- Business
- LEG Immobilien SE (Ticker: LGMMY) is a leading German residential real estate company focused on the acquisition, management, development, and leasing of properties, primarily rental apartments, commercial assets, garages, parking spaces, and industrial units. The company offers core services including property leasing generating stable rental income, property sales, ancillary resident services such as maintenance and management, and innovative sustainability solutions like smart heating controls via termios, efficient air-to-air heat pumps through dekarbo, digital serial full refurbishments with RENOWATE, and transparent service platforms via youtilly. With a portfolio of approximately 166,000 to 172,000 rental units housing around 500,000 residents, LEG Immobilien operates mainly in North Rhine-Westphalia, its heartland with eight branch offices, and maintains local presence in neighboring states including Lower Saxony, Hesse, and Rhineland-Palatinate.
Founded in 1970 through the merger of several regional housing entities and privatized in 2008 before going public in 2013, LEG Immobilien SE is headquartered in Düsseldorf, Germany. Approximately one-fifth of its portfolio comprises social housing, targeting broad societal segments with affordable, quality living spaces while balancing customer satisfaction, profitability, and sustainability through initiatives like the "Your Home Helps" foundation and LEG NRW Tenants’ Foundation.
In recent developments, LEG Immobilien joined ATechX, Aroundtown's proptech accelerator, as a new partner in November 2025, enabling startups to test sustainable and digital solutions across its portfolio alongside partners like Vonovia and Round Hill Capital, on a combined €130 billion asset base. The company integrated the BCP portfolio ahead of schedule, boosting AFFO performance, expanded its sales program to 5,000 units including Eastern Germany assets in early 2025, and sold a Cologne-Hoehenhaus housing estate to Sahle Wohnen GmbH while winding down project development activities. LEG raised its 2024 profit forecast, anticipates 10% AFFO growth in 2025 toward €215-225 million, and increased investments to €16.51 per square meter in H1 2025, with further rises planned.