Lübecker Bauverein

Name

Lübecker Bauverein

Legal name

LÜBECKER BAUVEREIN eG

Website

https://luebecker-bauverein.de

Company type

Private

Founded year

1892

Operating status

Operating

Headcount range

1–10 employees

Short description

Lübecker Bauverein eG is a 130-year-old housing cooperative in northern Germany managing approximately 5,800 rental apartments for 10,117 members across Lübeck, Ostholstein, and Nordwestmecklenburg, combining affordable housing with a BaFin-supervised member savings institution.

Ownership category

akta.pro rank

Product category

Residential Housing Cooperative

NAICS

Credit Unions (522130)

SIC

Operators Of Apartment Buildings (6513), Services-Membership Organizations (8600)

akta.pro primary industry

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

akta.pro secondary industries

Corporate & Executive Short-Term Housing Management (BPAJAIAH), HOA / Condominium Association Management (BPAJAFAH)

Keywords

• Housing cooperative services
• Residential rental apartments
• Member savings products
• Property management services
• Affordable housing rentals

Headquarters

HQ city

Lübeck

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Marketing or Sales

Revenue model

1. Residential Rental: Primary revenue stream from renting approximately 5,800 apartments to members. Average cold rent is €7.19/m². The cooperative offers subsidized (publicly funded) housing units (2,487 units).
2. Savings Deposits (Spareinrichtung): Since 2011, the cooperative operates a savings institution offering classic savings products to members. Savings deposits are invested in modernization and new construction projects. Total savings volume is approximately €71.8 million. Maximum deposit per person is €250,000.
3. Guest Apartments (Gästewohnungen): The cooperative rents out guest apartments to members - currently operating at least one guest apartment in St. Jürgen (Virchowstraße 1b, 23562 Lübeck) at €120 for first night, €60 for subsequent nights, 50m², 2 rooms, max 4 persons.
4. Property Management for Third Parties (Fremdverwaltung): The cooperative offers property management services for external property owners, generating additional management fee revenue.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Lübecker Bauverein eG is a member-owned housing cooperative that rents approximately 5,800 residential apartments (including 2,487 publicly subsidized units) to its roughly 10,117 members in Lübeck, Ostholstein, and Nordwestmecklenburg. The cooperative also operates a savings institution (Spareinrichtung) offering classic savings products to members with deposits reinvested in housing modernization and new construction, plus a guest apartment rental service and third-party property management (Fremdverwaltung).

Differentiator

Problem solved

Functional benefit

Brands

• Mein LBV: Customer portal and mobile app for members to manage rental contracts, savings accounts, and documents.

Products and services

• Residential Rental Apartments Long-term residential rental apartments for members of the cooperative across multiple districts and surrounding regions. Includes 1-5+ room apartments, with a portfolio of approximately 5,800 units at an average cold rent of €7.19/m². Targeted at individuals, families, seniors, and students seeking affordable housing in Northern Germany.
• Subsidized Housing (Geförderter Wohnungsbau) 2,487 publicly subsidized rental apartments within the cooperative's portfolio, available to members who meet state-defined eligibility criteria (income thresholds, etc.). Provides reduced-rent housing under German state housing assistance programs.
• Spareinrichtung (Savings Institution) - Multiple Savings Products Member-only savings institution offering classic savings products: Klassik-Sparen (variable 0.25% p.a.), Junior-Sparen (2.00% p.a. up to €5,000), Wachstums-Sparen (fixed 6-year, avg 2.13% p.a.), Sparbrief (savings bonds 2-10 years, 2.00-2.70% p.a.), and Ziel-Sparen (monthly goal savings, avg 2.40% p.a.). Total savings volume approximately €71.8 million. Maximum deposit per person €250,000. Supervised by BaFin.
• Guest Apartments (Gästewohnungen) Short-term rental of furnished guest apartments for members. Currently operates at least one guest apartment in St. Jürgen (Virchowstraße 1b, 23562 Lübeck) at €120 for first night, €60 for subsequent nights; 50m², 2 rooms, max 4 persons, non-smoking, no pets.
• Third-Party Property Management (Fremdverwaltung) Property management services offered to external property owners (not members), leveraging the cooperative's Wodis property management platform and operational expertise. Generates management fee revenue as a professional service.
• Mein LBV Customer Portal & Mobile App Self-service customer portal with mobile app for existing members to manage rental contracts, view documents, report issues/damage, access savings information, and contact the cooperative. Available on Apple App Store and Google Play Store.

Quantifiable outcome

• Average cold rent €7.19/m² - significantly below market rates in many German cities
• +4 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration12 records

Partnerships

Six partnerships are on record, tiered core, major and minor.

