When the City Creates Housing Itself

Interview with Jens Kreische, Managing Director of Wohungsbau Stadt Moers GmbH

Wohungsbau Stadt Moers GmbH - former mining settlement in the Meerbeck district
The former mining settlement in the Meerbeck district

The former mining settlement in Meerbeck, located in the eastern part of Moers, exudes, especially in spring, a special charm. The city of Moers acquired a large part of the worker's district built from 1904 in 1980. This was renovated up until 1996, taking into account its architectural and social character, and connected to the district heating network. Today, the nearly 1,300 residential units in the Meerbeck colony constitute around half of the rental portfolio of Wohnungsbau Stadt Moers GmbH.

The preservation of the Meerbeck colony is one of the success stories of the municipal housing company and an important milestone in its history. "Before the renovation, the houses were aging and not particularly attractive," says Managing Director Jens Kreische. "By renovating with consideration for historical aspects, these charming houses could be saved from the wrecking ball."

Creating affordable housing remains difficult

As in many cities, there is also a shortage of affordable housing in Moers, which is exacerbated by high construction costs. "Even though we are a 100% subsidiary of the city of Moers, we also have the obligation to operate profitably, which is very difficult under the current market conditions in the housing construction sector," says Jens Kreische, who is originally from Moers. "We also take care of people who would not find affordable housing on the private housing market. The fact that more and more people fall into this category is due to rising costs across the board."

Jens Kreische, Managing Director of Wohungsbau Stadt Moers GmbH
Jens Kreische, Managing Director of Wohungsbau Stadt Moers GmbH

Broad Portfolio

In addition to the very popular houses in the mining settlement, the company has a broad portfolio of accommodations. Prospective tenants can register their interest via an online form. However, with a rental rate of 99%, they may have to wait a while until one of the apartments becomes available. "Our core business is the management of our own rental portfolio," explains Jens Kreische. "But we also manage properties for third parties, are involved in the management of municipal properties, and through a subsidiary, have refurbished almost all schools in the city. When we find suitable plots of land, we naturally also create new living spaces."

Housing for Everyone

Currently, the company does not have a new project under construction but looks back with pride on a showcase project from last year. "Most recently, we built a project to create living space for people with disabilities," explains Jens Kreische. "However, it is legally incredibly complicated to build shared flats for young people with disabilities, but we have brought the project to a great outcome regardless. The lack of suitable accommodations with peers often leads to young people with disabilities being placed in nursing homes. Instead, we were able to create a more dignified alternative. This is not only very satisfying for me but for all involved."

More Articles on Topic

The Future Starts with Existing Assets

Interview with Franziska Tagscherer, Managing Director of Wohnungsbau Aalen GmbH

The Future Starts with Existing Assets

Wohnungsbau Aalen GmbH celebrates its 90th anniversary and looks back on a turbulent history. What originated from necessity in 1935...

Sustainable Living Space

Interview with Roger Schwartz, Board Member of GeRo Real Estate AG

Sustainable Living Space

GeRo Real Estate AG is a medium-sized project developer based in Germany that specializes in the development of high-quality real estate...

Perfectly Tailored

Interview with Caner Bilir, Managing Partner of DZT GmbH

Perfectly Tailored

The right insulation in and around the house saves energy. For this purpose and for further uses, DZT GmbH in Wesel offers insulation materials and custom cuts.

Living Spaces with Demands and a Future

Interview with Constantin Schindler, Managing Director of AREAL Projektentwicklung GmbH

Living Spaces with Demands and a Future

Living space is more than just a roof over your head. It shapes quality of life, connects people with their environment, and creates value for generations. Especially...

Manfred Brinkmann, Managing Editor-in-Chief

Manfred Brinkmann

Managing Editor of European Business

Are You Shaping the Future of Business?

As Managing Editor-in-Chief, I am always searching for the next generation of leaders and innovators. If you are at the helm of a company making a significant impact, I invite you to connect with us. Let's share your vision with our audience of influentia.