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WBM Wohnungsbaugesellschaft Berlin-Mitte mbH, Berlin, Germany

Name

WBM Wohnungsbaugesellschaft Berlin-Mitte mbH

Register

Ut
District Court of Charlottenburg (Berlin) HRB 35223 B

Address

Corporate purpose

The object of the company is the operation of real estate transactions of all kinds, in particular the construction and management of apartments for broad sections of the population, including low-income households, at bearable burdens. The company's task is to secure and expand affordable rental housing in all districts for broad sections of the population (housing market task) as well as to provide support for a sustainable and needs-based housing supply for households in Berlin who are particularly disadvantaged on the housing market and cannot provide themselves with adequate housing (supply task). The society's contribution to a sufficient supply of housing with socially acceptable rents and to the urban development of Berlin can be achieved through the construction of new housing, repair, maintenance and modernisation of existing housing as well as the purchase and new construction. In doing so, the requirements of environmental protection must be observed. In the planning and implementation of new construction projects, efforts must be made to ensure that an appropriate proportion of new apartments are built with funds from housing subsidy programmes. Unless otherwise stipulated by law, the Company in Berlin will base its conclusion of contracts and the calculation of the price for the provision of rental apartments on the basis of the fact that costs and expenses, including an appropriate return on equity, as well as the formation of reserves, are made possible. The continuous repair and modernisation as well as the construction of new housing are intended to contribute to the urban development of Berlin and meet the requirements of environmental protection. The priorities of housing policy are to be contractually regulated between the company and the competent authority of the State of Berlin. The implementation of the pursuit of social purposes must be weighed up by the company against economic disadvantages in such a way that the company can fulfil its corporate purpose in the long term and sustainably and its existence is secured in the long term, also in view of reasonable protection against risks. The company is entitled to carry out all transactions and measures that are suitable for promoting the company's purpose. This also includes the establishment of branches as well as the acquisition and establishment of other companies as well as participation in such companies in Berlin. The maintenance and modernisation of the housing stock and, where necessary, its continuous expansion must be ensured by continuous investment activities. As a result, business activities in the core business and the other divisions are intended to secure the company's further development as a housing service company. At the same time, the service area for tenants must be further expanded and new business areas must be opened.

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