WGS Bremen Wohnungsgenossenschaft eG

What WGS Bremen Wohnungsgenossenschaft eG does

WGS Bremen Wohnungsgenossenschaft eG is a registered housing cooperative (eingetragene Genossenschaft) founded on November 9, 1948, headquartered at Sielwall 12 in Bremen's Viertel district. The cooperative owns and directly manages 1,226 rental apartments distributed across 14 Bremen districts (Viertel, Blumenthal, Burgdamm, Hemelingen, Neustadt, Huchting, Kattenesch, Osterholz, Schwwachhausen, Sebaldsbrück, Vegesack, and Walle), serving 1,569 individual members as of December 31, 2024. Members acquire housing access by purchasing cooperative shares (Geschäftsanteile) at EUR 155 per share, with required share count varying by apartment size, and are granted lifelong tenancy rights (Dauernutzungsvertrag) that eliminate termination risk for personal need (Eigenbedarfskündigung). Up to 4% annual dividends are paid on share capital, which totaled TEUR 1,108 across 7,176 outstanding shares at fiscal year-end 2024.

The cooperative's revenue model is built on two recurring streams: monthly rental income from owned apartments and member share capital subscriptions, supplemented by auxiliary parking and garage rentals. No traditional security deposit (Kaution) is charged; instead, share purchases substitute for deposits, providing both a financial commitment mechanism and a yield-bearing instrument for members. WGS Bremen employs a 13-person team (9 full-time, 4 part-time) covering property management, accounting, member administration, technical operations, and emergency service coordination. The technology footprint is minimal — a standard website (wgs-bremen.de) hosted by :seeyou GmbH provides apartment listings, tenant service portals, damage reporting, and document downloads. Auxiliary services include cable TV (via Vodafone, EUR 6.99/month as of July 2024), emergency plumbing/heating response through contracted vendors, and smoke detector monitoring by Brunata and Kalorimeta.

Governance follows German cooperative law, with a three-member executive board (Vorstand) led by Peter Effer (technical), Bernfried Hollmann (commercial), and Dieter Sauer (part-time commercial), under supervisory board chair Claudia Gernand. The cooperative is audited by VDW (Verband der Wohnungs- und Immobilienwirtschaft Niedersachsen und Bremen e.V.), its statutory audit association. For fiscal year 2024, WGS Bremen reported total equity of TEUR 24,432, a balance sheet total of TEUR 33,998, and an annual surplus (Jahresüberschuss) of TEUR 1,653. Distribution is exclusively direct-to-member with no intermediaries, marketplace channels, or external ownership structure — control rests entirely with the membership.

Name

WGS Bremen Wohnungsgenossenschaft eG

Legal name

W G S Bremen Wohnungsgenossenschaft eG

Website

https://wgs-bremen.de

Company type

Private

Founded year

1948

Operating status

Operating

Headcount range

1–10 employees

Short description

WGS Bremen is a member-owned German housing cooperative founded in 1948 that owns and rents 1,226 apartments across 14 Bremen districts to 1,569 members, offering lifelong tenancy rights in exchange for purchased cooperative shares.

Ownership category

akta.pro rank

Product category

Residential Housing

NAICS

Facilities Support Services (561210)

SIC

Operators Of Apartment Buildings (6513)

akta.pro primary industry

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

Keywords

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

Headquarters

HQ city

Bremen

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Membership Shares (Geschäftsanteile): Prospective members purchase cooperative shares at EUR 155 per share. The required number of shares varies by apartment size and features. Members receive dividends of up to 4% on their share holdings. The cooperative had 7,176 shares outstanding with members' share capital of TEUR 1,108 as of December 31, 2024.
2. Rental Income from Dauernutzungsverträge: The primary revenue stream is monthly rent from 1,226 owned rental apartments across 14 Bremen districts. Members hold a lifelong tenancy right (Dauernutzungsvertrag) that eliminates the risk of termination for personal need, replacing traditional security deposits with share purchases.
3. Parking and Garage Rental: The cooperative rents out garages and parking spaces to members as an additional revenue stream. Managed by Sabrina Körding (Immobilienkauffrau), this auxiliary service generates income beyond core apartment rentals.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

