WET
WETgruppe is Lower Austria's largest non-profit housing developer, managing 22,900+ subsidized residential units across 250+ municipalities and delivering around 1,100 new or renovated units per year under the Austrian WGG framework.
- Company typePrivate
- Founded1973
- HeadquartersLower Penn, United Kingdom
- Headcount—
- GTM typeB2C
- OfferingServices
What WET does
WETgruppe is a coalition of non-profit housing companies headquartered in Mödling, Lower Austria, operating under the Austrian Wohnungsgemeinnützigkeitsgesetz (WGG) framework and delivering subsidized housing through the NÖ Wohnbauförderung program. The group is the largest non-profit housing developer in Lower Austria, holding a portfolio of 1,200+ properties and 22,900+ residential units spread across more than 250 municipalities, with approximately 1,100 units under construction or renovation each year. Its core products are subsidized rental apartments complemented by condominiums, energy-efficient refurbishments, and ancillary commercial space; the more recent VIVITgruppe subsidiary (2020) extends the offering into non-subsidized housing. Technical components emphasize low-energy construction, heat pumps, ventilation systems, and photovoltaic integration, with a renewable energy community pilot launched in April 2026 in partnership with ÖKOSTROM.KOLLEKTIV.
The business model is non-profit and mission-driven: revenue is generated from below-market subsidized rents, condominium sales, and ancillary services, with surpluses reinvested into new construction and refurbishment rather than distributed. The company finances operations through a consortium of regional banks (HYPO NOE, Erste Bank, Volksbank Wien) and NÖ Versicherung, supplemented by public subsidy allocations. Customer-facing operations are supported by a 140+ employee organization with a new St. Pölten office (opened 2021), a "Meine WETgruppe" tenant portal, and a 24/7 emergency service partnership with BELFOR. Leadership has been stable since 2019 under CEO/Chairman Christian Rädler and Managing Director Michael Kloibmüller, and the group is currently diversifying vertically into integrated healthcare real estate via the planned Martinsquartier health center (Q2 2027).
WET firmographics
Firmographics- Name
- WET
- Legal name
- "Wohnungseigentümer" Gemeinnützige Wohnbaugesellschaft m.b.H.
- Website
- https://wet.at
- Company type
- Private
- Founded year
- 1973
- Operating status
- Operating
- Short description
- WETgruppe is Lower Austria's largest non-profit housing developer, managing 22,900+ subsidized residential units across 250+ municipalities and delivering around 1,100 new or renovated units per year under the Austrian WGG framework.
- Ownership category
- akta.pro rank
WET industry classification
Industry- Product category
- Affordable Housing Development
- NAICS
- Lessors of Residential Buildings and Dwellings (53111), Lessors of Nonresidential Buildings (except Miniwarehouses) (531120)
- SIC
- General Bldg Contractors - Residential Bldgs (1520), Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Operators (No Developers) & Lessors (6510)
- akta.pro primary industry
- Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC)
- akta.pro secondary industries
- Infrastructure, Housing & Community Development (BPAGABAL), Interconnection, Permitting & Grid Services for DERs (EUAMAJAH)
Keywords
Where WET is headquartered
LocationHeadquarters
- HQ city
- Lower Penn
- HQ country
- United Kingdom
- HQ region
- Europe
Offices2 records
Markets served
WET business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Marketing or Sales, Infrastructure, Technology or R&D
Revenue model
- Residential Rental Income: Revenue from renting subsidized apartments and row houses to residents in Lower Austria. Properties are financed through NÖ Wohnbauförderung (state housing subsidies) and rents are set according to subsidy guidelines.
- Commercial Real Estate: Revenue from commercial medical centers and practice spaces, such as the planned Martinsquartier health center in Wiener Neustadt with 12 practices.
- Property Sales (Miete mit Kaufoption): Revenue from sale of housing units after rental period under 'Miete mit Kaufoption' model where residents can purchase after qualifying period.
