Important milestones in the history of Volkswagen Immobilien.
Q4 2020 Change of management.
Volkswagen Immobilien has been under the management of Meno Requardt and Hardy Brennecke since October 2020. Also in management until December 2020: Michael Leipelt, until September 2020: Dr Ralph Sawalsky.
2019 First tenants in Steimker Gärten.
Volkswagen Immobilien has been working with other investors since 2016 to create Steimker Gärten, a completely new district in eastern Wolfsburg. A total of 1,800 flats are being built there in a green space situated close to the city. Volkswagen Immobilien itself is building around 240 flats to add to its own portfolio of rented flats.
The first tenants of Volkswagen Immobilien’s Weidenplan construction project moved into Steimker Gärten in September. The entire district will be built in two construction stages by around 2025/26.
2018 2025 Strategy.
The company is focusing on four strategic target fields with its new Volkswagen Immobilien 2025 Strategy: satisfied customers, future-proof competitiveness, embracing sustainability and being an excellent employer.
SPLACE, the new business apartment building, is set to open in January with 60 residential units in Wellekamp. The flats enjoy quality fittings and furnishings and are in the direct vicinity of the Volkswagen plant. When it comes to temporary accommodation, SPLACE bridges the gap between a hotel and a rented flat.
2018 – Anniversary.
Volkswagen Immobilien celebrated its 65th anniversary on 28 January with a staff celebration and small special offers for customers.
June 2016 New management.
Volkswagen Immobilien has a new management board. Roland Stöckigt is succeeded by Michael Leipelt, Dr. Ralph Sawalsky and Meno Requardt, as spokesman.
2013 Flat construction project and a new office building.
Volkswagen Immobilien celebrated its 60th anniversary on 28 January! What was formerly VW Wohnungsbau gemeinnützige Gesellschaft mbH has become a diverse real estate company with over 300 employees which is one of the largest housing providers in the area with around 9,400 flats.
The ground-breaking ceremony for 73 new flats in Nordstadt in Wolfsburg in early summer marks the beginning of a comprehensive residential construction project. The goal is to complete around 500 flats to rent in the next few years. The company is integrating its Corporate Real Estate Management (CREM) business by opening another Volkswagen Immobilien office building with 100 office workstations on Schlosserstrasse. The new range of services includes:
- Project development and realisation
- Rental contract and lease management
- Property management
- Asset management
August 2011 Merger.
Following the addition of new services, the focal points of Volkswagen Immobilien’s work have shifted significantly. The company’s strategy is revisited on the basis of the Volkswagen brand strategy.
In order to meet the new requirements, the three Volkswagen Immobilien Group companies merged to form Volkswagen Immobilien GmbH. The old companies were called:
- Volkswagen Immobilien Service GmbH
- VW Wohnungs GmbH & Co. KG
- Volkswagen Gewerbegrund GmbH
June 2008
Volkswagen Immobilien is expanding its commercial property services and creating new departmental structures so it can work even more efficiently as a service provider to the group. Under the management of Michael Leipelt, real estate experts and lawyers concentrate on development projects as well as rental contract and lease management. From now on, the group’s real estate services are known as CREM (Corporate Real Estate Management).
March 2008
In addition to his role as Managing Director of Volkswagen Immobilien, Roland Stöckigt becomes Central Real Estate Manager in the Volkswagen Group. His main responsibility is to strategically manage the group’s real estate assets which are worth €6.9 billion. The main objective is to optimise and standardise the renting, letting, leasing and construction procedures within the group in coordination with the brands and sites. As a result, the group gains a central point of contact for real estate matters to lighten the load on its core business.
2007 2018 Strategy.
Volkswagen Immobilien launches a strategy in March which, based on the Volkswagen strategy, was known as the 2018 Strategy. The stated goal in the strategy: “We are the real estate experts in the Volkswagen Group. All group divisions bring their real estate affairs to Volkswagen Immobilien”.
Employees from every field work to realise this vision in numerous strategic projects. This takes place in the following strategic areas: “building and development of CREM”, “building and development of residential properties”, “strategic marketing and product development”, “intensive networking with the group”, “building and development of CRES” and “change management: managing change”.
1996 Restructuring/renaming.
For structural reasons, the former VW Wohnungs GmbH is renamed and two new companies are incorporated. All activities are now distributed across the three new companies:
- Volkswagen Immobilien Service GmbH
- VW Wohnungs GmbH & Co. KG
- Volkswagen Gewerbegrund GmbH
Additionally, the group built up new, future-proof fields of business in the 90s including Facility Management, Project Development and Management and its property development business, not to mention Investment and the management of additional commercial properties (e.g. in the Autostadt). Its long-term goals were to administrate and manage the property portfolios of Volkswagen AG.
1994 “Rent to all”.
Due to rationalisation measures at Volkswagen AG and falling demand for company housing, the decision is made to no longer offer flats to employees only, but on the free housing market instead. VW Wohnungs GmbH is now fully in charge of marketing the rented flats.
1990 Incorporation of VW Wohnungs GmbH.
Following the rescission of the German Non-Profit Housing Act (WGG), VW Wohnungsbau merges with VW Siedlungsgesellschaft. The merger creates new room for entrepreneurial manoeuvres: The new VW Wohnungs GmbH shifts its focus from building to managing, letting and selling properties. One important duty in this regard is to promote employee-owned residential property.
1962 Incorporation of VW Siedlungsgesellschaft mbH.
VW Wohnungsbau and VW Siedlungsgesellschaft are heavily involved in the development of the districts of Wolfsburg. Around 10,500 flats are built in Innenstadt, Teichbreite, Rabenberg and Detmerode districts by the early 70s and the first houses are finished in Fallersleben-Ost. The “Wohnheim für Ledige”, a residential establishment for unmarried employees and now the 3-star Hotel Global Inn, was also built. The large construction boom lasts until 1981 and the last major construction projects are executed in Westhagen and Fallersleben (Lange Stücke).
All of the construction work was financed with public funds and interest-free loans from Volkswagen AG. At the time, it cost between 300 and 400 Deutsche Marks per square metre to build a flat.
1953 Incorporation of VW Wohnungsbau gemeinnützige Gesellschaft mbH.
The goal is to create living space for employees at the Volkswagen factory. The construction department of the VW factory had already built around 1,000 flats in Wolfsburg.