LEG Immobilien offers defensive exposure with new convertible

Aidan Gregory

June 24, 2020 12:00 pm

LEG_Immobilien_PA_575_375 — 19 July 2019, Baden-Wuerttemberg, Stuttgart: House roofs can be seen in an inner city district of the state capital of Baden-Württemberg. According to a study, far too few apartments are being built in German metropolises. Photo: Marijan Murat/dpa | Marijan Murat/DPA/PA Images

LEG Immobilien, the German residential landlord, has raised €823m via the sale of new shares and convertible bonds to fund the acquisition of new properties amid heightened investor interest in the sector.

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Topics

Deutsche Bank Germany Equity Europe UniCredit EMEA HSBC Société Générale Equity-Linked

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Aidan Gregory