Aroundtown expands residential stake through LEG deal. Aroundtown stock falls 1.39 percent.

Published on 10/27/2026 at 09:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

GCP holds 20.04 percent of LEG Immobilien on October 20, 2026. Aroundtown stock costs EUR 1.42 on October 27, 2026, 1.39 percent below EUR 1.44.

Portfolio mix and market reaction

On October 20, 2026, GCP reported a 20.04 percent LEG Immobilien stake.
Residential property reached 42 percent of the portfolio, while living assets rose to 60 percent from 53 percent.
Aroundtown stock trades at EUR 1.42 at 9:14 a.m. CEST at Lang & Schwarz on October 27, 2026, 1.39 percent below the Xetra close of October 26, 2026.

Aroundtown, LU1673108939, Illustration mit AI erstellt.

Aroundtown (ISIN LU1673108939) was trading at EUR 1.42 at Lang & Schwarz on October 27, 2026 at 9:14 a.m. CEST, 1.39 percent below the Xetra close of October 26, 2026 at EUR 1.44. On October 20, 2026, the company said its subsidiary Grand City Properties had built a 20.04 percent holding in LEG Immobilien in an Financial Times reproduction of the EQS announcement.

A larger residential footprint

The transaction changes Aroundtown's portfolio mix more than the 20.04 percent stake alone suggests. The company said residential property, including its proportional LEG holding, would become its largest asset segment at 42 percent of the total portfolio.

The same announcement said the living segment, including hotels, would rise to 60 percent from 53 percent. Aroundtown also described expected pro-rata FFO I accretion of 15 percent and said GCP could increase its LEG stake to 29.9 percent, depending on market conditions.

What changes in the portfolio?

The strategic argument is a shift toward recurring residential and hotel cash flows. The company said the acquired LEG equity had a book value of EUR 1.8 billion as of June 2026 and that the position traded at a discount, creating the possibility of a one-off, non-cash IFRS profit under certain conditions.

That potential accounting effect is distinct from recurring operating performance. The latest structured statement data show Aroundtown revenue of EUR 382.0 million and net income of EUR 31.1 million for the second quarter of 2026, giving investors a separate earnings base against which to assess the portfolio change.

Next reporting date

Aroundtown's investor-relations calendar lists November 25, 2026 as the date for its third-quarter 2026 financial report, according to the company's investor-relations page. That report should provide the next reported view of rental income, funds from operations and the financial impact of the LEG investment.

Stock trades below the Xetra close

The current quote puts the stock EUR 0.02 below the previous Xetra close, a decline of 1.39 percent. The portfolio announcement therefore adds a strategic residential expansion to a session in which the euro quotation is lower than its reference level.

The further course of trading is shown by the continuously updated real-time quote of Aroundtown stock.