LEG Immobilien to acquire a 62.78% stake in Brack Capital Properties from Adler Group for €219.3m.

LEG Immobilien, a real estate company that focuses on the acquisition, sale, and leasing of real estate properties, agreed to acquire a 62.78% stake in Brack Capital Properties, a publicly traded real estate company, from Adler Group, a provider of rental and residential property management, for €219.3m ($239m). “We are glad to secure a pivotal transaction ahead of initial expectations. As we fully support BCP’s strategy, we are happy to have found a strong local partner in LEG in pursuit of securing and enabling BCP’s future under new ownership,” Thierry Beaudemoulin, Adler Group CEO.