Germany needs housing – and lots of it. To combat the current housing shortage in growth regions, around 250,000 new apartments need to be built each year by 2030. We want to put our weight behind tackling this situation. That’s why we acquired Isaria München Projektentwicklungs GmbH and shares in QUARTERBACK Immobilien AG in 2020.
We believe that the team-up between project developers like Isaria and QUARTERBACK and a company like Deutsche Wohnen that develops and maintains its portfolio is the right way to make a real, sustainable contribution.
In the years to come, around 18,000 new residental units will be built – in cities such as Berlin, Leipzig, Dresden, Munich, Frankfurt and Stuttgart. This means we are also looking beyond our core market of Berlin when it comes to new construction, and helping to tackle the lack of living space in growing metropolitan areas. An example from southern Germany: according to the German Economic Institute’s 2019 housing demand model, around 28,300 residential units will need to be built in Munich by 2030 to meet demand.
Our own standards remain high, as we take a responsible approach to creating housing and living space. High levels of quality of life and climate efficiency are key, as well as good neighbourhood spirit. Accordingly, our new construction projects are planned and built to be high-quality, sustainable and energy-efficient. In this way, we are taking responsibility for future generations.