LEG Immobilien explained

Landesentwicklungsgesellschaft Immobilien AG
Traded As:
MDAX Component
Type:Aktiengesellschaft
Industry:Real estate
Predecessors:-->
Successors:-->
Founders:-->
Hq Location City:Düsseldorf
Hq Location Country:Germany
Area Served:Nordrhein-Westfalen
Key People:Michael Zimmer (Chairman of the board)
Owners:-->
Num Employees:1,400
Num Employees Year:2019

LEG Immobilien AG (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]

External links

Notes and References

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