Aroundtown subsidiary GCP takes 20.04% stake in LEG Immobilien

Bitget2026/10/20 17:34

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Aroundtown subsidiary Grand City Properties today announced a 20.04% stake in LEG Immobilien, increasing the group's German residential real estate exposure.
The investment is expected to increase group FFO I by around 15% on a pro rata basis.
The group may increase its stake to 29.9% or sell part or all of the investment, depending on market conditions.
The acquired shares represent approximately €1.8 billion in equity book value as of June 2026, potentially supporting a one-time noncash profit.
Residential assets become the group's largest portfolio segment at 42%; including hotels, the living segment rises to nearly 60%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Aroundtown SA published the original content used to generate this news brief via EQS News (Ref. ID: UK-Regulatory_2419104_en) on October 20, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Aroundtown subsidiary GCP takes 20.04% stake in LEG Immobilien

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