- Freifinanzierter Wohnbau (Non-subsidized housing): Revenue from privately financed housing projects through VIVITgruppe subsidiary, such as 'Am Ufer Lanzenkirchen' with 80 condominiums.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Subsidized rental housing (Geförderte Mietwohnungen) |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels5 records
WET product offering
Product offeringCore offering
WETgruppe is a non-profit housing developer (gemeinnützige Bauvereinigung) that builds, renovates, and manages subsidized and free-financed residential housing across Lower Austria. The group manages over 22,900 residential units and approximately 1,200 properties in more than 250 municipalities, operating through subsidiaries for subsidized rental housing, Miete mit Kaufoption ownership transfers, Junges Wohnen (young people's housing), Begleitetes Wohnen (assisted living for seniors), and commercial/medical real estate.
Product overview
WETgruppe operates as a housing development and property management company offering subsidized residential construction and renovation, specialized housing models (assisted living and young people's housing), commercial real estate (medical practices), and a customer self-service portal. The core business is subsidized housing development across Lower Austria with subsidiary operations for free-financed housing through VIVITgruppe. The product portfolio includes property search portals, thermal renovation services, and upcoming health center developments, all managed through the Meine WETgruppe customer portal.
Differentiator
Problem solved
Functional benefit
Brands
- VIVITgruppe: Non-subsidized housing development arm established in 2020 for projects without state funding
- VIVITimmo
- VIVITliving
- VIVIThv
- Meine WETgruppe
- AM UFER Lanzenkirchen
Products and services
- WETgruppe Wohnungsbau (Geförderter Wohnbau / Subsidized Housing)
- Thermische Sanierung (Thermal Renovation)
- Meine WETgruppe (Customer Portal)
- Immobiliensuche (Property Search Portal)
- Junges Wohnen (Young People's Housing)
- Begleitetes Wohnen (Assisted Living)
- Ordinationen & Gewerbe (Medical Practices & Commercial Real Estate)
- Martinsquartier Wiener Neustadt (Health Center)
- VIVITgruppe (Freifinanzierter Wohnbau / Free-Financed Housing)
- AM UFER Lanzenkirchen (Free-Financed Ownership Project)
Quantifiable outcome
- Up to 40% electricity cost savings through energy community model
- +2 more outcomes
Companies that use WET
Customer profileNamed customers4 records
Segments5 records
Ideal customer profiles5 records
WET technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Feature4 records
WET partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- ÖKOSTROM.KOLLEKTIV eGencorePartnership for pilot energy community project (Energiegemeinschaft) in Statzendorf. WETgruppe provides building rooftops for PV installations while ÖKOSTROM.KOLLEKTIV handles operation, organization, and direct billing with residents. Residents can save up to 40% on electricity costs.
- BELFORcore24/7 emergency hotline partnership for residents. BELFOR technicians provide emergency repairs for acute defects, plumber and electrician work, blockage removal, and fire/water damage restoration even at night or on weekends.
- Land NiederösterreichcoreState government partnership for subsidized housing development through NÖ Wohnbauförderung funding.
- VIVITgruppeminorSubsidiary since 2020 for non-subsidized housing projects. Includes VIVITimmo (construction management), VIVITliving (free-financed housing), and VIVIThv (property management).
Scale indicators5 records
Recent moves10 records
Expansion highlights6 records
WET competitors and assessment
Company assessmentBroad incumbents
- S IMMO AG: Vienna-listed real estate investment company with significant residential and commercial property exposure in Austria and CEE. Provides broader-incumbent comparison for WETgruppe's real estate operations, though operating under for-profit REIT-like model rather than nonprofit WGG.
- IMMOFINANZ AG: Vienna-listed commercial and residential real estate company with Austrian and CEE property portfolio. Comparable as a broad Austrian incumbent in residential property ownership and development, though structured as for-profit enterprise.
- CA Immobilien Anlagen AG: Austrian real estate company focused on commercial properties (offices) with selective residential exposure. Comparable to WETgruppe's commercial real estate arm (medical practices, Martinsquartier), though the broader portfolio is office-focused.
