WET

Affordable Housing Developmentwet.at

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

Subsidized housing development
Residential property management
Affordable housing
Nonprofit housing association
Thermal renovation services

Where WET is headquartered

Location

Headquarters

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 offering

Core 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 profile

Named customers4 records

Segments5 records

Ideal customer profiles5 records

WET technology and API

Technology

Technology 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 signal

Partnerships

Four partnerships are on record, tiered core and minor.

ÖKOSTROM.KOLLEKTIV eGencoreStrategic or Co-development Partner · 27 April 2026Partnership 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.
BELFORcoreStrategic or Co-development Partner24/7 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 NiederösterreichcoreStrategic or Co-development PartnerState government partnership for subsidized housing development through NÖ Wohnbauförderung funding.
VIVITgruppeminorStrategic or Co-development PartnerSubsidiary 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 assessment

Broad 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 compliance and trust

Trust signal

Compliance1 record

WET financial estimates

Financial estimate

Revenue estimate

Valuation estimate

WET leadership team

Management profile

Number of profiles

Profiles11 records

WET subsidiaries and ownership

Company hierarchy

Subsidiaries4 records

WET funding detail

Funding detail

Funding overview

Funding rounds

Investors

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

WET M&A and investment

M&A and investment

M&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?

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.