Deloitte Legal advises City of Munich on the merger to form "Münchner Wohnen"

The Deloitte Legal team provided comprehensive advice to the City of Munich on all employment law issues, in particular on co-determination (employee participation) law.

The merger into Münchner Wohnen, which is based on a resolution taken by the Munich City Council, realized a long-standing political goal of the City of Munich as the owner of the two housing companies.

The City of Munich expects significant synergy effects from the merger and, above all, greater clout in the construction of new apartments. In the future, 2,000 new apartments are to be built each calendar year. Münchner Wohnen has approximately 1,200 employees and a portfolio of nearly 70,000 residential and commercial units  

Advisors to LMH:

Deloitte Legal: Klaus Heeke (Partner, Lead); Frauke Heudtlaß (Partnerin), both Employment Law & Benefits, Düsseldorf

Deloitte Consulting: Jörg von Ditfurth (Partner, Lead and Head of Real Estate Consulting), Hans Steinweller (Partner), Düsseldorf, Berlin & München

About the Businesses:

The GEWOFAG Group, the largest municipal housing company in the state capital of Munich, was Munich's largest landlord until the end of 2023, with more than 37,000 apartments and commercial units. The GEWOFAG Group and its subsidiary Heimag München GmbH employed approximately 680 people in Munich.

GWG Städtische Wohnungsgesellschaft München mbH was also one of the largest municipal housing companies in Bavaria with around 32,000 apartments and around 70,000 tenants at the end of 2023.

_{Published: January 2024}