WGS Bremen Wohnungsgenossenschaft eG is a registered housing cooperative that owns and rents out 1,226 apartments across 14 districts of Bremen, Germany, to its 1,569 cooperative members. Prospective tenants must purchase at least one cooperative share (Gesch\u00e4ftsanteil) at EUR 155 to enter a lifelong tenancy contract (Dauernutzungsvertrag), earning up to 4% annual dividends on their share capital in lieu of a traditional security deposit. The cooperative bundles supplementary tenant services including 24/7 emergency repairs, online damage reporting, cable TV (via Vodafone), and a document download center.

Product overview

WGS Bremen Wohnungsgenossenschaft eG is a housing cooperative offering 1,226 rental apartments across 13 Bremen neighborhoods (Viertel, Blumenthal, Burgdamm, Hemelingen, Neustadt, Huchting, Kattenesch, Osterholz, Schwachhausen, Sebaldsbrück, Vegesack, and Walle). The core product is residential housing rental requiring cooperative membership with business shares. Related services include emergency repair services, online damage reporting, cable TV (via Vodafone), and a document download center. The cooperative was founded November 9, 1948, and is governed by a three-member board of executives.

Differentiator

Problem solved

Functional benefit

Products and services

• Wohnungsvermietung (Apartment Rental) Rental housing services offering 1,226 own rental apartments across 14 Bremen neighborhoods (Viertel, Blumenthal, Burgdamm, Hemelingen, Neustadt, Huchting, Kattenesch, Osterholz, Schwachhausen, Sebaldsbrück, Vegesack, Walle), requiring cooperative membership with business shares at EUR 155 each and a lifelong Dauernutzungsvertrag.
• Notfallservice (Emergency Services)

Named customers1 record

Segments1 record

Ideal customer profiles1 record

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 minor and core.

• VodafoneminorOthersVodafone is the cable TV provider for WGS Bremen's properties. As of July 1, 2024, cable TV costs are no longer included in operating cost allocations. Each tenant must now contract directly with Vodafone. WGS negotiated a preferential rate of EUR 6.99/month for its tenants who continue service directly with Vodafone. Vodafone provides TV, radio, and internet signals up to 1 Gbit/s through the existing building infrastructure.
• Verband der Wohnungs- und Immobilienwirtschaft in Niedersachsen und Bremen e. V. (VDW)coreOthersVDW is WGS Bremen's statutory audit association (gesetzlicher Prüfungsverband), responsible for conducting mandatory cooperative audits as required under German cooperative law. The association is based in Hannover. VDW also provides industry representation, advocacy, and professional standards for its member housing cooperatives.
• Firma RRS Rohrreinigungs-ServiceminorOthersRRS Rohrreinigungs-Service provides emergency drain and pipe cleaning services for WGS Bremen tenants, reachable at 0421/490049 for urgent drain blockages where wastewater no longer drains.
• Firma StahmannminorOthersFirma Stahmann (0172-4201846) handles emergency plumbing and heating repairs for WGS Bremen properties in the Kattenesch and Neustadt districts only — covering water/pipe bursts and gas storage heater/central heating failures.
• Firma WichmannminorOthersFirma Wichmann (0421/43852-0) handles emergency plumbing and heating repairs for WGS Bremen properties in all districts except Kattenesch and Neustadt — covering water/pipe bursts and gas storage heater/central heating failures during the heating season (October 15 to April 15).
• Firma BrunataminorOthersFirma Brunata provides smoke detector fault reporting service for WGS Bremen tenants (0800/0001797). Brunata is one of two smoke detector service providers contracted by the cooperative.
• Firma KalorimetaminorOthersFirma Kalorimeta provides smoke detector fault reporting service for WGS Bremen tenants (0800/0008718). Kalorimeta is one of two smoke detector service providers contracted by the cooperative.

Scale indicators8 records

Recent moves6 records

Expansion highlights2 records

Market position

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/wgs-bremen-wohnungsgenossenschaft-eg

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 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 WGS Bremen Wohnungsgenossenschaft eG