Financial report indicates a robust performance during the specified timeframe
In a commendable display of commitment towards a greener future, the housing society VAB has reported impressive results in its 2024 balance sheet. The society's Supervisory Board Chairman, Stephan Sillekens, praised the outstanding annual result, with a 17.25 percent surpassing of the annual targets for CO2 reduction.
The success is attributed to a variety of factors, including the intensive new construction activity and the strategic investment in VAB's climate protection and sustainability program. Over 1 million euros was allocated to this initiative in 2024 alone.
The new construction activity has not only improved the society's revenues but also increased the value of the housing portfolio. As of now, 63 apartments are under construction across various projects. Among these, the "Generations" project on Josefsring, which was started in December 2024, and the multi-family house in Boisheim with 12 apartments, are significant undertakings.
The "Generations" project, though not providing specific updates at present, aims to contribute to VAB's mission of sustainable new construction. Similarly, the multi-family house in Boisheim is part of the ongoing efforts to create a more sustainable building stock.
Other projects include a residential complex in Dülken, at Am Kesselsturm, which is nearing completion and will offer 19 publicly subsidized, affordable housing units and a new home for the Dülken office. Additionally, a residential quarter on Melcherstiege in Dülken with 74 apartments is also in progress.
The higher rental income and lower burdens have also contributed to the pleasing result. Interestingly, the rent remained in the very favorable range of between five and six euros for over 50% of VAB's apartments in 2024.
The equity ratio of VAB has also seen a significant increase, rising from 24.2% to 28%. This growth is a testament to the society's financial health and its commitment to sustainable practices.
While the search results do not contain direct or specific information about VAB's current status or future plans regarding their sustainable new construction projects, consulting VAB's official communications, press releases, or project websites may provide more detailed and current information. Industry reports, construction sustainability awards, and local planning or development authorities where these projects are located are also potential sources of information.
Overall, VAB's efforts towards a more sustainable future are evident in the significant reduction of CO2 emissions by almost 10 percent in just two years. The intensive new construction activity has not only increased the value of the housing portfolio but also set the stage for a more sustainable future.
[1] Big 5 Global Impact Awards: https://www.big5awards.com/global-impact-awards/
- In addition to the impressive reduction in CO2 emissions, VAB's strategic investment in environmental-science and climate protection initiatives, such as the one allocated over 1 million euros in 2024, contributes significantly to their business strategy.
- The success of VAB's commitment to environmental protection extends beyond the financial sphere, as the intensive new construction activity, including projects like "Generations" and the multi-family house in Boisheim, contributes to the growth of a more sustainable business and real-estate industry.
- As financial institutions and investors increasingly seek businesses that prioritize environmental sustainability, VAB's focus on environmental-science and reducing carbon footprints may prove attractive for future investing opportunities.
