Listed housing company LEG Immobilien has sold around 2,000 apartments in the west German town Marle which it acquired early this year as part of a bigger portfolio from Vonovia.
The buyers are a fund managed by Proprium Capital Partners and the German Forte Group.
The parties agreed not to disclose the purchase price.
The 1,952 apartments in Marl were acquired by LEG as part of a portfolio of around 13,500 apartments from Vonovia as part of its growth strategy.
Following the sale, LEG still manages 791 apartments in Marl.
LEG is one of Germany’s leading listed housing companies, with around 130,000 rental properties. The company generated rental and lease income of around €645 mln in the 2015 financial year.
