We feel especially committed to our slogan “Great living. Great studying” because we know student life presents many challenges. Our modern student dormitories alleviate that stress as they offer students and young professionals more than just a roof over their heads: they are meeting and recreation areas available in urban everyday life. We give clear evidence that “great living” leads to “great studying”.
Did we mention that we are a non-profit company? Yes? Good, because we really want to emphasize that. After all, as a non-profit dormitory carrier, we have a special social responsibility: We offer quality at affordable prices! Hard to believe given rising housing costs, but it’s true. We are also very careful when considering the individual needs of our guests, the regional market, and future housing trends. With our innovative living concepts in prime locations and our wide-ranging list of services, we create our unique seal: Our special STUWO feeling.
How Everything Started
Our success story began in the early 1990s with the founding of the Gemeinnützige Studentenwohnbau AG (Public Company for Non-profit Student Housing), STUWO for short, and the opening of our first student dormitory. The Friedrich Funder Dormitory in the eighth district of Vienna was in high demand right from the start. Innovative concepts and a high level of living were a novelty for the time and soon became very popular. This new concept convinced everyone and quickly paved the way to consistent growth. During the past few years, we have opened a new dormitory almost every two years. Our current 20 homes in five federal states make us the second largest dormitory carrier in Austria. Next year we will open our first dormitory in Linz. Another one will follow in Vienna —in the Schlechtastraße, near the central railway station. In total, we have more than 4200 living places for students.
The founding companies of STUWO AG, the Österreichisches Siedlungswerk (Austrian Housing Estate Facilities) and the Österreichische Volkswohnungswerk (Austrian People’s Housing Facilities), each hold 50 percent of STUWO shares and are non-profit developers.