The Nassauische Heimstätte | Wohnstadt (NHW) group of companies successfully concluded the 2025 financial year despite the challenging economic environment, achieving a consolidated net profit of EUR 32.8 million. The company's housing stock continued to grow, and investments in new construction projects, modernisations, and climate protection measures were maintained at a high level. This strategic orientation serves to provide urgently needed housing, accelerate the decarbonisation of the portfolio, and strengthen the regional economy through extensive contract awards.
During the balance sheet press conference, Kaweh Mansoori, State Minister and Deputy Minister President as well as Chairman of the Supervisory Board of Nassauische Heimstätte, emphasised that affordable housing is achievable even in Hessian metropolitan areas. With an average net rent of EUR 7.13 per square metre and over 4,200 new homes since 2020, of which approximately 1,500 were subsidised, NHW provides a stable foundation for housing policy. He stressed that NHW thus offers an affordable home to thousands of families, single parents, and people with average incomes and strengthens the regional economy through investments of over EUR 120 million, predominantly with Hessian craft and medium-sized businesses.
The company's total assets increased to EUR 3.56 billion, with a stable equity ratio of 35.8 percent. As of the reporting date, the housing stock comprised 61,556 residential units at 112 locations in Hesse. The vacancy rate was only 1.6 percent over three months, while the fluctuation rate stood at 4.8 percent. Dr. Thomas Hain, Managing Director of NHW, highlighted that these figures demonstrate the company's economic stability even under difficult general conditions. This enables long-term investments and the fulfilment of the social mandate to provide affordable housing, develop neighbourhoods, and carry out the energetic transformation of portfolios.
Regarding funding conditions, uncertainties arose last year due to changes at the federal level. Interim information, stating exclusion from funding programmes for energetic modernisations and new construction projects, was partly corrected; new construction funding is accessible again. However, the situation with modernisation funding is assessed more critically, especially as funds amounting to approximately EUR 80 million are at stake until 2030. Hain called for reliable and long-term predictable funding conditions for all stakeholders to ensure the achievement of climate protection goals in the building stock.
In the 2025 financial year, NHW completed a total of 792 residential units, of which 568 were for its own portfolio and 224 were units realised and sold as current assets. A significant focus was on the Schönhof-Viertel in Frankfurt, where approximately 2,000 homes for around 6,000 people are to be built, complemented by comprehensive social infrastructure including a hybrid school, day care centres, green spaces, and neighbourhood squares. Further new projects with 193 residential units were initiated in Frankfurt-Niederrad and in the Ludwigshöhviertel in Darmstadt. NHW not only develops housing but also creates liveable neighbourhoods with social and ecological infrastructure for projects of appropriate size.
- —Lyoner Quartier in Frankfurt with over 600 residential units.
- —Quartier Waidesgrund in Fulda with over 150 residential units.
- —Total investment volume of the project pipeline: EUR 767 million.
The company's project pipeline currently comprises 13 projects with approximately 1,800 residential units. Dr. Constantin Westphal, Managing Director for Property Management, Project Development, Acquisition, and Sales, emphasised that the demand for affordable housing remains consistently high and that the high proportion of subsidised housing remains a priority. NHW views affordable housing as an integral part of its social mandate and is therefore also specifically involved in education, inclusion, and social participation. This is demonstrated, among other things, by the support of the “Deutschsommer” for children with language support needs from NHW tenant households, in cooperation with the Polytechnische Gesellschaft Foundation, as well as in the support of Lebenshilfen in Frankfurt and Gießen.
