Düsseldorfer Wohnungsgenossenschaft eG

What Düsseldorfer Wohnungsgenossenschaft eG does

Düsseldorfer Wohnungsgenossenschaft eG (DWG) is a member-owned housing cooperative founded on 6 May 1898 in Düsseldorf, Germany, and operating for 126 years as a self-help organization providing affordable residential housing. The cooperative manages approximately 7,900 apartments for 11,175 members, charging a monthly Nutzungsgebuehr (usage fee) averaging €7.89 per m² rather than traditional rent, in addition to a mandatory membership contribution of four cooperative shares at €250 each plus a €50 entry fee. Members hold a Dauerwohnrecht (permanent right of residence), participate in one-member-one-vote governance through the annual Vertreterversammlung, and receive a 4% annual dividend on their share capital.

The cooperative's operations are run through its headquarters at Wagnerstr. 29, Düsseldorf, supported by two wholly-owned subsidiaries — DWG Wohnen GmbH for housing management and DWG Bau- und Betreuungsgesellschaft mbH for construction and supervision activities. DWG has a reported 2024 balance sheet total of €495.85 million with a 67.6% equity ratio, a 0.2% vacancy rate, and a 5.5% turnover rate. Recent initiatives include a fiber optic partnership with Net.D covering 7,800 units, a serial energy-efficiency modernization partnership with RENOWATE, a 2024 statutory revision, and acquisitions of 117 apartments in Grafental and a development parcel on Hansaallee in 2025.

DWG operates exclusively in Düsseldorf within the German state of North Rhine-Westphalia, and pursues a community-led growth strategy that combines new construction, modernization of existing stock, and portfolio acquisitions funded primarily through retained equity and member share capital rather than external investors or debt.

Name

Düsseldorfer Wohnungsgenossenschaft eG

Legal name

Düsseldorfer Wohnungsgenossenschaft eG

Website

https://dwg-online.de

Company type

Private

Founded year

1898

Operating status

Operating

Headcount range

11–50 employees

Short description

Düsseldorfer Wohnungsgenossenschaft eG is a 126-year-old member-owned housing cooperative in Düsseldorf, Germany, managing approximately 7,900 affordable apartments for 11,175 members under a usage-fee model with one-member-one-vote governance.

Ownership category

akta.pro rank

Product category

Residential Housing Cooperative

NAICS

Facilities Support Services (56121)

SIC

Operators Of Apartment Buildings (6513), Services-Membership Organizations (8600), Services-To Dwellings & Other Buildings (7340)

akta.pro primary industry

Cooperative (Co-op) Housing Association Management (BPAJAHAC)

akta.pro secondary industry

Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC)

Keywords

• Housing cooperative
• Affordable rental housing
• Residential property management
• Cooperative membership housing
• Senior housing services

Headquarters

HQ city

Duesseldorf

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Nutzungsgebuehr (Usage Fees): Members pay a monthly Nutzungsgebuehr (usage fee) for their cooperative apartments instead of traditional rent. The fee covers cold rent, operating costs, and heating cost advance payments. Average reported usage fee is EUR 7.89 per m2 as of 2024. This represents the primary recurring revenue stream.
2. Membership Contribution (Geschäftsguthaben): Members are required to purchase 4 mandatory cooperative shares at EUR 250 each (totaling EUR 1,000) plus a one-time entry fee of EUR 50. This capital forms the cooperative's equity base and is used for renovations, new construction, and reserves. Additional share purchases beyond the 4 mandatory shares are not permitted.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Düsseldorfer Wohnungsgenossenschaft eG (DWG) is a registered housing cooperative that provides affordable rental apartments to its members in Düsseldorf. Members purchase cooperative shares and pay recurring usage fees in exchange for the right to occupy an apartment, with additional services such as senior-friendly housing, modernizations, and member support. The cooperative owns and manages approximately 7,900 apartments for around 11,175 members.

Product overview

Düsseldorfer Wohnungsgenossenschaft eG (DWG) is a housing cooperative offering a portfolio of residential housing services centered on its cooperative living model. The core offering is cooperative housing (Genossenschaftlich Wohnen) where members become shareholders and pay usage fees. DWG also provides senior-friendly housing (Seniorenwohnen) and occasional ownership apartments (Wohnungen zum Kauf). Supporting services include membership management, repairs and emergency services, and comprehensive modernization programs. The cooperative manages approximately 7,900 apartments serving 11,175 members, with a focus on affordable housing, modernization, and new construction projects across Düsseldorf.

Differentiator

Problem solved

Functional benefit

Products and services

• Genossenschaftlich Wohnen (Cooperative Living) Core cooperative rental housing offering in which members purchase shares and pay recurring usage fees to occupy an apartment in DWG's portfolio of approximately 7,900 units in Düsseldorf. The offering is aimed at members seeking affordable, long-term, secure rental housing.
• Seniorenwohnen (Senior-Friendly Housing) Dedicated senior-friendly housing offering providing age-appropriate, accessible apartments within DWG's cooperative portfolio for senior members who want to remain in the cooperative while aging in place.
• Mitgliedschaft (Cooperative Membership) Prerequisite cooperative membership that provides access to DWG's housing and democratic voting rights. Membership requires purchase of four shares at €250 each (€1,000 total) plus a €50 entry fee, and grants the right to one vote in the cooperative's governance.
• Wohnungen zum Kauf (Apartments for Purchase) Occasional ownership offering in which DWG sells selected apartments (e.g., in DWG Wohnen GmbH) to buyers, providing an alternative path to homeownership alongside the cooperative rental model.

