Private company

GSW Immobilien

Logo: Unknown author Unknown author, Public domain, via Wikimedia Commons⁴

GSW Immobilien AG, formerly Gemeinnützige Siedlungs- und Wohnungsbaugesellschaft Berlin mbH, is a German real-estate company in Berlin. The company invests in residential property and also manages residential and commercial property on behalf of third parties.² It was founded in 1924.¹ Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1924Founded¹

HeadquartersBerlin¹
Websitewww.gsw.de/en
Legal formAktiengesellschaft¹
LEI529900Y1W15PZG1N1A79³
StatusActive³
LEI statusIssued and current³
Registered addressMecklenburgische Straße 57, 14197 Berlin, Germany³
Registered withLocal Court Berlin-Charlottenburg, HRB 125788³

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Corporate structure

GSW Immobilien is part of a group headed by Vonovia. 29 entities, 3 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Vonovia Bochum, Germany
- Deutsche Wohnen SE Berlin, Germany
  - GSW Immobilien Berlin, Germany
  - DELTA VIVUM Berlin I GmbH Subsidiary · Berlin, Germany
  - Deutsche Wohnen Asset Immobilien GmbH Subsidiary · Berlin, Germany
  - Deutsche Wohnen Berlin XIII GmbH Subsidiary · Berlin, Germany
  - Deutsche Wohnen Management und Servicegesellschaft mbH Subsidiary · Berlin, Germany
- HomeStar InvestCo AB Malmö, Sweden
  - Victoriahem Malmö, Sweden
    - Victoria Park AB Malmö, Sweden
    - Victoria Park Fastigheter Sodra AB (Victoria Park Fastigheter Södra AB) Subsidiary · Malmö, Sweden
    - Victoria Park Nygard AB (Victoria Park Nygård AB) Subsidiary · Malmö, Sweden
  - Victoriahem Fastigheter AB Subsidiary · Malmö, Sweden
    - Holmiensis Bostader AB (Victoriahem Holmiensis Bostäder AB) Subsidiary · Malmö, Sweden
- Gagfah Subsidiary · Essen, Germany
- "Heller Fabrik" Liegenschaftsverwertungs GmbH Subsidiary · Wien, Austria
- BUWOG Bauen und Wohnen GmbH Subsidiary · Wien, Austria
- Deutsche Annington Acquisition Holding GmbH Subsidiary · Bochum, Germany
- Deutsche Annington Beteiligungsverwaltungs GmbH Subsidiary · Bochum, Germany
- Deutsche Annington McKinley Eins GmbH & Co. KG Subsidiary · Bochum, Germany
- Deutsche Wohnen Berlin XV GmbH Subsidiary · Berlin, Germany
- Deutsche Wohnen Reisholz GmbH Subsidiary · Berlin, Germany
- Eisenbahn-Siedlungs-Gesellschaft Berlin mit beschränkter Haftung Subsidiary · Berlin, Germany
- Frankfurter Siedlungsgesellschaft mbH (FSG) Subsidiary · Bochum, Germany
- GSW Pegasus GmbH Subsidiary · Berlin, Germany
- Süddeutsche Wohnen Management Holding GmbH Subsidiary · Stuttgart, Germany
- Victoriahem Eskilstuna Bostad AB Subsidiary · Malmö, Sweden
- Victoriahem Orebro AB (Victoriahem Örebro AB) Subsidiary · Malmö, Sweden
- Victoriahem Rabergstorp AB (Victoriahem Råbergstorp AB) Subsidiary · Malmö, Sweden

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0). Each entity in the chart links to its source.

The story

Originally a company founded and owned by the city of Berlin, GSW was sold to a private equity consortium led by Cerberus Capital Management and Goldman Sachs' Whitehall fund in 2005. The company raised €468 million in an initial public offering on the Frankfurt Stock Exchange in April 2011, the year after an IPO attempt failed due to market volatility. Goldman and Cerberus retained an approximate 10% stake each in the company until 2012.

GSW Immobilien was acquired by Deutsche Wohnen in 2013, which holds around 98.8 percent of the shares.

GSW's Berlin headquarters was designed by Sauerbruch Hutton, for which they received a Stirling Prize nomination in 2000.

From Wikipedia’s article on GSW Immobilien, shared under CC BY-SA 4.0.⁵

Subsidiaries and ownership

Parent company (GLEIF)

Deutsche Wohnen SE³

Ultimate parent

Vonovia³

Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record.

Controversies and legal

Criticism

The GSW is criticized by both the Senate of Berlin as well as several tenants initiatives for allegedly overcharging their tenants for operating costs while simultaneously not properly maintaining apartments in an attempt to maximize profits. Since 2011 several tenants initiatives have been protesting against the housing policy of the GSW.