Akelius sells 119 properties for $614m
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