Wohnstattengenossenschaft Siegen Eg

Name

Wohnstattengenossenschaft Siegen Eg

Legal name

Wohnstättengenossenschaft Siegen eG

Website

https://wgseg.de

Company type

Private

Founded year

1909

Operating status

Operating

Headcount range

11–50 employees

Short description

Wohnstättengenossenschaft Siegen eG is a member-owned housing cooperative founded in 1909 in Siegen, Germany, managing approximately 900 rental apartments. It serves residential members with affordable housing, cooperative governance, energy-efficient modernization, and in-house maintenance services.

Ownership category

akta.pro rank

Headquarters

HQ city

Siegen

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Others

Revenue model

1. Rental Income: The primary revenue stream comes from renting approximately 900 apartments to cooperative members. Members pay monthly rent in exchange for housing, and pay a cooperative share (Geschäftsanteile) upon joining.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Wohnstättengenossenschaft Siegen eG (WGSeG) is a registered housing cooperative (eingetragene Genossenschaft) that owns and manages approximately 900 rental apartments in the city of Siegen, Germany. Members acquire cooperative shares upon joining and pay monthly rent for housing, while the cooperative also delivers property management, in-house maintenance, and large-scale neighborhood development projects focused on climate-friendly and energy-efficient modernization.

Product overview

Wohnstättengenossenschaft Siegen eG (WGSeG) is a housing cooperative that operates as a single-service offering focused on providing affordable rental housing. The organization manages approximately 900 rental apartments in the Siegen city area, offering residential units for rent, property management services, maintenance and repair services, neighborhood development projects, and tenant support programs. The cooperative does not operate a technology product platform but rather provides housing services through traditional property management.

Differentiator

Problem solved

Functional benefit

Products and services

• Cooperative Rental Apartments

Quantifiable outcome

• Energy-efficient heating systems for approximately 380 apartments

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

Eight partnerships are on record, tiered core and minor.

• VdW Verband der Wohnungswirtschaft Rheinland Westfalen e.V.coreOthersThe cooperative is a member of the VdW Verband der Wohnungswirtschaft Rheinland Westfalen e.V., based in Düsseldorf. This is the Prüfungsverband (audit association) that conducts mandatory cooperative audits.
• Siegener Versorgungsbetriebe (SVB)minorGTM or Marketing PartnerSVB offers special rates for WGSeG tenants including 50€ bonus for new electricity contracts and additional discounts for combined gas contracts. They also offer subsidies for energy-efficient appliances up to 400€.
• Stadt Siegen (City of Siegen)minorStrategic or Co-development PartnerCoordinated Sperrmüll (bulky waste) collection arrangement. The city provides two fixed collection dates per year for each WGSeG building.
• Glosec and BEMAminorOthersBuilding services providers for cleaning, waste container provision, garden maintenance, and winter services since January 2023.
• Matheo (Netphen)minorOthersHeating system maintenance contractor for selected buildings (Moltkestr. 6,8,10; Roonstr. 1-3; Paul-Fickeler-Weg 21-23; Erndtebrücker Str. 10-12) starting January 2025.
• Nies (Siegen)minorOthersEmergency service provider for gas floor heating systems in Weilburger and Dillenburger Straße.
• Boniversum GmbH (Neuss)minorOthersCreditworthiness checking service that WGSeG uses for contract formation and existing customer monitoring.
• Schmelzer Medien GmbHminorOthersWebsite design and programming agency based in Siegen.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Regional players

• GBG Mannheim: Municipal residential company in Mannheim managing ~20,000 apartments; comparable as a regional, mission-oriented residential landlord with portfolio size and modernization focus similar to a mid-sized cooperative like WGSeG.
• Nassauische Heimstätte / Wohnstadt: State-affiliated residential developer and landlord in Hesse; comparable as a non-listed, mission-driven German residential provider focused on affordable and climate-modernized housing portfolios.
• SAGA Siedlungs-Aktiengesellschaft Hamburg: Hamburg's municipal residential landlord managing ~140,000 apartments; comparable as a mission-driven, non-listed residential provider focused on broad-based affordable housing, though serving a different metropolitan market than Siegen.

Broad incumbents

• TAG Immobilien AG: German residential property company with portfolios in Northern Germany and NRW; comparable as a multi-region residential landlord focused on affordable housing segments similar to WGSeG's member offering.
• Vonovia SE: Germany's largest residential property company with ~540,000 apartments; comparable as a scaled residential landlord operating in the German market, though listed, for-profit, and national rather than cooperative.
• Deutsche Wohnen SE: Major German residential landlord with a portfolio focused on Berlin and other metropolitan areas; comparable business model (residential rental and property management), though listed and significantly larger than WGSeG.
• LEG Immobilien SE: Listed residential real estate company focused on North Rhine-Westphalia (including the Siegen region); comparable as a regional residential landlord with overlapping geographic exposure and similar energy-modernization priorities.

Direct peers

• Berliner Bau- und Wohnungsgenossenschaft von 1892 eG: One of Berlin's oldest housing cooperatives; structurally identical to WGSeG as an eingetragene Genossenschaft providing member rental housing, though operating in a different city and at larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/wgseg
• Instagraminstagram.com/wgseg_siegen

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 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 Wohnstattengenossenschaft Siegen Eg