- UBM Development AG: Austrian real estate developer specializing in residential, hotel, and office projects. Comparable to WETgruppe's VIVITgruppe non-subsidized residential arm (e.g., Am Ufer Lanzenkirchen), though operating as for-profit listed developer.
Direct peers
- Neue Heimat Tirol: Tirol-based nonprofit housing developer (gemeinnützige Wohnbaugesellschaft) operating under the WGG. Directly comparable in subsidized housing construction, rental portfolio management, and federal-state-level government partnerships.
- Gemeinnützige Wohn- und Siedlungsgenossenschaft GWS: Styria-based nonprofit housing cooperative operating under the WGG framework. Closely comparable to WETgruppe in delivering state-subsidized multi-family housing, owning/operating rental stock, and providing property management services.
- Heimat Österreich: Austrian gemeinnützige Wohnbaugesellschaft headquartered in Upper Austria, operating the same nonprofit subsidized housing model under the WGG. Most directly comparable to WETgruppe by legal structure, business model, and federal-state geographic focus.
- Salzburg Wohnbau: Nonprofit housing developer serving the Salzburg region of Austria under WGG. Comparable to WETgruppe in operating subsidized multi-family rental housing, providing municipal development partnerships, and serving similar renter demographics at regulated prices.
- Sozialbau AG: Vienna-based nonprofit housing developer with one of Austria's largest subsidized rental portfolios. Comparable to WETgruppe in operating model, regulatory framework (WGG), and tenant segments, though focused on Vienna rather than Lower Austria.
Emerging players
- ÖKOSTROM KOLLEKTIV eGen: Austrian renewable energy cooperative partnered with WETgruppe for the Statzendorf Energiegemeinschaft pilot. Comparable as an emerging player in Austria's distributed energy and community renewables space relevant to WETgruppe's PV integration and energy community strategy.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
WET social profiles
Digital presenceWET compliance and trust
Trust signalCompliance1 record
WET financial estimates
Financial estimateRevenue estimate
Valuation estimate
WET leadership team
Management profileNumber of profiles
Profiles11 records
WET subsidiaries and ownership
Company hierarchySubsidiaries4 records
WET funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
WET 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 WET
What does WET do?
WETgruppe is a non-profit housing developer (gemeinnützige Bauvereinigung) that builds, renovates, and manages subsidized and free-financed residential housing across Lower Austria. The group manages over 22,900 residential units and approximately 1,200 properties in more than 250 municipalities, operating through subsidiaries for subsidized rental housing, Miete mit Kaufoption ownership transfers, Junges Wohnen (young people's housing), Begleitetes Wohnen (assisted living for seniors), and commercial/medical real estate.
Is WET a public or private company?
WET is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was WET founded?
WET was founded in 1973.
Where is WET based?
WET is headquartered in Lower Penn, United Kingdom, in the Europe region.
How does WET make money?
Four revenue lines are on record. Residential Rental Income is the primary driver. The others are commercial Real Estate, property Sales (Miete mit Kaufoption) and freifinanzierter Wohnbau (Non-subsidized housing).
Who are WET's main competitors?
Broad incumbents on record are S IMMO AG, IMMOFINANZ AG, CA Immobilien Anlagen AG and UBM Development AG. Direct peers are Neue Heimat Tirol, Gemeinnützige Wohn- und Siedlungsgenossenschaft GWS, Heimat Österreich, Salzburg Wohnbau and Sozialbau AG. ÖKOSTROM KOLLEKTIV eGen is listed as an emerging player.
Does WET have an API?
No public API is recorded for WET.
What industry is WET in?
WET's product category is Affordable Housing Development. Its primary akta.pro industry code is BPAGALAC, Affordable Housing & Community Development (Housing, Community Land Trusts), with a secondary code of BPAGABAL, Infrastructure, Housing & Community Development. Its NAICS code is 53111 and its SIC code is 1520.