- Business
- LEG Immobilien SE operates as a leading German residential real estate company focused on the acquisition, management, leasing, and development of properties, primarily offering rental apartments, commercial and industrial units, garages, and parking spaces; its portfolio emphasizes affordable housing including around one-fifth social housing units, value-added services such as maintenance, and innovative sustainability solutions like smart heating control via termios, efficient air-to-air heat pumps through dekarbo, and digital serial full refurbishments with RENOWATE. Headquartered in Düsseldorf, Germany, and founded in 1970 through the merger of regional housing entities, the company maintains eight branches in North Rhine-Westphalia—its core market—and extends operations to neighboring states including Lower Saxony, Hesse, and Rhineland-Palatinate, serving approximately 500,000 residents across roughly 172,000 units with 2024 revenues of EUR 1.303 billion from core renting and leasing activities at an average rent of EUR 6.80 per square meter. In late 2025, LEG joined as a new partner in ATechX, Aroundtown's proptech startup accelerator alongside Vonovia and others, enabling real-world testing of digital and sustainable innovations across a combined EUR 130 billion portfolio to advance the real estate industry's transformation; the company also supports community initiatives through the "Your Home Helps" foundation with EUR 16 million capital and the independent LEG NRW Tenants' Foundation for tenant assistance. LEG Immobilien SE, listed on the Frankfurt Stock Exchange under ticker LEG since its 2013 IPO following 2008 privatization, continues strategic portfolio optimization including 2024 disposals exceeding EUR 210 million and raised profit forecasts with increased investments.