Akelius Residential Property has sold 47 residential properties in its native Sweden for a total of SEK 1.9 bn (€200 mln) amid a drive to expand in London and New York.
Akelius Residential Property has sold 47 residential properties in its native Sweden for a total of SEK 1.9 bn (€200 mln) amid a drive to expand in London and New York.
The assets divested comprised a total of 120,000 m2 in Östersund, Umeå and Haparanda. Closing of the transaction is scheduled for February next year. The buyer was Swedish residential company Rikshem.
Listed on Nasdaq First North in Stockholm, Akelius owns some 50,000 apartments in Sweden, Germany, France, Canada, the UK and the US.
The company has been actively trading in recent weeks. On 17 November, Akelius announced the sale of 395 apartments in Täby, Stockholm County for €74 mln. In the first week of November the company paid €60 mln for165 apartments in London.
The US has also been a target for expansion. Last month Akelius US acquired 279 apartments in Washington for the equivalent of €52 mln and a residential property in the New York borough of Brooklyn for about €14 mln. During the summer Akelius invested €116 mln to purchase a six-building residential portfolio in Brooklyn.
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INVESTMENT BRIEFING
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Outlook 2016: Europe & The Nordics
Date Dec 01, 2015
Time 09:30 - 12:00
Location Catella Corporate Finance AB, Birger Jarlsgatan 6, 4th floor
Stockholm SE-102 40, Sweden
Stockholm hosts the fourth of our Outlook series of events, now in its fourth successful year, and provides insights from leading figures on the investment outlook for real estate markets in both the Nordics and Europe.
Join the discussion, stress-test your views on the outlook for the market in 2016 and network with senior investment colleagues.
Registration is complimentary but places are strictly limited so please reserve your place today
