• Deliver as promised
    Deliver as promised
    that's how we operate

About LEG

LEG

Here at LEG, we provide around 350,000 people with a place to live. With our slogan 'gewohnt gut' we offer our tenants a comprehensive service (tenants website) program with numerous events (tenants website) and services. Our aim is to make life in our apartments as pleasant as possible for our clients.

With about 130,000 rented apartments (tenants website), LEG is one of Germany's leading real estate companies. Our Group employs a staff of around 900 employees and achieved sales worth € 645 m in the 2015 Fiscal Year.


PORTFOLIO

The LEG Group, a property Company focussed on the residential market, operates in the attractive business sector of North Rhine-Westphalia's economically strong market. The state of NRW is particularly characterised by growth in one- and two-person households. The Group's high-quality portfolio caters to the increasing demand for attractive and affordable housing. LEG's range of properties, which have an average apartment size of 64 square metres, is of particular interest to the growing number of smaller households. With a presence in 170 locations in NRW, LEG has the necessary market knowledge – even at the micro-location level – to evaluate selected portfolios and property companies in line with the market and to systematically continue implementing the company's growth strategy through their acquisitions.

The LEG Group has a balanced portfolio in different sub-markets: markets with strong growth, stable markets with attractive returns and markets with high returns. In this highly fragmented market, LEG can boast broad-based market penetration as well as management and acquisition experience in almost all local sub-markets. Focusing on added value the LEG Group continuously invests in the maintenance and modernisation of its housing stock. Since 2008 investments in the inventory have always exceeded the amount stipulated by the Social Charter agreed with the North Rhine-Westphalian state government. 

The successful performance of the LEG Group and the attractiveness of its portfolio are underpinned by the high occupancy rates of around 97%. In light of the high customer satisfaction, which is reflected in a long tenancy period averaging around 11 years, the LEG Group wins over customers with good service and attractive prices.

Financial strength

In addition to an attractive portfolio which generates high returns and an in-depth knowledge of the market in North Rhine-Westphalia, LEG also demonstrates impressive financial strength. The LTV of 47.3% and the equity ratio of 39.5% as of 31 December 2014 validate the good balance of property values, equity and debt. The average loan term of 10 years, with an average interest rate of 2.84% and interest rate hedging of 93.9% is indicative of LEG's low-risk business model. This has been assessed by independent research institutions as leading among listed European property companies.


History

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 AG went public on 1 February 2013 and has systematically continued its growth path since then.

Company
Your Contact

Phone.: +49 (0) 211 4568 0
Fax: +49 (0) 211 4568 261
E-Mail: info@leg-wohnen.de

Press
Your Contact

Phone.: +49 (0) 211 4568 388
Fax: +49 (0) 211 4568 500
E-Mail: presse@leg-wohnen.de

Human Resources
Your Contact

Phone.: +49 (0) 211 4568 344
Fax: +49 (0) 211 4568 261
E-Mail: bewerbungen@leg-wohnen.de