Aroundtown expands LEG stake: Goldman sets EUR 1.30 target for Aroundtown stock

Published on 10/23/2026 at 10:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

GCP took a 20.04 percent LEG stake on October 20, 2026. Aroundtown stock costs EUR 1.48 versus the EUR 1.47 Xetra close.

Portfolio strategy and valuation

GCP announced a 20.04 percent LEG Immobilien stake on October 20, 2026.
Goldman Sachs set a EUR 1.30 price target on October 13, 2026.
Aroundtown stock trades at EUR 1.48 at 10:42 a.m. CEST at Lang & Schwarz on October 23, 2026, 0.68 percent above the Xetra close of October 22, 2026.
Third-quarter results are scheduled for November 25, 2026.

Bauhaus-Poster geometrisch IMMOBILIEN Schriftzug Primärfarben, Aroundtown SA — Aroundtown SA LU1673108939 als Bauhaus-Grafikposter mit geometrischen Formen und dem Sektor-Schriftzug IMMOBILIEN in Primärfarben, Illustration mit AI erstellt.

Aroundtown (ISIN LU1673108939) said on October 20, 2026 that its subsidiary Grand City Properties had acquired a 20.04 percent stake in LEG Immobilien. Goldman Sachs had set a EUR 1.30 price target for Aroundtown on October 13, 2026, according to The Globe and Mail. The transaction shifts the portfolio further toward residential property.

LEG stake changes portfolio mix

The official EQS News release dated October 20, 2026 said residential property would represent 42 percent of Aroundtown's portfolio, including its proportional LEG holding. The living segment, including hotels, rises to 60 percent from 53 percent. Aroundtown also said GCP may increase the LEG position to 29.9 percent or reduce it, leaving the investment size dependent on market conditions.

The release said the investment is expected to lift Aroundtown's funds from operations I by 15 percent on a pro-rata basis. It also said the position could produce a one-off, non-cash IFRS profit under certain conditions. That creates an accounting upside, but it does not remove refinancing and valuation risks from the investment case.

Three dated portfolio steps

On July 7, 2026, Aroundtown announced an EUR 850 million bond issue on its investor-relations page. On June 30, 2026, quarterly revenue was EUR 382 million and net income was EUR 81 million, according to The Globe and Mail. On October 20, 2026, GCP announced the 20.04 percent LEG stake through Aroundtown's investment structure.

When are the next results?

Aroundtown's investor-relations calendar lists the third-quarter 2026 financial report for November 25, 2026. The date gives investors the next scheduled test of operating performance, cash generation and the effect of the enlarged residential exposure.

Stock price and investor view

The Goldman Sachs target of EUR 1.30 is below the current euro quote, while the LEG transaction adds a quantified portfolio catalyst. The next report will show whether recurring operating figures support the strategic shift.

Aroundtown stock was trading at EUR 1.48 at Lang & Schwarz on October 23, 2026 at 10:42 a.m. CEST, 0.68 percent above the Xetra close of October 22, 2026 at EUR 1.47. The further course of trading is shown by the continuously updated real-time quote of Aroundtown stock.