Joint stock company for the construction of cheap residential buildings in Winterthur

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Joint stock company for the construction of cheap residential buildings in Winterthur
legal form Corporation
ISIN CH0034900248
founding March 26, 1873
Seat Winterthur , Switzerland
management Christof Schmid
(Managing Director)
Markus Casanova
(Chairman of the Board of Directors)
Branch property
Website www.gebw.ch
Status: 2020

The stock corporation for the creation of cheap residential buildings in Winterthur ( GebW ) is a stock corporation that aims to create cheap residential space in Winterthur . The “cheap”, as it is popularly known for short, originated in the Winterthur bourgeoisie and has shaped Winterthur in many places with its construction activity and workers' housing developments. The company's share is the most expensive share in Switzerland today.

history

The Society for the Construction of Cheap Housing (GebW) in Winterthur was founded in autumn 1871 on the initiative of the Hülfsgesellschaft Winterthur , which convened a commission of three representatives from the Hülfsgesellschaft, the city of Winterthur, industry, the workers and the building trade on September 19, 1871, which should clarify the technical and financial modalities of a foundation. The corporation was founded on March 26, 1873 in Casino Winterthur - 51 shareholders subscribed for 307 shares with a nominal value of 500 francs each. Pastor Johann Caspar Zollinger became the first president of the GebW .

The first 22 residential buildings of GebW were completed six months after the company was founded and were occupied on November 11th. During the early days , when companies such as the Swiss Locomotive and Machine Factory (SLM, 1872), the Lloyd Rückversicherungsgesellschaft (1874) and the Swiss Accident Insurance Company (1875) were established in Winterthur, GebW built in the Tössfeld and Deutweg districts ( Deutweg settlement ) 122 new apartments. Of the 84 houses built, the company sold 81 after they were built. From the very beginning, the architect responsible was Ernst Georg Jung , who created a whole family of house types for GebW. This first phase of construction ended with the crisis of 1878, which was also reflected in the purchasing power of the working population. Various residents and buyers of houses could no longer pay for these and the GebW had to accept losses accordingly.

GebW houses in the Bahndreieck settlement that emerged from 1898.

The crisis was overcome in 1887 and the GebW devoted itself to the construction of new residential buildings. By 1899 a total of 247 dwellings had been built in the Geiselweid , Vogelsang and Tössfeld quarters . Most of these were the twin houses with exposed beams that are characteristic of GebW, but the twelve terraced single-family houses in the English style built on Vogelsangstrasse were remarkable. This construction activity ended with a construction freeze for the years 1900 to 1905 ordered by the Board of Directors as a result of an economic depression.

In 1905 the GebW resumed construction due to a lack of housing in the inexpensive sector. By the outbreak of World War I, 89 new apartments were built, half of which were single-family houses. The Steinegg residential colony was built in Wiesendangen with eleven double single-family houses and seven row single-family houses on Freiestrasse in Winterthur. In 1913, the company also started building work in Talacker and was the first to build three six-family houses on Frauenfelderstrasse. After 40 years, Ernst Jung resigned as architect in 1911 and, for the last five years, also president of the company, whose buildings he had played a decisive role in shaping over 40 years. His successor as architect was Lebrecht Völki and with him the architectural style of the GebW houses also changed - Völki turned away from the typified houses like those built by GebW under Ernst Jung.

The Weierhöhe settlement built during World War II in a photo from 1948

In the interwar period, the company first built thirty further apartments in Talacker in 1919; the City of Winterthur did not participate in this. By the outbreak of the Second World War, 284 apartments were built there, 32 of them in row single-family houses, the others in three-story double houses. She also built houses on Juchstrasse, Schützenstrasse and Weststrasse in Veltheim and on Lärchenstrasse in Vogelsang.

In contrast to the First World War, GebW continued its construction activity during the Second World War. With the help of state subsidies, the residential colonies Schooren in Oberwinterthur and Rotenbrunnen in lakes were created, which were then built on cheap building land away from the localities. The construction of the Weierhöhe settlement near Gotzenwil outside guard also fell during the war . A total of 122 new residential buildings were built during the war.

After the war there was another building boom in Winterthur and from 1950 to 1970 GebW created a total of 1130 new residential units. From the end of the 1950s, GebW concentrated on the construction of apartment buildings in larger complexes. Construction was carried out in lakes on Grünmattstrasse and Oberen Seenerstrasse, on Winzerstrasse in Veltheim and in the Viereck Wülflingerstrasse, Unterwiesenstrasse and Wässerwiesenstrasse in Wülflingen. The largest expansion was built north of Oberwinterthur, where GebW in the Pfaffenwiesen area expanded the Schooren settlement with single-family houses. In 1959, 176 apartments were built on Tegerlooweg on an area of ​​34,000 m², the company's largest development to date. In 1962/63, 100 residential units were added on Guggenbühlstrasse. Most recently, in 1965/67, the “Am Buck” development surpassed the Tegerloo development and a total of 242 apartments were built, including a 35 meter high, thirteen-storey high-rise with 52 apartments that is visible from afar. A total of 720 residential units were built in this area within 20 years.

Purchased by GebW in 1996: the workers' houses on Jägerstrasse

GebW's construction activity decreased with the economic downturn in the 1970s, and most of the building land available in Winterthur was also used up during the construction boom of the 1950s and 1960s. The GebW increasingly went over to buying up objects in order to renovate them gently and thus avoid speculation. For example, the SLM workers' housing estate on Jägerstrasse was bought by GebW in 1996 and is now used for student accommodation. Construction projects were still carried out in isolated cases. 40 apartments were built on Ruchwiesenstrasse, 12 on Lärchenstrasse, 27 in Grafenstein and 32 owner-occupied apartments on Weinbergstrasse.

Most expensive share in Switzerland

The share of the so-called cheap, as the GebW is popularly known, is currently valued at 136,500 francs (February 2020). In 2018, the company's share value was as much as 149,750 francs, which made it the most expensive share in Switzerland and “most likely” also the most expensive share in Europe.

literature

  • Kaspar Vogel: 125 years of affordable living in Winterthur . Gehring, Winterthur 1997, ISBN 3-9521382-0-7 .

Web links

Individual evidence

  1. ^ AG for the construction of cheap residential buildings in Winterthur. In: otc-x.ch. Retrieved February 22, 2020 .
  2. Marc Leutenegger: A Winterthur share is the most expensive in Switzerland . In: The Landbote . February 27, 2018, p. 4 ( landbote.ch [accessed on February 22, 2020]).
  3. Bjoern Zern: AG for the construction of cheap residential buildings in Winterthur: “Most expensive share” in Switzerland with a higher dividend, successful financial year 2016 - major projects are on the agenda. In: schweizeraktien.net. May 17, 2017, accessed February 22, 2020 .