LEG sells Düsseldorf Glasmacherviertel site to Hines — Vastint joint venture for 1,600 — 1,800 homes project

LEG Immobilien agreed to sell the Glasmacherviertel site in Düsseldorf-Gerresheim to a Hines-Vastint joint venture. Deal covers a 193,000-square-meter former industrial site acquired in early 2025 via the Brack Capital Properties takeover. Buyers plan 1,600 to 1,800 homes, supported by about 210,000 square meters of gross floor area with at least 80% residential use. Purchase price remains confidential; payment will be staged in installments tied to planning progress. Transaction is set to be LEG’s largest single deal this year; three historic buildings on the site will be preserved. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. LEG Immobilien SE published the original content used to generate this news brief on October 14, 2026, and is solely responsible for the information contained therein. (C)