Good housing at fair prices
in Germany – made in home market North Rhine-Westphalia
Good housing at fair prices
in Germany – made in home market North Rhine-Westphalia
At LEG, we concentrate all our efforts on providing good housing at a fair price for broad sections of society. With around 171,000 rental properties and approximately 500,000 residents, we are one of Germany’s leading listed housing companies. We have eight branch offices in Germany represented by local personal contacts at selected locations.
With around one fifth of its housing units classified as social housing, LEG is active in a number of areas across its portfolio. This includes measures aimed at reducing energy consumption and greenhouse gas emissions in its building stock, supported by start-ups for the smart control of existing heating systems (termios), the installation and maintenance of air-to-air heat pumps (dekarbo), and digital approaches to serial refurbishment (RENOWATE).
Our goal is to balance customer needs, economic viability and investment measures to reduce energy use and emissions across the portfolio. We are well positioned to respond to change and competition and to balance the interests of our tenants, employees and shareholders.
With the “Your Home Helps” foundation, which has capital of EUR 21 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.
The LEG NRW Tenants’ Foundation
The LEG NRW Tenants’ Foundation
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.
