{
  "id": 15800272,
  "title": "Real estate company: Grand City Properties becomes largest shareholder of LEG Immobilien",
  "url": "https://urgent.news/2026/10/20/immoblienunternehmen-grand-city-properties-wird-gro-ter-aktionar-von",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-20T20:08:52.000Z",
  "source": {
    "name": "Handelsblatt",
    "slug": "handelsblatt",
    "url": "https://www.handelsblatt.com/unternehmen/industrie/immoblienunternehmen-grand-city-properties-wird-groesster-aktionaer-von-leg-immobilien/100263729.html"
  },
  "original_language": "de",
  "account": "Grand City Properties, a Luxembourg-based investor with operations in Berlin, has acquired a significant stake in LEG Immobilien, a larger rival. The company now holds 20.04% of LEG, making it the largest shareholder, pending approval from the cartel office. The stake is valued at over €700 million, while LEG's property portfolio in North Rhine-Westphalia has a book value of around €1.8 billion. Grand City Properties' CEO, Refael Zamir, described the investment as a \"one-off chance\" to enter a company with a high-quality portfolio and stable dividend policy.",
  "summary": "Grand City Properties takes over around 20 percent of LEG and becomes the largest shareholder subject to approval. The real estate investor could further increase its stake. The LEG share rises significantly.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}