The apartment group LEG plans to exit East Germany completely by the end of this year.
“East Germany isn’t our market. We have about 1,700 units to sell” said CEO Lars von Lackum in an interview with the “Rheinische Post” on Thursday.

He added that most of those apartments should be sold before year‑end, and that the company is also looking to offload other holdings. “We’ll bring a total of 5,000 apartments back onto the market. Just to be clear, we will never sell below book value” he explained.

According to the manager, LEG expects to list roughly 3,100 apartments in 2025, aiming for a combined sale price of about 250 million euros.