• Aroundtown increased its German residential property exposure through subsidiary Grand City Properties, which announced a 20.04% stake in LEG Immobilien today.
• GCP may increase its stake to 29.9% or sell some or all of the investment, depending on market conditions.
• The acquired shares represent approximately €1.8 billion in LEG Immobilien’s book equity value as of June 2026.
• The stake trades at a substantial discount, potentially allowing the group to recognize a substantial one-time, noncash profit under IFRS, subject to conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Aroundtown SA published the original content used to generate this news brief via EQS News (Ref. ID: UK-Regulatory_2419100_en) on October 20, 2026, and is solely responsible for the information contained therein.