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Sign in Sign up for a FREE subscriptionAllianz and Heimstaden Bostad form JV
Allianz Real Estate, on behalf of Allianz companies, invested SEK 7.9 billion ($870 million) in Heimstaden Bostad’s portfolio in Sweden, with properties recently purchased from Akelius, forming a joint venture on the SEK 30.4 billion ($3.35 billion) portfolio centrally located in Malmö and Stockholm.
“We are very pleased to enter into this joint venture covering such a well-diversified, sizeable portfolio,” said Annette Kröger, CEO North and Central Europe for Allianz Real Estate. “Our renewed interest in the residential sector is a deliberate adjustment to our investment strategy; the sector’s stability makes the sector highly attractive to long-term investors. The fundamentals in the Nordics are strong, the residential market is well-established, and we have actively targeted growth in this region.”
The 99 properties are part of the portfolio recently acquired by Heimstaden Bostad from Akelius, with 3,377 homes in Malmö and 5,932 homes in Stockholm, ma
