LEG Immobilien Acknowledges GCP's Shareholding Stake

LEG Immobilien SE, a prominent housing entity in Germany, addressed the announcement by Grand City Properties S.A. (GCP) and Aroundtown S.A. about GCP's 20% stake in LEG. While GCP views this stake as a financial investment, LEG reaffirmed its belief in its strategic vision and portfolio potential. The company remains committed to serving its shareholders and stakeholders, focusing on strategy execution, shareholder value enhancement, and providing tenant services.

LEG clarified that shareholders need not take any action and does not plan further comments at this stage. The company's strategy includes digitalization, decarbonization, and fostering innovation. With a large portfolio, LEG remains a key player in Germany's housing market.