Aroundtown Subsidiary GCP Takes 20.04% Stake in LEG Immobilien
Bitget2026/10/20 17:33- Aroundtown increased its German residential exposure through subsidiary Grand City Properties, which disclosed a 20.04% stake in LEG Immobilien today.
- The investment is expected to boost pro-rata FFO I by around 15%; LEG shares trade at an FFO I yield above 13%.
- Residential assets now represent 42% of the group's portfolio, becoming its largest segment; including hotels, the living segment approaches 60%.
- The group may increase its LEG stake to 29.9% or sell some or all of the investment, depending on market conditions.
- The acquired shares represent approximately €1.8 billion in equity book value, based on LEG's June 2026 figures.
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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