Cooperatives > 1892 eG

This is the common abbreviation of Berliner Bau- und Wohnungsgenossenschaft von 1892 eG, a registered housing cooperative founded as the savings and building society Berliner Spar- und Bauverein in 1892. Its goal was to provide inexpensive living space for its members, who acquired shares in the cooperative. These shares became savings deposits with which new buildings could be financed, and in return, the members acquired residential rights that were weighted according to their deposits. Today, two of the city’s World Heritage housing estates – Falkenberg Garden City and the Schillerpark Estate – are still owned by the cooperative. The "1892", as it is commonly known, has over 14,000 members and a portfolio of almost 7,000 apartments. In recent years, new buildings sprang up near these estates and adopted elements of their famous neighbours, thus blending in with the surrounds.