BAL Stadtentwicklungsgesellschaft mbH

The promotion of housing construction and economic development in the city of Ballenstedt as well as the management of apartments and land ownership, also for third parties. It can also perform all tasks arising in the field of housing for urban development and the infrastructure of the city of Ballenstedt, acquire land and real estate, lease, charge and sell as well as issue ground rent rights. It can construct, provide, repair, modernise, supervise and take over development and community facilities, follow-up facilities, shops and commercial buildings, social, economic and cultural facilities and services and other objects. Furthermore, the company assumes tasks that serve the maintenance and expansion of the existing infrastructure and are to be seen as services of the company.