Transactions - APRIL 12, 2016

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Akelius sells 119 properties for $614m

by Andrea Waitrovich

Sweden-based Akelius Residential AB has entered into an agreement to sell 119 apartment properties in the Gothenburg area for an estimated price of $614.36 million.

The buyer is Sweden-based Willhem AB.

The properties, totaling 4,302 units, are located in the Gothenburg area, Borås, Skövde, Trollhättan, Lysekil and Karlstad, of which the majority are located in Borås (approximately 1,500) and in the Gothenburg area (approximately 1,000).

The combined value of Willhem’s property portfolio after this deal amounts to SEK 23.2 billion (€2.9 billion), which represents a 27 percent increase in the new year.

 After the divestment, Akelius will own 17,400 apartments in Sweden, of which 8,700 units are in Stockholm and 6,600 units in the Öresund region.

Akelius announced plans to invest more in U.S. multifamily properties, specifically in the New York, Chicago, Boston, and Washington, D.C., markets. T

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy