Housing start-up Nokera receives 200 million euros

Apartment building by Nokera

Nokera produces houses made of wood, among other things, for publicly subsidized housing.

(Photo: Nokera)

Stegelitz, Zurich Norbert Ketterer prefers actions to words. Instead of giving presentations about the Nokera start-up he founded in Switzerland, the experienced real estate entrepreneur prefers to invite experts, politicians or investors to the Stegelitz industrial area near Magdeburg. There, Nokera has built what it claims to be the world’s largest factory for serial housing construction.

Nokera promises to produce multi-family houses in hybrid wood construction for publicly subsidized housing construction, which can later be rented for six to nine euros per square meter. The demand is high, says Ketterer in an interview with the Handelsblatt: “Conventional housing construction is currently no longer taking place.”

The entrepreneur expects that there could be a shortage of 700,000 apartments in Germany as early as next year. This gap can only be closed through serial production and the use of alternative materials. Therefore, Ketterer is convinced: “Wood is the building material of this century.”

Klara Geywitz visiting Nokera: houses from the assembly line

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