LEG Immobilien AG (Landesentwicklungsgesellschaft) is a German property company. As of 2016, it is a constituent of the
MDAX
The MDAX is a stock index which lists German companies trading on the Frankfurt Stock Exchange. The index is calculated by Deutsche Börse.
Until 2021 included the 60 Prime Standard shares from sectors that rank immediately below (in value of mar ...
trading index of German mid-cap companies.
The company was established as a housing provider operating in the
German Land of
Nordrhein-Westfalen
North Rhine-Westphalia (german: Nordrhein-Westfalen, ; li, Noordrien-Wesfale ; nds, Noordrhien-Westfalen; ksh, Noodrhing-Wäßßfaale), commonly shortened to NRW (), is a state (''Land'') in Western Germany. With more than 18 million inhabi ...
. It was later privatised and currently operates as an
Aktiengesellschaft
(; abbreviated AG, ) is a German word for a corporation limited by Share (finance), share ownership (i.e. one which is owned by its shareholders) whose shares may be traded on a stock market. The term is used in Germany, Austria, Switzerland (wh ...
(publicly traded company). The headquarters is located in
Düsseldorf
Düsseldorf ( , , ; often in English sources; Low Franconian and Ripuarian: ''Düsseldörp'' ; archaic nl, Dusseldorp ) is the capital city of North Rhine-Westphalia, the most populous state of Germany. It is the second-largest city in th ...
, the Land capital (Landeshauptstadt) of Nordrhein-Westfalen.
As of 2016, the company has around 1000 employees and holds around 130,000 apartments and properties.
A takeover bid by
Deutsche Wohnen
Deutsche Wohnen SE is a German property company, and one of the 30 companies that compose the DAX index. The position in the DAX was reached in June 2020 from previous MDAX position after Lufthansa was downgraded to the MDAX because of losses du ...
failed in 2015.
References
External links
* (English)
Financial TimesBloomberg
Companies based in Düsseldorf
Companies listed on the Frankfurt Stock Exchange
Companies in the MDAX
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