• Grundstücks-Gesellschaft TRAVE mbHcoreStrategic or Co-development Partner · 1 July 2017Joint development partner for the 'Wohnen auf dem Baggersand' project in Lübeck-Travemünde. Together with other housing companies, acquired land from the Hanseatic City of Lübeck and developed 254 rental apartments on approximately 20,000 m².
• NEUE LÜBECKER Norddeutsche Baugenossenschaft eGcoreStrategic or Co-development Partner · 1 July 2017Joint development partner for the 'Wohnen auf dem Baggersand' project in Lübeck-Travemünde. Part of the developer consortium that built 254 rental apartments.
• Vereinigte Baugenossenschaften Lübeck eGcoreStrategic or Co-development Partner · 1 July 2017Joint development partner for the 'Wohnen auf dem Baggersand' project in Lübeck-Travemünde. Part of the developer consortium that built 254 rental apartments.
• Verband norddeutscher Wohnungsunternehmen e.V.majorOthersAudit association (Prüfungsverband) for Hamburg, Mecklenburg-Vorpommern, and Schleswig-Holstein. Located at Tangstedter Landstraße 83, 22415 Hamburg. Provides statutory auditing services for the cooperative.
• Wohnungsbaugenossenschaften SHminorOthersAssociation of housing cooperatives in Schleswig-Holstein. Lübecker Bauverein is a member and displays the association logo on their website.
• GdW Bundesverband deutscher Wohnungs- und Immobilienunternehmen e.V.majorOthersNational association of German housing and real estate companies. Lübecker Bauverein is additionally a member of the GdW's self-help fund (Selbsthilfefonds) for securing savings deposits.

Scale indicators6 records

Recent moves9 records

Expansion highlights5 records

Broad incumbents

• LEG Immobilien SE: Large listed residential landlord focused on North Rhine-Westphalia. Operates ~165,000 units and competes in the German regulated-affordable segment; relevant for benchmarking subsidy-dependent portfolios and modernization economics.
• Deutsche Wohnen SE: Major German residential landlord (now part of Vonovia) historically competing for Berlin-area affordable housing stock. Provides benchmark for institutional-scale operations, capex on aging stock, and exposure to rent-cap regulation relevant to Lübecker Bauverein's subsidized portfolio.
• Vonovia SE: Germany's largest listed residential landlord with ~500,000+ units nationwide. While a broad investor-owned operator rather than a member cooperative, Vonovia competes for the same German affordable-housing pool and sets benchmark rents, capex expectations, and digital-operating standards relevant to Lübecker Bauverein.

Direct peers

• Wohnungsgenossenschaft Kiel eG: Housing cooperative serving Kiel and the surrounding Kieler Förde region. Same eG structure, same member rental model, comparable scale to Lübecker Bauverein, and operates in the same Schleswig-Holstein regulatory and subsidy environment — strong structural peer.
• NEUE LÜBECKER Norddeutsche Baugenossenschaft eG: Lübeck-based housing cooperative operating in the same neighborhoods and district set; joint development partner on the 254-unit 'Wohnen auf dem Baggersand' project. Same cooperative legal form (eG) and same member-rental model — directly comparable in scale, structure, and target customer.
• Vereinigte Baugenossenschaften Lübeck eG: Another large Lübeck housing cooperative (eG) and Baggersand joint venture partner. Competes for the same limited municipal land, the same member/applicant pool, and the same subsidy allocations — structurally identical business model.
• Grundstücks-Gesellschaft TRAVE mbH: Lübeck-based residential real estate company that was the third partner in the Baggersand JV with Lübecker Bauverein. Operates owned rental housing in the same Lübeck region and competes directly for both tenants and municipal development sites.

Regional players

• Wohnungsbaugenossenschaften Schleswig-Holstein (WBG SH): Industry association of housing cooperatives across Schleswig-Holstein, of which Lübecker Bauverein is itself a member. Many of its constituent cooperatives (e.g., in Kiel, Flensburg, Neumünster) operate the same eG-based member rental model with Spareinrichtungen, providing regional benchmark peers.
• Baugenossenschaft Hamburg-Wandsbek eG: Hamburg-based housing cooperative operating member-rental housing with a similar portfolio structure. Adjacent geography in northern Germany with a comparable tenant base and competitive dynamics; useful benchmark for scale and rent levels outside Lübeck.

Others

• GdW Bundesverband deutscher Wohnungs- und Immobilienunternehmen e.V. National umbrella association of German housing cooperatives and real estate companies. Lübecker Bauverein is a member and participates in the GdW Selbsthilfefonds for deposit protection; GdW defines industry standards, lobbying, and benchmarking for the cooperative segment in which the subject operates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Instagraminstagram.com/luebecker_bauverein
• LinkedInlinkedin.com/company/l%C3%BCbecker-bauverein

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 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 Lübecker Bauverein