Real Estate: Goldman Sachs surprisingly reveals large stake in LEG
Just one week after Grand City Properties entered, the US bank reports a 28 percent stake in the real estate company. A new situation is developing around LEG.
Goldman Sachs has disclosed a significant stake in LEG Immobilien, a German real estate company, with a total of 28.28% of voting rights. This includes 0.55% directly held shares and 27.73% from various financial instruments such as call options and swaps. The stake was built up on behalf of clients, according to financial circles. This move comes a week after Grand City Properties (GCP), a subsidiary of Aroundtown, acquired a 20.04% stake in LEG Immobilien, valued at over €700 million.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Madrileña Red de Gas partners hire Goldman Sachs for its sale expansion.com
- Luxury goods recovery seen in 2027: Goldman Sachs economictimes.indiatimes.com
- Real Estate: Goldman Sachs Reveals Surprisingly Large Stake in LEG handelsblatt.com
