Aroundtown

Grand City Properties (GCP), a subsidiary of Aroundtown, has acquired around 20.04 percent of LEG’s shares for roughly €700 million, making it the largest single shareholder. LEG’s pro rata book equity stood at about €1.8 billion at the end of June, leading analysts to view the stock as undervalued and to cite an attractive operating return (FFO I). GCP describes the stake as a financial investment but does not rule out increasing its position or selling; a full takeover is considered possible but appears ambitious given LEG’s size and debt. GCP apparently financed the purchase from liquid funds, but in doing so ties up substantial resources and also assumes risks from LEG’s indebtedness; investors should be aware of interest-rate and restructuring risks in the sector. » Mere på handelsblatt.com

Aroundtown, via Grand City, has acquired roughly 20% of LEG Immobilien (purchase price about €700m) and could increase the stake to up to 29.9% or reduce it later. As of 30.6.2026, LEG reports an EPRA‑NTA of €10.5bn versus a market valuation of around €3.75bn. Since LEG holds no residential properties in Berlin, the company is less affected by plans to nationalise. Technically the downtrend has been broken; fundamentally the stock remains sensitive to interest rates and should be on the watchlist in the event of a possible rate reversal. » Mere på finanzen.net

Grand City Properties, controlled by Aroundtown, has increased its stake in LEG to 20.04 percent; the package is worth around €700 million. LEG’s share subsequently rose by about 2.5 percent, and analysts were surprised by the rapid acquisition. It is unclear how Aroundtown financed the purchase; Aroundtown’s residential portfolio would become its largest segment with a 42 percent share following the stake. LEG emphasizes that it does not intend to change its strategy and sees potential in its portfolio. » Mere på handelsblatt.com

Goldman Sachs has downgraded Aroundtown from "Neutral" to "Sell" and reduced the price target from €1.80 to €1.30. Analyst Jonathan Kownator points to higher financing costs that are likely to weigh on earnings. The stock fell 2.4% in early trading to €1.44, its lowest level in more than three years. » Mere på finanzen.net

If €100 had been invested in Aroundtown SA five years ago, it would have resulted in 16,886 shares, worth €25.85 today at a price of €1.53 (as of 07.10.2026). That corresponds to a performance of -74.15 percent. Aroundtown SA's market capitalization was recently €1.78 billion; stock splits and dividends were not taken into account in the calculation. » Mere på finanzen.net