At LEG, we concentrate all our efforts on providing good housing at a fair price for broad sections of society. With around 166,000 rental properties and approximately 500,000 residents, we are one of Germany’s leading listed housing companies. We have seven branch offices in our heartland in North Rhine-Westphalia and are represented by local personal contacts at selected locations in other German states.
To strengthen our portfolio and as part of our growth strategy, we are also increasingly on the lookout for attractive properties outside our home region of NRW, where we are the market leader. However, we intend to continue to grow in NRW, and our established management platform makes even small-scale portfolios attractive acquisition targets for us. Additionally, our new construction activity makes a social contribution to tackling the extensive demand for affordable housing at the roots.
As a general rule, we strike a healthy balance between the priorities of customer satisfaction, profitability and sustainability. We are well positioned for change and competition. And we are extremely adept at reconciling the interests of our tenants, employees and shareholders.
With the “Your Home Helps” foundation, which has capital of EUR 16 million, we are creating stable neighbourhoods with a high quality of life and a good environment for those who live in our apartments or the surrounding area.
As a landlord, it is important for us to provide assistance and support for tenants who encounter personal difficulties. The independent LEG NRW Tenants’ Foundation was created with this in mind. Among other things, it helps customers who are in economic difficulties.
LEG NRW GmbH was formed in 1970 through the merger of Rheinische Heim GmbH (Bonn), Rote Erde GmbH (Munster), Westfälische Lippe Heimstätte GmbH (Dortmund) and Rheinische Heimstätte GmbH (Dusseldorf). Initially, the company's activities focussed on urban renewal, urban development, housing construction and small housing estates.
In 1980 it also began developing and marketing brownfield sites. In 2008 Saturea B.V. (which is indirectly owned by Whitehall private equity funds and funds managed by Goldman Sachs) and Perry Luxco RE S.à r.l. (a company owned by funds managed by Perry Corp and subsidiaries) acquired LEG NRW GmbH from the State of North Rhine-Westphalia. Following its privatisation, the LEG Group has developed from a state-owned public housing supplier and urban and project developer to a leading private housing company. LEG Immobilien SE went public on 1 February 2013 and has systematically continued its growth path since then.