Ownership Apartments) Sale of newly built ownership apartments (Eigentumswohnungen) in Münster, including family, single, young, and senior-appropriate units. Approximately 40 units are built and sold per year, marketed commission-free directly via the company's sales team. Targeted at individual owner-occupiers and investors seeking new-build housing in Münster.
• Fremdverwaltete Wohnungen (Third-Party Property Management) Full-service property management for third-party residential property owners such as Sparkasse Münsterland Ost, covering approximately 1,000 externally managed apartments plus turnkey residential construction mandates (e.g., Grevener Straße 242 project delivered on a full LPH 1-9 HOAI scope from urban planning through construction management to economic supervision).
• Mieterstrom (Tenant Electricity Supply) Tenant electricity supply service delivered in partnership with Stadtwerke Münster, providing residents of qualifying buildings with renewable electricity generated by rooftop photovoltaic systems installed on their own apartment buildings at reduced rates without long-distance transport.
• York-Quartier Gartenwohnen Residential Development A major garden-oriented mixed-tenure residential neighborhood development on the former York-Kaserne (British military) site in Münster-Gremmendorf comprising 759 apartments across 10 construction phases (477 publicly subsidized, 204 privately financed rental units, 72 condominiums), plus two 4-group kindergartens, communal gardens, green roofs, and rooftop PV/Mieterstrom infrastructure.
• Quartier Kirschgarten Residential Development Innovative residential quarter under development in Münster-Handorf featuring 29 building plots, 52 publicly subsidized and 59 privately financed rental units, nursing/shared-living facilities (12 units), residential groups (25 units), refugee housing (50 persons), and a Kalte Nahwärme anergy-network energy system built around low-temperature (5–25°C) local heating and cooling.
• Quartier Moldrickx Residential Development Redevelopment of a former nursery site into a mixed-tenure neighborhood of 62 publicly subsidized and 16 privately financed rental units plus 26 condominiums, including a daycare facility and commercial spaces across three construction phases to 2026, built to KfW-Effizienzhaus 40 NH energy efficiency standards.
• Alte Mauritzschule Conversion Development Conversion of the former Kita (daycare) building at Alte Mauritzschule into 12 privately financed rental apartments together with a large-scale daycare facility in a new extension building.
• Albachten Ost Wohnquartier Development New residential quarter development in Albachten Ost, Münster, comprising 18 land plots (~28,000 m²) acquired and transferred in 2025 as part of the city's 50-million-euro innovation housing package to deliver innovative new-build housing.

Quantifiable outcome

• 4,000 interested parties compete for ~400 available apartments annually
• +2 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration16 records

Feature3 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Stadtwerke MünstercoreStrategic or Co-development Partner · 1 July 2026Partnership for Mieterstrom (tenant electricity) supply in York-Quartier. Stadtwerke Münster operates photovoltaic installations (70.24 kWp and 24.64 kWp) on residential buildings and supplies renewable electricity directly to tenants. This enables the 'Strom vom eigenen Dach' concept for sustainable energy supply.
• KonvOY GmbHcoreStrategic or Co-development Partner · 1 January 2017KonvOY GmbH is a 100% subsidiary of Stadt Münster established in 2017 for rapid, coordinated development of former military base areas. The company manages the conversion of the former York-Kaserne and Oxford-Kaserne sites. Wohn + Stadtbau became co-owner of the York-Kaserne site in 2018 and develops residential building fields (Baufeld C) for the York-Quartier project.
• Sparkasse Münsterland OstcoreStrategic or Co-development PartnerSparkasse Münsterland Ost commissioned Wohn + Stadtbau to complete a new residential construction project at Grevener Straße 242 in Münster. Nine modern, privately financed rental apartments were built after demolition of the former Sparkasse branch. Wohn + Stadtbau provided complete project management from urban planning through construction management (LPH 1-9 HOAI) to economic supervision.
• de AlliantieminorStrategic or Co-development PartnerDutch housing company delegation visited Wohn + Stadtbau as part of a study trip. Approximately 20 housing sector professionals including area developers, project managers, and resident coordinators exchanged views on current challenges and innovative approaches to neighborhood development, focusing on affordable housing and vibrant neighborhoods.
• Lorenzen Architekten GmbHcoreTechnology or IntegrationWon the urban and open-space planning competition in 2013/2014 with their design for the York-Quartier. Developed design guidelines (Gestaltungsleitlinien) that serve as the basis for current work and the allocation of individual building fields. Core architectural vision: preservation of sufficient open space, creation of high-quality recreational areas, and harmonious architectural diversity.

Scale indicators7 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• LEG Immobilien: NRW-focused residential real estate company (~170,000 units) with significant Münster-area exposure. Comparable by customer base and product type but operating as a publicly listed REIT.
• Vonovia: Germany's largest private residential landlord (~500,000+ units) including Deutsche Wohnen. Broad incumbent offering national-scale rental housing with overlapping customer base but profit-maximizing mandate.

Direct peers

• Howoge: Berlin municipal housing company managing ~75,000+ units. Same municipal-owned structure, mixed subsidized/market portfolio, large development program and neighborhood management services.
• Gewobag: Berlin municipal housing company (Städtische Wohnungsbaugesellschaft) managing ~60,000+ units. Directly comparable municipal model, affordable housing mandate, and large-scale new development on city land.
• Bauverein Münster eG: Local Münster housing cooperative. Directly comparable by geography (same housing market) and member-focused affordable housing mission, serving similar tenants.
• SAGA Siedlungs-Aktiengesellschaft Hamburg: Hamburg's municipal housing company managing ~130,000+ units. Closely comparable public-mandate rental housing model with new development and tenant service ecosystem.
• GEWOFAG (Stadtwerke München / München Wohnen): Munich municipal housing company with tens of thousands of units across the Munich metro. Same public-mandate rental/affordable housing model on a larger scale.

Regional players

• Vivawest: Major NRW residential housing company (~110,000+ units), active across the region including near Münster. Comparable by product and tenant base though headquartered elsewhere in NRW.
• Alliantie (de Alliantie): Dutch municipal housing corporation recently hosted by Wohn + Stadtbau for best-practice exchange. Comparable municipal-owned housing model and neighborhood development focus, but operating in the Netherlands rather than Germany.

Emerging players

• Baugenossenschaft mehr als wohnen: Munich-based cooperative housing project focused on innovative, community-driven affordable housing. Comparable by social-mission rental model and neighborhood integration but smaller and geographically separate.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/WohnStadtbau
• LinkedInlinkedin.com/company/wohn-stadtbau
• Instagraminstagram.com/wohnstadtbau

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries2 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 Wohn + Stadtbau