on Aroundtown S.A. (isin : LU1673108939)
Aroundtown SA Increases Stake in German Real Estate Through GCP
On October 20, 2026, Aroundtown SA announced a significant increase in its stake in the German residential real estate market. This development comes through its subsidiary Grand City Properties S.A. (GCP), which has secured a 20.04% shareholding in LEG Immobilien SE.
The Luxembourg-based company supports GCP's strategic financial investment. GCP holds the discretion to increase its stake up to 29.9%, to reduce it swiftly, or to divest completely depending on market conditions. The book value associated with the acquired shares is approximately €1.8 billion. This acquisition is currently trading at a notable discount, allowing Aroundtown the potential to record a substantial one-off, non-cash profit under IFRS.
R. E.
Copyright © 2026 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all Aroundtown S.A. news