LEG boss: Expropriation threatens Berlin with conditions similar to Cuba – economy

Lars von Lackum welcomes you to Düsseldorf’s administrative district: In addition to the headquarters of the real estate company LEG, the tax office and a union foundation reside. No wonder, since the Landesentwicklungsgesellschaft (LEG) belonged to the state of North Rhine-Westphalia until 2008. Von Lackum now runs a listed company that rents 145,000 apartments. If Germany’s largest real estate companies Vonovia and Deutsche Wohnen soon merge, LEG will become the second largest private landlord in Germany – a profitable but controversial business.