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Wohnungsbaugesellschaft Ingelheim am Rhein GmbH, Ingelheim a. Rhein, Germany
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Corporate purpose
The purpose of the company is primarily a safe and socially responsible housing supply of broad sections of the population and the development of urban development projects. The company builds, supervises, manages and manages buildings in all legal and forms of use, including homes and condominiums. The management is limited to the objects owned by the company or the city, or affiliated companies. In the field of housing and urban development, the object of the company also includes community facilities, shops and commercial buildings, social, economic and cultural facilities and other services related to the company's purpose. The pricing for the letting/leasing of apartments and commercial land and for the sale of buildings and land or land rights, as well as for services of the company should be appropriate, i.e. taking into account an overall profitability of the company a cost recovery including appropriate return on equity and the formation of sufficient reserves. The object of the company is also the urban and infrastructural development of the urban area of the city of Ingelheim am Rhein. Within this framework, the company develops measures and projects in accordance with the land-use planning specifications, the preparation and rapid implementation of which are in the city's interest. The Company may develop, plan, build and market such projects with the aim of a social, economic and ecological design of modernization of the city center and other individual projects in the urban area; in individual cases, it can manage or manage objects within the municipal area of responsibility. The Company may acquire property, encumber and sell within the scope of the object of the company, grant heritable building rights and - within this corporate purpose - establish companies or acquire other companies or participate in them and sell such participations. The Company may provide all services related to its purpose. The Company may carry out all other transactions or take on tasks that are likely to promote its purposes directly or indirectly.
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