Listed German residential property company LEG Immobilien has confirmed the previously signalled acquisition of a residential portfolio in the federal state of North Rhine-Westphalia for €115 mln.
Listed German residential property company LEG Immobilien has confirmed the previously signalled acquisition of a residential portfolio in the federal state of North Rhine-Westphalia for €115 mln.
Pending regulatory approval, LEG will take ownership of the 2,400-unit portfolio on or after 1 April 2015. Following the deal, the company will own about 100,000 homes.
LEG said it has now acquired 9,400 homes since its IPO in 2013 and is well on its way to surpassing its target of acquiring 10,000 units by the end of 2014.
