MWG Housing Cooperative Magdeburg

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MWG Housing Cooperative eG Magdeburg

logo
legal form registered cooperative
founding 1954
Seat Magdeburg
management Thomas Fischbeck, Axel Herrmann
Number of employees 101
sales EUR 47.3 million
Branch Real estate industry
Website www.mwg-wohnen.de
Status: 2017

The MWG apartment eG Magdeburg is a housing cooperative in Magdeburg . MWG was founded in 1954 as a workers' housing association (AWG). With around 9,000 own apartments, more than 13,300 members and as a property manager for an additional 1,000 apartments, MWG is now the largest housing cooperative in the state of Saxony-Anhalt in terms of numbers . Around 15,000 residents of the city of Magdeburg live in MWG apartments with the MWG members and their relatives.

history

After the workers' uprisings of June 17, 1953 , the SED leadership set up numerous housing cooperatives in the GDR in order to alleviate the population's dissatisfaction with the supply situation and the housing shortage. This is what happened in Magdeburg. The huge housing shortage of the post-war years was to be alleviated with the support of large companies and the labor of people looking for accommodation. In Magdeburg, twenty workers' housing cooperatives (AWGn) were founded within a few months from 1954 . Including the four forerunner AWGs of today's MWG housing cooperative: AWG "Karl Liebknecht" (founded July 1954), AWG "Georgij Dimitroff" (August 1954), AWG "Karl Marx" (September 1954) and AWG "Örtliche Wirtschaft" ( June 1957).

The AWG "Local Economy" was renamed AWG "Friedrich Engels" in April 1962 and declared the "Leit-AWG" in the Magdeburg district . Through mergers with the AWG "Georgij Dimitroff" and with the Ländliche Genossenschaft Magdeburg (both 1965), with the AWG "Karl Liebknecht" (1968) and the AWG "Karl Marx" (1969) it becomes the largest cooperative in the Magdeburg district. At the end of 1969, AWG had 4,160 apartments. With the housing construction program of the GDR (1973) and the establishment of new building areas in Reform and at Neustädter See, the cooperative's portfolio grows rapidly, by 300 to 500 apartments every year. In 1983 the AWG had 10,977 apartments. The construction program of AWG "Friedrich Engels" in GDR times ends with a prefabricated building on Hans-Grade-Straße in 1983.

After the reunification of the two German states, the meeting of representatives decided in September 1990 on a new statute based on the cooperative law of the FRG. In May 1991 the AWG "Friedrich Engels" was initially in "1. Magdeburg Housing Cooperative "renamed, then in June 1991 to" MWG Housing Cooperative eG Magdeburg ".

Since then, the cooperative community has helped shape Magdeburg's urban development with around 9,000 apartments. MWG has invested around 460 million euros in its holdings since 1990. In the first few years after the reunification, it was mainly the conversion to natural gas heating, the complex repairs and modernizations. Since the turn of the millennium, MWG has been promoting the renewal of existing buildings, and within fourteen years 42 million euros have been invested in the construction of 304 new apartments in 36 properties.

Companies

In the first few years after the reunification, the main focus was on clarifying questions of property law, old debts, loans and, above all, reducing the immense need for renovation. In May 1993, MWG started a large-scale renovation wave at Bebertaler Strasse 1–6, with entire house complexes being renovated at once. Within 20 months, around half of the total inventory will be brought up to date for around 30 million DM. At the same time, the old debt aid law obliges MWG to sell 15 percent of the portfolio. But due to the oversupply of apartments in the new federal states, MWG does not reach the mark of 1,647 apartments for sale and can only sell 871. As a result, the cooperative is waived 60.7 million DM old debts. She has to pay off 94 million DM herself.

With the construction of 11 terraced houses in 1982, MWG is building again after 18 years. This is followed by numerous conversions and extensions of former prefabricated buildings and also the demolition of 466 apartments between 2000 and 2006. In 2003, 200 apartments will be built for the first time on Cruciger Strasse in place of an earlier 120-meter-long prefabricated building. Three single houses with 12 apartments each are being built. Between 1990 and today (as of 2018), MWG built 319 new apartments. The MWG is thus Saxony-Anhalt's largest housing cooperative.

The 100% subsidiaries of the MWG housing cooperative, MWG Media GmbH and MWG Energie GmbH, were founded to support rentability and long-term tenant loyalty through stable operating costs. The object of MWG Media GmbH is the operation, maintenance, repair, maintenance, renewal and dismantling of network level 4 in MWG residential complexes as well as their utilization and transfer of use. The object of MWG Energie GmbH is the construction, operation, maintenance, repair, maintenance, renewal and dismantling of heat and hot water supply systems as well as their purchase, sale, utilization and transfer of use. MWG Energie GmbH is currently providing heat and hot water to 50 new and existing properties.

In 2015, MWG-Parkraum GmbH was founded for the construction, rental and management of the parking spaces for the parking garage of the new building project on the southern section of the Breite Weg.

MWG-Service GmbH last started its business operations on January 1, 2017. It serves to better care for the MWG properties and the tenants who live in them. This should be done through commercial and technical services in the context of the management of the land and buildings, in particular with the help of caretaker and craftsman services and the care of tenants and members.

The MWG neighborhood association was founded in November 2010 to support the extensive range of services and support offered by MWG.

MWG savings facility

In December 2008, MWG-Wohnungsgenossenschaft eG Magdeburg (MWG) received approval from the Federal Financial Supervisory Authority to operate a savings facility. The savings facility is a division of MWG with an exclusive offer of interesting savings products for MWG members and their relatives according to § 15 Tax Code (AO) as well as their partners (according to LPartG). It is the first facility of its kind in Magdeburg. To ensure the security of the funds entrusted to its members, MWG-Spareinrichtung d Gnossesca is subject to ongoing controls by the Federal Financial Supervisory Authority, the Bundesbank and the cooperative auditing associations.

On March 2, 2009, the MWG savings facility opens with an office on the Alter Markt. 3,345 savers (as of December 31, 2017) invested 84.1 million euros here. The savings are mainly used to modernize MWG apartments, to create new living space and to repay expensive loans.

Web links

Individual evidence

  1. ↑ a b Annual Report 2017. MWG-Wohnungsgenossenschaft eG Magdeburg, May 2018, accessed on September 13, 2018 .
  2. ^ Magdeburg: Largest housing association in the country starts service offensive
  3. ↑ Hamburg real estate company buys Volksstimme