Real estate: “Seating on the supervisory board is an option”: This is how Grand City Properties comments on joining LEG

Dusseldorf. It was a surprising start with many unanswered questions. At the end of October, Aroundtown subsidiary Grand City Properties (GCP), a major landlord with around 60,000 apartments in its portfolio, announced a 20 percent stake in its much larger competitor LEG. He, in turn, is Germany's second-largest listed landlord with more than 160,000 apartments in his portfolio.

This Wednesday, GCP presented figures for the first time since joining - and provided at least a few new details.