LEG Immobilien (OTCMKTS:LEGIF) (OTCMKTS:LEGIF) is a leading German real estate company specializing in the development, management and rental of residential properties. The company’s core business encompasses the acquisition and renovation of existing housing stock, the construction of new residential units and the strategic disposal of assets. Through its integrated business model, LEG Immobilien offers a stable rental platform while driving value creation via targeted modernisation and development initiatives.
Headquartered in Düsseldorf, the company’s portfolio is primarily concentrated in North Rhine-Westphalia, one of Germany’s most populous federal states. With a focus on high-demand urban and suburban locations, LEG Immobilien manages over 130,000 residential units, ranging from affordable apartments to mid-market family homes. The company’s geographic footprint extends across major metropolitan areas such as Düsseldorf, Cologne and Dortmund, reflecting its commitment to serving diverse tenant demographics.
In addition to core rental operations, LEG Immobilien offers a comprehensive suite of ancillary services including property and facility management, technical maintenance and energy-efficiency upgrades. Through in-house teams and partnerships with local service providers, the company ensures efficient day-to-day operations, timely repairs and ongoing customer support. These services not only enhance tenant satisfaction but also contribute to the long-term sustainability and market value of the company’s real estate assets.
Founded in 1970 as a state-owned housing entity of North Rhine-Westphalia, LEG Immobilien underwent a successful privatisation process in 2013 and has since grown into a publicly traded real estate business. The management board is led by CEO Karl-Friedrich Drehsen and CFO Dr. Volker Hartmann, who together oversee strategy execution, portfolio optimisation and financial stewardship. Under their leadership, the company continues to pursue disciplined growth while maintaining a strong focus on tenant needs and urban development trends.
