Immoblienunternehmen: Grand City Properties wird größter Aktionär von LEG Immobilien
Grand City Properties übernimmt gut 20 Prozent an LEG und wird vorbehaltlich größter Aktionär. Der Immobilieninvestor könnte seinen Anteil weiter aufstocken. Die LEG-Aktie legt deutlich zu.
Berlin-based real estate investor Grand City Properties has significantly expanded its stake in rival LEG Immobilien, becoming the company's largest shareholder. Based in Luxembourg and managed from Berlin, Grand City Properties has acquired additional shares from financial institutions, now holding 20.04 percent of LEG Immobilien, headquartered in Düsseldorf.
Previously, Grand City Properties had not been a prominent shareholder in LEG Immobilien; however, regulatory approval from the cartel office is required for this increased stake. The acquisition is valued at over 700 million euros, with LEG Immobilien's immovable property portfolio concentrated in North Rhine-Westphalia valued at approximately 1.8 billion euros, potentially resulting in a substantial book profit for Grand City Properties.
The company believes this investment in LEG Immobilien is more advantageous in terms of profit from rental business (FFO) compared to purchasing additional properties. Grand City Properties' CEO, Refael Zamir, described this investment as a "unique opportunity to invest in a company with a high-quality portfolio and a stable dividend policy."
The investment firm has the option to increase its stake up to 29.9 percent, while also retaining the possibility of reducing or exiting the investment entirely.
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