Quantifiable outcome

• 67.6% equity ratio (EK-Quote) as of 2024 — indicates strong financial health and low leverage.
• +2 more outcomes

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

Seven partnerships are on record, tiered core and minor.

• RENOWATEcoreStrategic or Co-development Partner · 4 July 2024RENOWATE conducted DWG's first serial (serialisierte), energy-efficient modernization project. This partnership set new standards for Duesseldorf in terms of prefabricated, energy-optimized renovation approaches, contributing to DWG's sustainability and modernization goals.
• Net.DcoreTechnology or Integration · 4 June 2024Net.D was contracted in June 2024 to deploy fiber optic (Glasfaser) connectivity across DWG's housing stock. The contract covers 7,500 existing apartments and 300 new-build apartments, totaling 7,800 units. This infrastructure partnership ensures high-speed internet connectivity for all DWG residents.
• DiakonieminorStrategic or Co-development Partner · 28 February 2024DWG served as the developer (Bauherr) for a daytime care facility (Tagespflege) at Am Quellenbusch in Duesseldorf-Gerresheim, operated by Diakonie. The facility opened in early 2024 as part of a broader integrated care and housing initiative.
• Evangelische Lutherkirchengemeinde (Evangelical Lutheran Church Congregation)coreStrategic or Co-development Partner · 20 November 2019DWG entered a joint development agreement with the Evangelical Lutheran Church congregation in Bilk to create a new residential quarter at Johannes-Weyer-Strasse. This partnership resulted in a mixed-use development combining housing with a community space (Gemeinwesenraum) and was completed with an inauguration ceremony in August 2022.
• DWG Wohnen GmbHcoreOthersDWG's primary subsidiary company, used as a holding vehicle for certain real estate operations and housing management activities.
• DWG Bau- und Betreuungsgesellschaft mbHcoreOthersDWG's construction and supervision subsidiary company, responsible for managing and overseeing construction projects, modernization programs, and new development activities within the cooperative.
• Düsseldorfer Bündnis für genossenschaftliches WohnencoreStrategic or Co-development PartnerA housing coalition comprising three housing cooperatives (including DWG) that jointly developed the 'Schlösser Areal' project in Derendorf with 134 affordable rental apartments. The coalition formally handed over keys to the Mayor in December 2021.

Scale indicators9 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Berliner Bau- und Wohnungsgenossenschaft von 1892 eG: Berlin-based housing cooperative founded in 1892 with a similar eingetragene Genossenschaft structure, member-share model, and long-term affordable housing mission. Directly comparable cooperative governance and product offering.
• Münchner Wohnungsbau-Genossenschaft eG (MWB): Munich housing cooperative operating under the same Genossenschaft framework with a comparable member-share structure and long-term affordable rental mission in a high-demand German city.
• Spar- und Bauverein Hannover eG: Hannover-based housing cooperative with a comparable member-owned rental model and multi-thousand-unit portfolio under the same German cooperative law framework.
• Hamburger Wohnungsbaugenossenschaft von 1902 eG: Major Hamburg housing cooperative with a member-share model and multi-thousand-unit portfolio, providing a near-identical cooperative housing model in another major German city.

Broad incumbents

• GAG Immobilien AG: Cologne-based public housing company managing tens of thousands of units with a similar mission of affordable rental housing; comparable in scale and tenant profile, though structured as a stock corporation rather than a cooperative.
• Deutsche Wohnen SE: Major German residential real estate company with a large multi-city portfolio; broad incumbent offering overlapping rental housing but at institutional scale and with different governance.
• Degewo AG: Berlin's largest state-related housing company managing tens of thousands of units with a public-mission focus; comparable in tenant base and affordability orientation, though organized as a public corporation rather than a cooperative.
• LEG Immobilien SE: NRW-focused residential real estate company with a large portfolio in the same broader region as DWG; broad incumbent competing for tenants and acquisition opportunities in the German rental housing market.
• SAGA Siedlungs-Aktiengesellschaft Hamburg: Hamburg's public housing company with a multi-tens-of-thousands-unit portfolio serving comparable affordable-housing demand; broad incumbent with overlapping mission but different ownership structure.
• Vonovia SE: Germany's largest residential real estate company with hundreds of thousands of units nationwide; broad incumbent competing in the same German rental housing market with significant scale and capital advantages.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/d%C3%BCsseldorfer-wohnungsgenossenschaft-eg

Revenue estimate

Valuation estimate

Number of profiles

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 Düsseldorfer Wohnungsgenossenschaft eG