LEG Immobilien sells 900 residential units for €63m

German listed residential property company LEG Immobilien divested 900 residential units in the fourth quarter of 2025, generating €63 mln in proceeds. 

Residential - LEG Immobilien

These sales included 240 units in Eastern Germany (primarily Leipzig and Halle), outside its core regions, and around 650 units in Bremen, Lower Saxony, and North Rhine-Westphalia. The company anticipates finalising additional transactions in Q1 2026.
Ownership transfers for these portfolios are expected between Q1 and Q2 2026, with no impact on LEG's 2026 guidance.
Since the start of 2025, LEG has completed or agreed to sell a total of 3,100 apartments, amounting to approximately €250 mln. This figure also includes the privatisation of 160 units for about €16 mln, driven by increased tenant interest in purchasing their apartments during 2025.
These recent sales underscore LEG's commitment to price discipline, with proceeds slightly exceeding book values. This strategy supports LEG's progress towards achieving its loan-to-value (LTV) target of 45% in 2026.
LEG Immobilien Lars von Lackum said: "These transactions are an important step towards optimising our portfolio and consistently implementing our portfolio management strategy. They also represent significant progress towards our LTV target of 45%. At the same time, we are continuing to adhere to our pricing discipline – we did not sell below book value but actually achieved a slightly positive result."
LEG’s portfolio consists of around 172,000 rental apartments and around 500,000 residents.