LEG Immobilien

Landesentwicklungsgesellschaft Immobilien AG
Company typeSocietas Europaea
FWB: LEG
MDAX Component
IndustryReal estate
Founded1970; 55 years ago (1970)
Headquarters
Düsseldorf
,
Germany
Area served
Nordrhein-Westfalen
Key people
Michael Zimmer (Chairman of the board)
Number of employees
1,400 (2019)
Websiteleg-wohnen.de/en/corporation/

LEG Immobilien SE (Landesentwicklungsgesellschaft) is a German property company. As of 2016, it is a constituent of the MDAX trading index of German mid-cap companies.[1][2]

The company was established as a housing provider operating in the German Land of Nordrhein-Westfalen. It was later privatised and currently operates as an Aktiengesellschaft (publicly traded company). The headquarters is located in Düsseldorf, the Land capital (Landeshauptstadt) of Nordrhein-Westfalen.

As of 2016, the company has around 1000 employees and holds around 130,000 apartments and properties.[3] A takeover bid by Deutsche Wohnen failed in 2015.[4][5]

In August 2020 company changed its legal form from Aktiengesellschaft to Societas Europaea.

References

  1. ^ "MDAX Constituents". Frankfurt Stock Exchange. Deutsche Börse. Retrieved 19 April 2016.
  2. ^ Ford, Coreena (13 April 2016). "Newcastle landlord Grainger in £42m German property portfolio sell-off". Evening Chronicle. Retrieved 19 April 2016.
  3. ^ "LEG at a glance". LEG Immobilien. Retrieved 19 April 2016.
  4. ^ Blackman, Andrew (21 October 2015). "Deutsche Wohnen Drops LEG Offer, Vows to Fight Off Vonovia". Bloomberg.com. Retrieved 19 April 2016.
  5. ^ Blackman, Andrew; Look, Carolynn (21 October 2015). "LEG Share Slump Spells Bad News for Deal With Deutsche Wohnen". Bloomberg.com. Retrieved 19 April 2016.


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